A long-shuttered motel site on the Las Vegas Strip is getting a new owner: a North Dakota tribal nation that owns nearly 22 acres along the south edge of the famed resort corridor.
Eli Segall
Reporter: Real estate
Email: esegall@reviewjournal.com
Phone: (702) 383-0342
Twitter: @eli_segall
Eli Segall joined the Review-Journal in August 2016 after covering real estate and other business topics for four years at the Las Vegas Sun. He also worked for the Silicon Valley/San Jose Business Journal, The Associated Press and other news groups. Segall has a bachelor’s in political science from the University of Michigan and a master’s in journalism from the University of Maryland. His awards include 2017 Story of the Year from the Nevada Press Association.
The office features more than 130 sports “trading” desks for oddsmakers and a 7,500-square-foot cafeteria and event space.
The housing market started the year on a slow note, and though mortgage rates have been volatile lately, buyers have been returning.
Clark County cleared the way for a guitar-shaped hotel tower to be developed at The Mirage, a project that would spell the end of the resort’s iconic volcano attraction.
Las Vegas developer The Calida Group will soon start construction on its five-story, 400-unit apartment complex near the Strip.
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.”
Vincent Tatum, a Virginia native and Army veteran, is the new president of Grand Canyon Development Partners.
The north Strip isn’t overrun with tourists, and it still has big pieces of land. But the area has gained momentum.
Construction crews have put up the first few buildings at The Bend, a roughly 10-acre, $60 million project on Sunset Road just west of Durango Drive.
The Clark County Building Department issued a demolition permit last week for the domed, Roman-themed structure.
Penn Entertainment’s application to city officials also includes a convention center and a theater for the west Henderson resort.
The house at the valley’s southern edge boasted a “wellness center,” movie theater, wine gallery, fire pits and electric shades.
Brett Torino and Paul Kanavos have already teamed up to build retail projects in the heart of the casino corridor.
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.
Hard Rock International is looking to build a 600-room high-rise along Las Vegas Boulevard.
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