Developer Brett Torino expects the first wave of retail space for Project63 to be completed in October, with the remaining batch finished in February 2023.
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The Summerlin estate has been on and off the market over the past few years and was priced at $24.5 million last fall.
The next portion of the southwest Las Vegas Valley complex includes two more office buildings, another parking structure, and a conference center called The Assembly.
The firm that developed the famed Rockefeller Center is expanding to Southern Nevada.
Southern Nevada’s rental market has heated up over the past year as people are looking for more space amid widespread work-from-home arrangements.
The north Strip skyscraper’s history is marked by bankruptcy proceedings, halted construction, different sets of owners, and national economic meltdowns.
Las Vegas real estate investor Steve Siegel is perhaps best known for his portfolio of low-priced apartment complexes bearing his name, but now he is the Strip’s newest landowner.
The new landlord is looking to develop more space at Tivoli and draw more tenants to the bubble-era real estate project.
Producers of “The Battle of Absolute Dominion” have filed plans with the state of Nevada to film at a shuttered hotel-casino far from the Strip.
“We keep expecting prices to slow down at some point, but it’s not happening yet,” LVR President Brandon Roberts said in a news release.