Here are few of the highlights which we feel make Las Vegas a good market to be investing in right now.
Obviously, the most talked about is the raider NFL football team coming to town. That is all anyone can talk about right now and it as seen by many insiders that it is going to revitalize the Las Vegas and more specifically the area around Russell Road.
Now keep in mind, this is in addition to the Raiders football team moving to the area, as well as Las Vegas just started the first season with their brand new NHL team, The Las Vegas Golden Knights! See the article below how they have their sights set on the Stanley cup!
One of my contacts recent sent me this article about a s massive new casino project that just got the green light…See Below
Resorts World Las Vegas gets green light for $4 billion casino project
On Wednesday, Clark County commissioners approved Resorts World Las Vegas’ plans for a $4 billion hotel-casino project.
The item on the Commission’s consent agenda was given the nod without discussion and the board approved site entitlements for the 87.8 acres located on the north Strip. The plans for development include more than 7,000 hotel rooms, villas and suites along with an arena/conference area and four high-rise hotels, according to the Las Vegas Review-Journal.
Phase one of the project will include a hotel tower with 3,307 rooms and suites, a public space in excess of 657,000 square feet including convention facilities and a movie theater, which Malaysia-based Genting Berhad plans on moving forward with. Gerald Gardner, Resorts World Las Vegas General Counsel, called the commission’s approval “a significant step in the project,” and said, “The entitlement allows us to use the land as intended.” The project has been gathering dust since August 2008 when Boyd Gaming Corp. halted the Echelon development. Once home to the Stardust, Genting purchased the site for $350 million in 2013.
A full-scale construction project is slated to begin this summer and in anticipation parking garages are being completed by construction workers. The search for a construction manager to oversee the project will begin by Genting in a few months. Plans are being completed by designers for Resorts World Las Vegas, which according to documents filed with the county, will incorporate a Chinese themed architectural design with a nod to a “modern interpretations of Chinese details,” as well as the “Forbidden City.”
So, I would say Las Vegas is going strong right now….This is one market we are investing in.
Does all this sound like an opportunity? I think so. If you would like to discuss how you can participate with us, Call us directly at 510-863-1447