Florida developer Jeffrey Soffer aims to open the towering resort in 2023, after initially breaking ground in 2007.
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The new owners of the Drew property did not release details Thursday on their plans for the site, including whether they will change the name back to the Fontainebleau or when they expect to resume construction.
Las Vegas’ housing market is showing signs that its pandemic-sparked turbulence is easing. But it’s too early to say whether the worst of the crisis is over for Southern Nevada’s housing market.
The median sales price of a newly built single-family house in Southern Nevada was around $389,450 in July, compared with $295,000 for a previously owned one, a gap of almost $94,450, according to data from Las Vegas-based Home Builders Research.
Today, the property on Durango Drive at Hacienda Avenue is spruced up and on the market, ready to close the chapter on its blighted, beat-up past.