Swiftcapture review5/3/2023 Height x Width x Depth: 63 mm x 36 mm x 19 mm Height x Width x Depth: 27 mm x 102 mm x 27 mm Follow on Twitter.Height x Width x Depth: 21.5mm x 13.6mm x 6mm And for now, its immediate future remains, more or less, a guessing game.Ĭontact Eli Segall at or 70. This stretch of the Strip is a long way from resembling busier sections of Las Vegas Boulevard. It includes some retail space, a wedding chapel and two sizable projects that opened over the past decade: a Harley-Davidson motorcycle dealership in 2014 and the Pinball Hall of Fame arcade in 2021.īut it also includes the boarded-up former Laughing Jackalope tavern the run-down former White Sands, which closed around 2008 and boasts a history of vandalism, vagrants and feral cats and the remains of SkyVue, a failed observation-wheel project that for years has consisted of little more than two giant concrete columns sticking out of the ground. Overall, the quiet side of the south Strip is by no means dead. Shopoff figured his team is two to four weeks from completing its financing “to get this project back on track.” He pointed to last year’s interest rate hikes by the Federal Reserve - moves that raised borrowing costs in a bid to fight inflation - and recent turmoil in the banking industry. But he indicated that closing the deal has taken longer than expected. Shopoff, who is developing the resort with David Daneshforooz, CEO of real estate firm Contour, said his group had a term sheet from a lender last summer. He also said he owes approximately $25 million to $30 million for work on the resort.ĭream’s lead contractor, McCarthy Building Companies, and several subcontractors on the project recently filed lien notices, Clark County records show. Shopoff, founder of Shopoff Realty Investments, said Dream is slated to cost $550 million to $575 million. The 531-room resort on Las Vegas Boulevard just south of Russell Road would offer a smaller, boutique-style experience in a corridor dominated by hotel-casinos with thousands of rooms apiece. MHA Nation Chairman Mark Fox declined to comment this week on its latest purchase, saying the sales process wasn’t complete yet.ĭream, meanwhile, broke ground last summer. The long-shuttered former White Sands property - a narrow, 1.1-acre plot - is surrounded on three sides by that site. It then acquired most of the 15-acre former Route 91 site for nearly $93 million late last year. It started buying land in Las Vegas in summer 2020, when it purchased an 8.7-acre lot just east of the former Route 91 Harvest festival site for $12 million through a bankruptcy case. The tribal group, also known as Mandan, Hidatsa and Arikara Nation, owns the 4 Bears casino in North Dakota. In true Vegas fashion, investors have by no means stopped buying real estate there - and also in true Vegas fashion, it’s anyone’s guess what the area will look like in the years ahead. Like many areas of Southern Nevada, the south Strip has seen big real estate plans come and go over the years. The buyer, the Three Affiliated Tribes of the Fort Berthold Indian Reservation, already owns nearly 22 acres nearby but hasn’t said what it will do with its assemblage. Then on Thursday, a judge approved the sale of the boarded-up former White Sands Motel property, across from the Luxor, to a North Dakota tribal nation for $10.25 million. On Monday, Dream Las Vegas developer Bill Shopoff told the Review-Journal that construction work had “fully stopped” on the hotel-casino project, as the owners’ stalled financing plans left them owing tens of millions of dollars.Ĭonstruction “will restart once the terms of the financing are finalized,” he said. Still, as we saw this past week, this slice of the corridor remains in flux. Massive resorts including Mandalay Bay and Luxor line one side of the street, but the other side includes some low-slung motel buildings, a boarded-up tavern and a never-finished Ferris wheel project. (Ellen Schmidt/Las Vegas Review-Journal) Vegas Boulevard is known for its towering, glitzy casinos and tourist-choked sidewalks - but the south edge of the corridor is, well, a bit quieter. The failed SkyVue observation-wheel project, right, towers over South Las Vegas Boulevard on Friday, March 24, 2023, in Las Vegas.
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