The developer said he owes approximately $25 million to $30 million for work on the resort, and that construction “will restart once the terms of the financing are finalized.”
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Station Casinos has loaded up on more land in Las Vegas, closing a big purchase just a few days after it unveiled plans to demolish three hotels in Southern Nevada.
Developer Brett Torino aims to open the four-story complex by October 2022.
Demand is fierce and inventory is minimal in the Southern Nevada rental home market, where a report shows prices have jumped 11.3 percent year over year in April.
If all goes without a hitch, boxer Floyd Mayweather will soon have another title under his belt — Las Vegas roller rink owner.
Developers have broken ground on a $400 million mixed-use project in southwest Las Vegas.
The New York financial giant, said to be eyeing deal for Bellagio and MGM Grand, is a major buyer of Las Vegas real estate, including The Cosmopolitan of Las Vegas and the World Market Center.
Here’s a look at the five most expensive high-rise condo sales of the year, as reported by the GLVAR. Most were in the Waldorf Astoria Las Vegas, formerly the Mandarin Oriental , and one of the buyers was Switch founder Rob Roy .
It’s unclear when Station would develop a project or if the company has drawn up plans for one. But its purchase is a wager on a fast-growing area and is a throwback to the pre-recession days , when the company loaded up on future resort sites before Station went bankrupt.
Less than two years after it opened, the Lucky Dragon’s hotel tower is set to close and the property is again headed toward a foreclosure sale.
