Las Vegas Real Estate Developers Planning on Building City’s Tallest-Ever Resort on Former Site of Waterpark
LAS VEGAS, NV – If the plans of a group of real estate developers in Las Vegas come to fruition, the city’s tallest-ever hotel/resort will be built on the former 27-acre site of the Wet ‘n Wild waterpark, previously the potential location of a failed entertainment complex project spearheaded by businessman and former basketball player Jackie Robinson called the All Net Resort & Arena.
The principals of Las Vegas-based real estate development company LVXP – CEO James Frasure Jr., Chief of Staff Christine Richards and Chief Construction Officer Nick Tomasino – stated that the multibillion-dollar ultraluxury resort will boast 2,500 rooms and will have an attached, cutting-edge sports arena geared specifically for NBA basketball games.
When speaking to the local media, Frasure noted that where the All Net Resort & Arena failed, LVXP’s resort project – which he said would be the city’s “first seven-star property” – would succeed due to a careful combination of the best developers in the business.
We are the antithesis of the previous project,” he said. “We are pulling together the best talent in the valley, such as Nick and some other people that we have worked with and the plan is to make this a success quickly and impactful for the whole valley.”
When completed, the currently-unnamed resort would feature rooms with numerous high-tech bells and whistles already in use by resorts overseas, as well as a casino, convention facilities, a retail plaza and food outlets. In addition, the attached arena is slated to have between 18,500 to 20,000 seats for events ranging from entertainment to sports. There are plans for a subterranean parking facility as well.
The project would create thousands of jobs for Las Vegas residents, Frasure said, and would employ sustainable development and green initiatives led by “world-class” construction partners and unionized labor. He also noted that the resort would serve as a large boon to the local economy.
Clark County Commission Chairman Tick Segerblom threw his support behind the LVXP project in a press release announcing it to the public.
This is a well-conceived project that has the potential to transform a valuable undeveloped land parcel into a highly productive destination that contributes meaningful long-term value to the community and visitors alike,” he said.
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