LAS VEGAS – Developers have announced that planning for an extensive mixed-use project is currently in the works adjacent to the Las Vegas Palms Casino Resort – located one mile west of the Vegas Strip, at Flamingo Road and Valley View Boulevard. The location is to encompass a number of businesses and amenities once it is completed in the next year or two. The land tract where construction is taking place is currently vacant, and the project is looking to offer a large degree of revitalization to the surrounding community.
The anticipated project is comprised of an upscale hotel – non-gaming in nature – in addition to a high-end apartment building and a number of retail businesses and franchise eateries such as Chick-fil-A, reports say. The hotel, according to reports, is likely to be branded by Delta and will be comprised of 270 rooms and is slated to potentially reach as high as 24 stories; work on the structure is expected to begin in the latter quarter of 2019, whereas work on the Chick-fil-A facility is expected to begin in the second quarter.
Other stores that are lined up for space in the development include Walgreens Pharmacy and chain restaurants Del Taco, Denny’s, and Wahoo’s Fish Taco. An additional 286-unit apartment complex – to be dubbed Elysian at the Palms, developed by The Calida Group – is also in the planning stages and, with construction expected to take approximately a year-and-a-half once work has begun, reports say. The facility, once completed, is expected to include guest amenities such as a gym, tanning booths, a massage spa, a gaming room, and a bar.
Before the bust of the housing bubble in the mid-2000’s the Flamingo Road and Valley View Boulevard land tract was originally slated to be the home of at least two new hotels, both originally in to be built in a distinct “Manhattan” style with numerous luxury trappings. However, deals for construction on the site all fell through with the market crash and the subsequent recession hit the Las Vegas real estate market especially hard; a malady that Las Vegas has only recently recovered from, with record growth now recorded by experts indicating a city on the rise and in need of new and continued development for the first time in nearly a decade.
The project is being headed up by CAI Investments, which is based locally in Las Vegas.
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