Locals have long predicted better days ahead for the north edge of the Strip, but a burst of news shows the area is still in flux.
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Real estate pros have long figured the Durango site would be the first among Station’s desert parcels to get developed.
Last week’s announcement of the transaction makes sense in terms of corporate strategy and many people already view the Cosmo as an extension of MGM’s CityCenter.
The casino chain has reached deals since 2019 to lease Bellagio, MGM Grand, Mandalay Bay, Aria, Vdara, and, as announced this week, The Cosmopolitan of Las Vegas.