Category Archive : Development

LAS VEGAS, NV – Derek Stevens – noted owner of several high-profile Las Vegas casinos, including D Las Vegas and Golden Gate and developer of the under-construction Circa Resort & Casino – recently announced his plans to build a warehouse near the downtown area to service his hotels, according to reports.

The warehouse, whose project plans have been approved by the Las Vegas City Council, would be built in a vacant lot at the northeast corner of Bonanza Road and Main Street and is slated to be 62,976 square-feet in size.

The lot, previously empty for an extended period of time, was the former home of the Nevada Biltmore Hotel in the 1940’s. It has remained in disuse since then, with an attempt to build a $135 million, 296 unit condominium complex there in the mid-2000’s never coming to fruition due to the recession; Stevens later acquired the property through foreclosure.

The warehouse, according to reports, would be used primarily to service Stevens’ currently-in-construction Circa Resort & Casino, a 777 room hotel that is expected to open in December 2020. The warehouse would also service other hotels that Stevens owns in the downtown area. 

Ground is expected to be officially broken on construction by April of 2020. The project’s general contractor has been announced as being Tré Builders, and efforts have been made to open up channels of discourse with neighboring residents of the project in order to get feedback from them.

According to reports, some of local residents are unhappy with the impending warehouse and its planned aesthetics, claiming that it will have a negative impact upon them. 

Others, however, have been supportive of the warehouse project, noting that the vacant lot is currently home to many undomiciled people.
Attempts to placate neighbors of the project include numerous design elements that will reportedly enhance the visual appeal of the warehouse, including cypress trees, wall vines and a mural.

Shelter Realty Property Management specializes in the areas of  Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

Christopher Boyle

Christopher Boyle is an expert investigative journalist for SEARCHEN NETWORKS® and reports for independent news and media organizations in the United States. Christopher keeps a keen-eye on what’s happening in the Vegas real estate market on behalf of Shelter Realty Property Management

www.shelterrealty.com

LAS VEGAS, NV – The Boy Scouts of America Las Vegas Area Council’s camp, located in Mount Potosi near the Las Vegas Valley, will soon have 1,150 acres of land converted into luxury homes if a local commercial brokerage’s asking price of $90 million is met by an interested developer, according to reports.

Brokerage firm Newmark Knight Frank is put out a press release advertising the sale of the land – known as the Spencer W. Kimball Scout Reservation – is situated at an elevation of 5,800 feet and is currently ripe for development. The release notes that the land could accommodate approximately 1,250 units, ranging from single-family homes located on 3-acre lots as well as attached town houses and condominiums.

The land offers a great chance for an enterprising entrepreneur to take advantage of the current skyrocketing economic climate in the Southern Nevada region with such an investment, according to Newmark Knight Frank executive managing director Curt Allsop.

“The Mount Potosi Canyon Road land offers an extraordinary opportunity for developers, as the potential acquisition of 1,150 acres of contiguous land in one transaction has not existed in Las Vegas for many years,” he said in the firm’s statement. “Located just outside of Las Vegas in a striking natural environment offering unequaled views, the site’s remarkable attributes, combined with the traditional price points of a master-planned community will allow for luxury living without the luxury price tag.”

The Boy Scouts of America Las Vegas Area Council has operated the Spencer W. Kimball Scout Reservation for over 60 years, but a recent decision by the council in regards to their resource and financial management has lead to their decision to engage the services of Newmark Knight Frank to market the property for potential sale. The current asking price of $90 million comes out to just over $78,000 an acre.

Shelter Realty Property Management specializes in the areas of  Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

Christopher Boyle

Christopher Boyle is an expert investigative journalist for SEARCHEN NETWORKS® and reports for independent news and media organizations in the United States. Christopher keeps a keen-eye on what’s happening in the Vegas real estate market on behalf of Shelter Realty Property Management

www.shelterrealty.com

LAS VEGAS, NV – The downtown Las Vegas skyline as of late is littered with numerous cranes and other pieces of construction equipment, giving visitors plenty to look at as the area undergoes a serious period of development not seen in decades.

Nearly 60% of Las Vegas visitors stop by downtown, and most of those do so because of Fremont Street Experience. Our crown jewel is the massive Viva Vision canopy featuring free light shows nightly.

One of the most noticeable construction projects in the region is the Circa Resort & Casino, situated at the corner of Main Street and the Fremont Street Experience. Upon completion, the Circa will have 777 guest rooms, five restaurants, a two-level casino, one of the largest sports books in Las Vegas, and a nine-story parking garage dubbed “Garage Mahal.” Above the casino will be a rooftop deck and amphitheater with six swimming pools and a 125-foot screen. It is expected to open in December 2020.

Also under development in the downtown area is the third tower of the Downtown Grand Hotel & Casino, a seven-floor, 495-room expansion scheduled for completion by the middle of next year. Located at 3rd Street and East Ogden Avenue, the Downtown Grand currently has two hotel towers- an 18-story Casino Tower built in 1985 with 295 rooms, and a 25-story Grand Tower with 334 rooms. The East Tower is connected to the ground level casino. The completion of the third tower will boost the overall number of rooms in the Downtown Grand to 1,124.

And yet another construction project with high-visibility in the Las Vegas downtown area is the ongoing renovation of Viva Vision, a LED display “canopy” that runs along the Fremont Street Experience promenade from Main Street to Fourth Street. 

Currently, Viva Vision is the world’s current largest video screen. Originally, nearly 2.1 million incandescent lights were housed in the canopy. With the completion of the $17 million upgrade, more than 12 million LED lamps will illuminate the overhead canopy. The new LED upgrade was designed and engineered by LG Electronics, who is also the primary corporate sponsor of the canopy. Within the canopy itself are 220 speakers powered by 550,000 watts of amplification. Light and sound shows are presented nightly beginning at dusk on the Viva Vision video screen.

Shelter Realty Property Management specializes in the areas of  Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

Christopher Boyle

Christopher Boyle is an expert investigative journalist for SEARCHEN NETWORKS® and reports for independent news and media organizations in the United States. Christopher keeps a keen-eye on what’s happening in the Vegas real estate market on behalf of Shelter Realty Property Management

www.shelterrealty.com

LAS VEGAS, NV – The Majestic Las Vegas, the latest luxury resort hotel to call Sin City home, is slated to offer a different experience than many of the establishments in town when it opens its doors for business in 2023.

Eschewing gambling and other similar activities, The Majestic will instead exclusively focus on a growing field in the hotel world- health and wellness.
From outward appearances, The Majestic – estimated to cost a whopping $850 million – will most likely look like your run-of-the-mill luxury high-rise, offering 720 suites, six gourmet restaurants, a 50 cabana pool area, and theaters for live entertainment. However, at the very heart of the hotel will be a unique attraction- a four-level, fitness and nutrition spa center featuring state-of-the-art facilities and services such as exercise classes, full-body treatments, and more.

Catering to clientele that wish to avoid the Las Vegas gambling scene – again, there will be no high-stakes betting or games of chance on the premises – The Majestic will feature a contemporary design inspired by the iconic La Concha Motel originally constructed in 1961. 

The Majestic will also cater to Las Vegas’ business community, with levels 51 through 60 – dubbed “Sky Suites” – offering 25,000 square feet of space that is fully customizable and reconfigurable for the needs of any businesses that may decide to take up residence in the hotel. These business tenants will have full access to the hotel’s amenities, as well as a private concierge and a dedicated Owner’s Club.

The Majestic is slated to be constructed upon the six-acre location of the former Clarion Hotel – just two blocks from the Las Vegas Strip – and will be situated directly across from the new Las Vegas Convention Center, which is due to open in 2021. If all goes according to plan, The Majestic, with its emphasis on health and wellness, will offer an interesting new twist to the Southern Nevada tourism trade by giving guests a healthy respite from the excesses that Las Vegas is known world-wide for.

Shelter Realty Property Management specializes in the areas of  Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

Christopher Boyle

Christopher Boyle is an expert investigative journalist for SEARCHEN NETWORKS® and reports for independent news and media organizations in the United States. Christopher keeps a keen-eye on what’s happening in the Vegas real estate market on behalf of Shelter Realty Property Management

www.shelterrealty.com

LAS VEGAS, NV – Recently, Las Vegas city officials and business leaders discussed the status of a proposed and oft-delayed high-speed train between Las Vegas and California, a project that is now seemingly going forward with a estimated construction start date of 2020, according to reports.

The service, which will serve as a conduit between the two regions for upwards of 22 million people, has been in the on again/off again planning stages since the late 1990’s. However, developer Virgin Trains USA has stated that they are ready to begin development after similar railways that they have developed and maintained in Florida have proven to be successful, giving them an established model to adhere to with the Vegas equivalent. 

The project overall is expected to take approximately three years to complete, with the railway to cover the distance between the Las Vegas Strip and Victorville, California, a 75 minute-long trip; the distance – about 185 miles – is cited by Virgin Trains USA as being too close to fly, but too far to drive, thus making a railway line an ideal solution for commuters and travelers between the two cities. 

Construction of the railway system – which will run alongside Interstate 15 and will reach speeds of 150 miles per hour – is expected to be privately-funded, according to reports.

A railway connecting LA and Vegas would prove beneficial to both, as each city features a robust business climate that a dedicated train line would help to grow. Establishing a direct, fast and easy commute would help their overall job markets and provide a means for companies to recruit more widely to suit their needs. Currently, the 15 freeway serves as the most direct means of travel between LA and Vegas, in addition to air travel, which can be cost-prohibitive for most commuters. Train service, in contrast, would be very affordable.

Shelter Realty Property Management specializes in the areas of  Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

Christopher Boyle

Christopher Boyle is an expert investigative journalist for SEARCHEN NETWORKS® and reports for independent news and media organizations in the United States. Christopher keeps a keen-eye on what’s happening in the Vegas real estate market on behalf of Shelter Realty Property Management

www.shelterrealty.com

LAS VEGAS, NV – The Las Vegas Sphere, a 400,000-square-foot, 18,000-seat, 360-foot-tall globe-shaped arena slated to be constructed on 63 acres of property located behind the Venetian Resort Hotel Casino on the Las Vegas Strip, is currently running over initial cost estimates. As a result, the ambitious project – helmed by developer Madison Square Garden Co. – may cost upwards of $500 million more than first projected, inflating its final price tag to as much as $1.7 billion, reports say.

Originally, Madison Square Garden Co. – in conjunction with partner Las Vegas Sands Corp. – had estimated the cost of the high-tech stadium at $1.2 billion, which was contrasted recently when the contractor of the project, AECOM, announced that costs are more likely in the range of $1.7 billion.

The discrepancy, according to reports, may come from the difference between initial budgeting and forecasting based on schematic designs available at the start of construction – ground was officially broken one year ago – and high costs that AECOM has noted they are encountering throughout the process of physically bringing the complex designs to life. Madison Square Garden Co. has reportedly stated that they feel this new $1.7 billion estimate is too high, and is “in the process of reviewing and challenging those assumptions.”

The Sphere will cater to musical performances and concerts, as well as potentially occasional boxing or MMA contests. Once completed, the interior of will feature a 180,000-square-foot ceiling with massive video screens for attendees to watch, as well as floor-based bass speaker system to appeal to concert and club-goers on evenings when electronic dance music acts take the MSG Sphere stage, giving the music venue a multi-genre and event capability. The Sphere is expected to be completed in 2021.

Shelter Realty Property Management specializes in the areas of  Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

Christopher Boyle

Christopher Boyle is an expert investigative journalist for SEARCHEN NETWORKS® and reports for independent news and media organizations in the United States. Christopher keeps a keen-eye on what’s happening in the Vegas real estate market on behalf of Shelter Realty Property Management

www.shelterrealty.com

LAS VEGAS,, NV – Matter Real Estate Group recently broke ground on the Matter Logistics Center, a $70-million, 725,000-square-foot industrial/warehouse project situated on a 41 acre plot of land that its developer noted will combine modern design with high functionality and will welcome both new and current businesses upon its completion in February 2020.

Located in North Las Vegas, only a few miles from the famed Las Vegas Strip and in proximity to both I-15 and US 95 – ensuring ease of access to all – Matter Logistics Center will serve as a high-tech home to numerous corporate clients and their businesses, according to Matter’s official statements. Its centralized location will make it a vital part of the region’s distribution and operations, as well as tourist and convention corridors.

There will be a total of five buildings on the site – varying in size and scope – that will offer a variety of amenities for tenants, including space for warehouses, distribution, showrooms, and offices, with available square footage ranging from 11,000 to nearly 480,000 square-feet. Units will feature docking and loading facilities that can be customized as needed for truck height and other specifications. There will also be plenty of space for vehicle parking and storage for trailers, reports say.

Matter Real Estate Group made headlines recently when they revealed plans for another high-profile mixed-use project in the Las Vegas area- the “Un-Commons,” located at Durango Drive and Interstate 215. A “Town Square” of sorts designed to cater to the needs of the tenants who live and work there, the Un-Commons will offer numerous exercise, relaxation, food, shopping, and entertainment options, all within walking distance of both an employee’s place of work and the project’s luxury apartment complex.

Matter also recently broke ground on Phase one of Matter Park at West Henderson, a 475,000-square-foot light industrial office/warehouse project, and is nearly finished developing Matter Park at Warm Springs, a 156,000-square-foot Class A industrial facility in North Las Vegas.

Shelter Realty Property Management specializes in the areas of  Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

Christopher Boyle

Christopher Boyle is an expert investigative journalist for SEARCHEN NETWORKS® and reports for independent news and media organizations in the United States. Christopher keeps a keen-eye on what’s happening in the Vegas real estate market on behalf of Shelter Realty Property Management

www.shelterrealty.com

LAS VEGAS, NV – According to reports, the Hard Rock Hotel of Las Vegas will close its doors in February 2020, after which it will undergo eight months of renovations and will emerge without its iconic name. Instead, it will be rebranded as Virgin Hotels Las Vegas upon it’s re-opening, a move that was originally announced back in March 2018 when the hotel was purchased by Virgin Hotels in partnership with a group of investment firms.

The previous plan called for the hotel to remain partially open throughout the renovation process, only to be closed for four months. However, those plans have been changed, and the hotel will now be closed throughout the entire renovation, according to a statement released by Richard Bosworth, President and CEO of JC Hospitality, one of the investment firms that now owns the Hard Rock Hotel in conjunction with Virgin.

We determined that a phased closing of four months, followed by a total closure of four months was not efficient from a construction process nor could we provide a hospitality service experience our guests deserve,” he said. “Therefore an approximate eight-month closure would be most efficient and ensure a timely opening prior to January 2021. We might be ready in October, but construction is an imperfect process. Until early February 2020 it is business as usual at Hard Rock Hotel & Casino Las Vegas. Virgin Hotels Las Vegas promises to be one of the most exciting, vibrant, and anticipated properties to open in Las Vegas in years.”

The hotel is slated to close in February 2020, possibly after the Super Bowl on Feb. 2 at Hard Rock Stadium in Miami. Remaining entertainment and music performances scheduled for the Hard Rock before it closes include Brian Wilson and The Zombies, Cake & Ben Folds, Greta Van Fleet, Daughtry, Stone Temple Pilots and comedian Demetri Martin. 

Features of the property include the hotel tower, a 30,000-square-foot casino, Tahitian-style beach and swimming pool, a nightclub, six restaurants, three cocktail lounges, several retail stores, a spa, a poker room, and “The Joint,” a music venue. The property is located on 16.7 acres on the corner of Harmon and Paradise Road.

Shelter Realty Property Management specializes in the areas of  Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

Christopher Boyle

Christopher Boyle is an expert investigative journalist for SEARCHEN NETWORKS® and reports for independent news and media organizations in the United States. Christopher keeps a keen-eye on what’s happening in the Vegas real estate market on behalf of Shelter Realty Property Management

www.shelterrealty.com

LAS VEGAS, NV – According to reports, Developer Lorenzo Doumani announced this week that ground will be broken in 2020 on his newest project- the Majestic Las Vegas, a non-gaming hotel to be constructed at 305 Convention Center Drive, the site of the former Clarion hotel which was demolished in 2015.

The Majestic Las Vegas, a project with a whopping $850 million price tag, is slated to be a 45-story high-rise consisting of 720 rooms with numerous amenities for guests, including all-purpose space for conventions and meeting rooms as well as restaurants and a wellness/medical spa that would be able to offer physical examinations as well as professional advice on diet and exercise.

Reports indicate that the projected ground-breaking for the Majestic is slated to for May, with work then quickly progressing with an anticipated completion date being set in the first quarter of 2023.

The Majestic Las Vegas project has been in the works for a number of years and was postponed several times while changing in scope and form; these changes were due to the rising costs of construction in the Las Vegas region at the time, necessitating changes in order to keep the project realistically affordable. 

The Majestic was originally announced by Doumani in 2004 as a 42-story condominium tower accompanied by Hilton’s Conrad Las Vegas, but was redesigned numerous times over the course of several years until Hilton – which had just been sold to the Blackstone group – pulled out of the project in 2007. Shortly afterward, Majestic Resorts filed a request for arbitration against Hilton and the undeveloped property was sold that year for $180 million.

In May 2019, Doumani received county approval to build Majestic Las Vegas on the former six-acre site of the nearby Clarion Hotel and Casino, which he had imploded four years earlier. The hotel will be located near the Las Vegas Convention Center and the Las Vegas Strip.

Shelter Realty Property Management specializes in the areas of  Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

Christopher Boyle

Christopher Boyle is an expert investigative journalist for SEARCHEN NETWORKS® and reports for independent news and media organizations in the United States. Christopher keeps a keen-eye on what’s happening in the Vegas real estate market on behalf of Shelter Realty Property Management

www.shelterrealty.com

LAS VEGAS, NV – According to reports, Bleutech Park Properties, Inc. recently announced a truly ambitious project that is slated to break ground in the Las Vegas Valley in December 2019 – Bleutech Park, a so-called “smart mini-city” that will combine cutting-edge tech with new design principles which the developer claims will influence future construction.

Its description certainly makes Bleutech Park sound like something out of “Star Wars,” or “The Jetsons” with the developer noting that the $7.5 billion project will feature renewable energy source-powered “net-zero” buildings, meaning buildings with zero net energy consumption; the total amount of energy used by the buildings on an annual basis will be roughly equal to the amount of renewable energy created on the site, reports say.

In addition, Bleutech Park will have automated multi-functional designs, autonomous vehicles, artificial intelligence, augmented reality, robotics, self-healing concrete structures and more. Environmentally-friendly “green” technology will be at the forefront of design principles, including water purification, energy generation and storage, waste-heat recovery, and more. A network of “supertrees” is slated to help reduce imported water consumption by 95 percent.

With zero carbon emissions the project’s stated goals, according to reports, the outside surfaces of all buildings will utilize photo-voltaic glass, essentially turning them all into giant solar panels capable of generating significant amounts of electrical power.

The project is privately funded and is expected to take approximately six years for construction to be completed; once finished, it will offer mixed-use space combining worker housing, office and retail space, in addition to luxury hotel and entertainment options for residents and guests.

More details on the Bleutech Park project – which is expected to create more than 25,000 jobs – are expected to be announced shortly. But the degree of technology that is being talked about – much of the tech is still early in development, but progressing at a steady pace – could truly make Bleutech Park a beacon for community design for all developers in the future – if the project is successfully pulled off.

Shelter Realty Property Management specializes in the areas of  Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

Christopher Boyle

Christopher Boyle is an expert investigative journalist for SEARCHEN NETWORKS® and reports for independent news and media organizations in the United States. Christopher keeps a keen-eye on what’s happening in the Vegas real estate market on behalf of Shelter Realty Property Management

www.shelterrealty.com

LAS VEGAS, NV – Long vacant and empty, the famed Moulin Rouge casino in Las Vegas may finally be set to receive a new lease on life by Las Vegas Moulin Rouge LLC, a company that has plans to purchase the property as a prelude to a proposed $1.6 billion revival effort.

The Moulin Rouge holds a place in history as the first gambling establishment to not exclude minorities of any ethnic group and while it was in operation, it was heralded as one of the most popular casinos in town. However, aside from a bi-annual mobile gaming event held in the facility’s parking lot in order to retain its permanent gaming license, the Moulin Rouge has otherwise been abandoned and dust-ridden for decades.

Several companies have proposed plans to revive the Moulin Rouge over the years, but Las Vegas Moulin Rouge LLC is the closest thus far to making those plans become a reality. First, the company would have to raise the capital in order to purchase the site – the current asking price is $9.5 million – then they would be required to provide proof that they would be able to provide the capital to carry out the proposed revival work, which the company has stated would be carried out in three phases.

The initial phase would consist of constructing a 25,000 square-foot casino, a 400-room hotel, an entertainment center, a convention center, and a variety of other features that would usher the Moulin Rouge into the modern age. Also, as a testament to the venue’s important place in local history, there are also plans to establish a 5,000 square-foot museum dedicated to the casino’s past.

The second phase would feature an expansion of the casino, convention center, and hotel, and the addition of retail and dining options, in addition to more entertainment options. Final amenities to be added – if available space allows – would be more retail space, business offices, and a 12,000-seat arena.

The building was added to the National Register of Historic Places in 1992. As of press time, it remains to be seen if Las Vegas Moulin Rouge LLC can pull their ambition plans off, but if so, they will have helped to revive an important part of Las Vegas’ past.

Shelter Realty Property Management specializes in the areas of  Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

Christopher Boyle

Christopher Boyle is an expert investigative journalist for SEARCHEN NETWORKS® and reports for independent news and media organizations in the United States. Christopher keeps a keen-eye on what’s happening in the Vegas real estate market on behalf of Shelter Realty Property Management

www.shelterrealty.com

LAS VEGAS, NV – According to reports, Los Angeles transit officials are currently having official discussions with Virgin Trains USA in order to breathe new life into an oft-delayed project that would establish a railway between LA and Las Vegas.

Virgin Trains USA currently operates a similar railway in Florida that connects Miami, Fort Lauderdale, and West Palm Beach; LA transit officials recently visited and toured the site to see how such a set-up could connect their city with Las Vegas.

Plans to create train service between the two cities have been circulating for a while; most recently, an older proposal was revived in 2018 that would have seen the railway built along the 15 Freeway. The project would be funded privately, but LA transit officials have stated that they would assist with an extension of the line into their own city.

Virgin Trains USA is currently in the process of seeking approval from state governments in both California and Nevada to procure tax- exempt bonds in the amount of $3.6 billion in order to fund the project’s beginning phase. Initially, Virgin had hoped to start work on the railway by 2020, but the latest estimates have pushed that date back to 2022 at the earliest.

A railway connecting LA and Vegas would prove beneficial to both cities, as each features a robust business climate that a dedicated train line would help grow. Establishing a direct means of fast and easy commute would help their overall job markets and provide a means for companies to recruit more widely to suit their needs. Currently, the 15 freeway serves as the most direct means of travel between LA and Vegas, in addition to air travel, which can be cost-prohibitive for most commuters. Train service, in contrast, would be very affordable.

Shelter Realty Property Management specializes in the areas of  Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

Christopher Boyle

Christopher Boyle is an expert investigative journalist for SEARCHEN NETWORKS® and reports for independent news and media organizations in the United States. Christopher keeps a keen-eye on what’s happening in the Vegas real estate market on behalf of Shelter Realty Property Management

www.shelterrealty.com