Building near Raiders stadium site has checkered, possibly haunted, history

It’s been set on fire and ripped apart by vandals. Its owners have been ordered to fix it or tear it down. It’s even (reportedly) had paranormal activity.

And now, thanks to the Raiders, it’s looking like prime real estate.

The vacant two-story building at 5285 Dean Martin Drive is just north of the NFL team’s planned stadium site, separated by the Hacienda Avenue-Mandalay Bay Road overpass. It’s been home to a Mexican restaurant, a strip club, a concert venue and a nightclub, according to reports, but there’s no commerce in sight these days.

It’s too early to say whether the Raiders’ arrival in Las Vegas will spark a burst of construction right nearby; the team just bought its land on Monday, and the neighborhood is almost entirely built out, mostly with industrial properties. Also, the kinds of amenities investors might want to open near a stadium – bars, restaurants, retail – are found in abundance just a mile or so away on the Strip.

But there are some empty parcels and other possible development sites nearby that builders are bound to look at ­— including, hopefully, the boarded-up, barbecued eyesore.

It’s unclear how long the building has been empty. But the current owners acquired the property through foreclosure in 2010, and conditions are only worsening.

A two-alarm fire torched the building early Thursday morning, causing an estimated $120,000 in damage. The Clark County Fire Department had responded to that address for fires four other times since August, deputy chief Jeff Buchanan said in a press release.

“That’s kind of a lot of fires,” said Jennifer Lewis, vice president of the Lewis Group of Cos., which owns a nearby industrial park. “Most people would probably not tolerate that.”

Workers have taped red “Danger” signs to the property along with a “Declaration of Imminent Danger” that says the “abandoned and unsecured” building “has become a haven for vagrants as well as criminal activity.”

A county notice stapled to the boarded-up front entrance says the building “has not been maintained” and that vagrants have moved in and caused “multiple fires.” It also says vandalism “has accrued with the removal of all electrical, mechanical and plumbing,” that drywall was taken from “multiple” locations and that “all fixtures have been removed.”

The notice, dated March 21, ordered the landlord to clear the property of occupants, secure the building and repair or demolish it.

A group called Itai Investments owns the property. The people behind the company could not be reached for comment, but a woman who answered the phone at the Almera Group in Southern California, a mortgage firm linked to the ownership, said the landlords “were blindsided” by Thursday’s blaze and were trying to “figure out what to do.”

She also said it’s “not true” that the property was hit with multiple fires in less than a year but did not elaborate.

The 1.8-acre property is up for sale with no apparent asking price. Listing broker Curt Allsop of Newmark Grubb Knight Frank could not be reached for comment.

Whether developers put up projects near the stadium, they’re certainly looking in the area. Lewis said her company has been “hearing from people pretty consistently” since the Russell Road site was identified as a contender for the planned $1.9 billion, 65,000-seat domed venue. Sunbelt Development &Realty Partners founder Bill Lenhart, listing broker for a 2.5-acre parcel behind the Dean Martin building, also said he’s been getting calls “consistently.”

“I’m sure they’re getting the same level of interest we’re getting,” he said of the cooked structure.

The land he’s selling also has a homeless encampment along the fence it shares with Itai’s property. Whenever vagrants are cleared out, Lenhart said, “it doesn’t take long for them to return.”

The Dean Martin property was built in 1991 and, according to a report by the Las Vegas Weekly, may have a ghostly past. It reported in 2009 that after “numerous unexplained experiences,” the Paranormal Investigation Team of Nevada “was called in and collected evidence.”

“It definitely has paranormal activity,” an investigator told the paper.

Ghost stories aside, developers have looked at the site before. The Calida Group, a Las Vegas apartment developer, pursued plans last year to buy Itai’s property and Lenhart’s, tear down the empty building and construct a 285-unit rental complex.

Co-founder Eric Cohen said his group liked the site because it offers views of the Strip and is a close walk to the resort corridor. But, he said, the company scrapped its plans after learning a fault line ran through the middle of Itai’s parcel. County building codes would have prevented him from developing on the fault line, he indicated.

Renovating the existing building would be difficult, he said. As Cohen sees it, the only new projects that could work on the parcel are surface parking, landscaping or maybe a bar and tailgate area.

Nothing too exciting. But look on the bright side: even if it’s only a parking lot with tree planters, at least no one can kick through the walls and rip out the copper.

Contact Eli Segall at esegall@reviewjournal.com or 702-383-0342. Follow @eli_segall on Twitter.

ad-high_impact_4
Business
A Walk Through Circus Circus
It only takes a short walk through Circus Circus to realize it attracts a demographic like no other casino on the Strip: families with young children. (Todd Prince/Las Vegas Review-Journal)
Morphy Auctions, a vintage slot machines seller, wants gaming license
Vice president Don Grimmer talks about Morphy Auctions at the company's warehouse located at 4520 Arville Street in Las Vegas on Thursday, Aug. 16, 2018. (Rick Velotta/Las Vegas Review-Journal)
Nevada's venture capital money doesn't stay in state
Zach Miles, associate vice president for economic development for UNLV, said there’s venture money in Southern Nevada, “but trying to find the right groups to tap into for that money is different.” According to a 2017 report from the Kauffman Foundation, Las Vegas ranked number 34 out of 40 metropolitan areas for growth entrepreneurship, a metric of how much startups grow. With a lack of growing startups in Las Vegas, investment money is being sent outside of state borders. The southwest region of the U.S. received $386 million in funding in the second quarter, with about $25.2 million in Nevada. The San Francisco area alone received about $5.6 billion. (source: CB Insights)
Neon wraps can light up the night for advertising
Vinyl wrap company 5150 Wraps talks about neon wraps, a new technology that the company believes can boost advertising at night. (Marcus Villagran/Las Vegas Review-Journal) @brokejournalist
Nevada on the forefront of drone safety
Dr. Chris Walach, senior director of Nevada Institute for Autonomous Systems, talks to a reporter at NIAS's new Nevada Drone Center for Excellence of Public Safety, located inside the Switch Innevation Center in Las Vegas. K.M. Cannon Las Vegas Review-Journal @KMCannonPhoto
Motel 8 on south Strip will become site of hotel-casino
Israeli hoteliers Asher Gabay and Benny Zerah bought Motel 8 on the south Strip for $7.4 million, records show. They plan to bulldoze the property and build a hotel-casino. Motel 8 was built in the 1960s and used to be one of several roadside inns on what's now the south Strip. But it looks out of place today, dwarfed by the towering Mandalay Bay right across the street.
Project billed as one of the world's largest marijuana dispensaries plans to open Nov. 1
Planet 13 co-CEO Larry Scheffler talks about what to expect from the new marijuana dispensary, Thursday, July 19, 2018. (Marcus Villagran/Las Vegas Review-Journal) @brokejournalist
Oasis Biotech opens in Las Vegas
Brock Leach, chief operating officer of Oasis Biotech, discusses the new plant factory at its grand opening on July 18. (Bailey Schulz/Las Vegas Review-Journal)
UNLV Tech Park innovation building breaks ground
Construction on the first innovation building at the UNLV Tech Park is underway. (Bailey Schulz/Las Vegas Review-Journal)
Caesars Forum Meeting Center
Caesars broke ground Monday on its $375 million Caesars Forum Meeting Center (convention center) just east of the High Roller observation wheel. (Caesars Entertainment)
Technology reshapes the pawn shop industry
Devin Battersby attaches a black-colored device to the back of her iPhone and snaps several of the inside and outside of a Louis Vuitton wallet. The device, installed with artificial intelligence capabilities, analyzes the images using a patented microscopic technology. Within a few minutes, Battersby receives an answer on her app. The designer item is authentic.
Recreational marijuana has been legal in Nevada for one year
Exhale Nevada CEO Pete Findley talks about the one year anniversary of the legalization of recreational marijuana in Nevada. (K.M. Cannon/Las Vegas Review-Journal)
Young adults aren't saving for retirement
Financial advisors talk about saving trends among young adults. (Bailey Schulz/Las Vegas Review-Journal)
President Trump’s tariffs could raise costs for real estate developers, analysts say
President Donald Trump made his fortune in real estate, but by slapping tariffs on imports from close allies, developers in Las Vegas and other cities could get hit hard.
Las Vegas business and tariffs
Barry Yost, co-owner of Precision Tube Laser, LLC, places a metal pipe into the TruLaser Tube 5000 laser cutting machine on Wednesday, June 20, 2018, in Las Vegas. Bizuayehu Tesfaye/Las Vegas Review-Journal @bizutesfaye
Nevada Film Office Connects Businesses To Producers
The director of the Nevada Film Office discusses its revamped locations database and how it will affect local businesses. (Bailey Schulz/Las Vegas Review-Journal)
Opendoor isn't the typical house flipping company
Unlike most house flippers, the company aims to make money from transaction costs rather than from selling homes for more than their purchase price.
The Venetian gondoliers sing Italian songs
Gondolier Marciano sings a the classic Italian song "Volare" as he leads guests through the canals of The Venetian in Las Vegas. (K.M. Cannon/Las Vegas Review-Journal)
Building In Logandale
Texas homebuilder D.R. Horton bought 43 lots in rural Logandale. (Eli Segall/Las Vegas Review-Journal)
Indoor farming in Southern Nevada
Experts discuss Nevada's indoor farming industry. (Bailey Schulz/Las Vegas Review-Journal)
Former Fontainebleau could have become a Waldorf Astoria
Months after developer Steve Witkoff bought the Fontainebleau last summer, he unveiled plans to turn the mothballed hotel into a Marriott-managed resort called The Drew. But if Richard “Boz” Bosworth’s plans didn’t fall through, the north Las Vegas Strip tower could have become a Waldorf Astoria with several floors of timeshare units. (Eli Segall/Las Vegas Review-Journal)
LVCVA CEO Rossi Ralenkotter announces plans to retire
Rossi Ralenkotter, CEO of the LVCVA, on Tuesday confirmed a Las Vegas Review-Journal report that he is preparing to retire. Richard N. Velotta/ Las Vegas Review-Journal
Cousins Maine Lobster to open inside 2 Las Vegas Smith’s stores
Cousins Maine Lobster food truck company will open inside Las Vegas’ two newest Smith’s at Skye Canyon Park Drive and U.S. Highway 95, and at Warm Springs Road and Durango Drive. Cousins currently sells outside some Las Vegas Smith’s stores and at Fremont Street and Las Vegas Boulevard. (K.M. Cannon/Las Vegas Review-Journal)
Las Vegas home prices to continue to rise, expert says
Lawrence Yun, chief economist at the National Association of Realtors, gives homebuyers a pulse on the Las Vegas housing market. (Eli Segall/Las Vegas Review-Journal)
NV Energy announces clean energy investment
The company is planning to add six solar projects in Nevada, along with the state's first major battery energy storage capacity. Bailey Schulz/Las Vegas Review-Journal
3 Mario Batali restaurants on Las Vegas Strip to close
Days after new sexual misconduct allegations were made against celebrity chef Mario Batali, his company announced Friday that it will close its three Las Vegas restaurants July 27. Employees of Carnevino Italian Steakhouse, B&B Ristorante and Otto Enoteca e Pizzeria, all located in The Venetian and Palazzo resorts, were informed of the decision Friday morning. Bastianich is scheduled to visit the restaurants Friday to speak to employees about the next two months of operation as well as how the company plans to help them transition to new positions.
Nevada has its first cybersecurity apprenticeship program
The Learning Center education company in Las Vegas has launched the first apprenticeship program for cybersecurity in Nevada. It was approved by the State Apprenticeship Council on May 15. (K.M. Cannon/Las Vegas Review-Journal)
TOP NEWS
News Headlines
Add Event
Home Front Page Footer Listing
Circular
You May Like

You May Like