Developers Brett Torino and Paul Kanavos, who built Harmon Corner and are working on the 63 retail center, would become the owners of property near the Convention Center.
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Brett Mufson, president of project developer Jeffrey Soffer’s firm Fontainebleau Development, is now top boss of the towering north Strip resort.
The deal called for Vici Properties to pay around $1.27 billion in cash to financial giant Blackstone.
Workers recently tore down a 1960s-era Travelodge on Las Vegas Boulevard as the Houston billionaire pushes ahead with plans for a towering upscale resort.
The towering north Strip hotel-casino will feature a pillarless ballroom spanning more than 105,000 square feet, one of the largest in Las Vegas.
Real estate pros have long figured the Durango site would be the first among Station’s desert parcels to get developed.
Eric Carlton of Colliers International told the Las Vegas Review-Journal that the Suncoast hotel-casino is not for sale, only the 49-acre parcel on which it sits.