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Downtown Las Vegas Redevelopment Las Vegas Real Estate & News

 

Downtown Las Vegas has been approved for redevelopment. Downtown Las Vegas is now divided into segments, called "districts."  In reference to business and residential development, Mayor Oscar Goodman commented in September 2004 "There is no limitation on height. I want it to be very dense. I want people to live down there."

These articles are useful in understanding the components of the redevelopment

 

Medical Center Won't Pay for Soil Remediation- City Manager Doug Selby said it is likely that some remediation will be needed, but he doesn't expect it to be costly. A site downtown is proposed for an academic medical center near Grand Central and Bonneville. 9/15/2005

Downtown Las Vegas: Filling in the Blanks Over the last ten years in Las Vegas, residences are moving closer and closer to the mountains, farther from the center of town. With land prices increasing so much, it does seem natural to take a look at rejuvenating the center of town. 4/24/2005

Union Park Beginning to Take Shape in Downtown Las Vegas Union Park will be comprised of over 30 buildings ranging from 2 to 50 stories tall. The downtown Las Vegas commercial market is experiencing growth and interest from a variety of industries. 4/11/2005

Club Renaissance Condo Tower Planned for Downtown Las Vegas Club Renaissance is yet another project desinged to contribute to the high rise developments to populate downtown Las Vegas. The 60-floor development will offer residential and retail space. 1/24/2005

Las Vegas to Consider Exchange in Downtown Deal The former city land has appreciated dramatically because of downtown's investment boom and the property's proximity to a vacant 61-acre parcel now considered one of the most valuable pieces of urban real estate in the nation. Under another new proposal, Boyd would provide $1.68 million toward design and construction of a proposed performing arts center downtown. In exchange, the city would relieve the company of its obligation to build a garage and confer clear title to the land, located next to Boyd's Main Street Station.

City Tells Developer to Plan for Stadium The city's contract with Related calls for the company to prepare within 60 days a master plan for development of the site that would include a combination of some or all of the following: a hotel-casino; a high-rise condo development; retail stores; a new City Hall; the first phases of a performing arts center and an academic medical center; and a baseball stadium. 1/6/2005

Las Vegas Plans for Baseball Stadium "Let's get baseball," Goodman told representatives of The Related Cos. from the dais Wednesday as the council voted to approve an exclusive negotiating agreement for development of the downtown Union Park parcel. "Major League Baseball will come to Las Vegas." 1/6/2005

Streamline Condos Starting Soon Martin-Harris Construction has cleared the 1-acre site of the former Golden Inn motel in downtown Las Vegas and will start building the 21-story Streamline Tower soon. The $110 million high-rise condominium project at Las Vegas Boulevard and Ogden Avenue will have 14,000 square feet of mixed-use retail on the bottom floor and 251 units priced from the high-$300,000s to more than $900,000. 1/3/2005

Newport Lofts Planned for Downtown Las Vegas Newport Lofts are just another of the projects planned for downtown Las Vegas. Newport Lofts will be situated on a half acre lot at the northeast corner of Casino Center and Hoover Boulevard. The 335 ft tall will have a blue-tinted glass exterior and 23 stories. The project calls for 168 condominium units with ten different floor plans and six stories of enclosed parking. The lofts are scheduled to break ground in late May 2005.

The Pitchman: In Promoting Redevelopment in Las Vegas, Mayor Goodman Zealously States His Client's Case In his quest to turn a faded city core of aging casinos, seedy weekly motels and dilapidated office buildings into a vibrant urban village brimming with everything from coffeehouses and art galleries to new homes and nightclubs, Goodman has used hundreds of public appearances and media interviews to tout downtown redevelopment, even when all signs indicated it simply wasn't happening. 12/19/2004

Builders Have Lofy Aims for Downtown Condos Derrick, vice president of development and acquisitions for Seegmiller Partners, said his firm has already been approved by the planning department and City Council for the 23-story Newport Lofts at Casino Center Boulevard and Hoover Avenue in downtown Las Vegas. The 335-foot building will offer 168 loft-style floor plans from 900 square feet to 1,600 square feet, priced from the $300,000s to $700,000s. Two-story penthouse suites range from 1,700 to 3,000 square feet, starting in the $900,000s. 12/18/2004

Sandhurst Unveils High Rise Tower Plans for Downtown Las Vegas A new $180 million, 34-story high-rise condo tower is planned on 3.2 acres along Grand Central Parkway in downtown Las Vegas. The building will consist of 409 one and two bedroom units in the southern part of downtown, known as Parkway Center. 11/22/2004

CITY HALL EXPANSION: City OKs Purchase of Homes Without discussion, the council unanimously voted to spend more than $1.3 million in public money to purchase the house and two other modest residences on Sixth Street. The city plans to demolish the homes to pave the way for a six-story expansion of City Hall. 11/18/2004

"Every week there's something new" World Market Center furniture showcase ahead of schedule. Construction of the first phase of the $1 billion furniture showcase near downtown Las Vegas is nearly two months ahead of schedule, and even its co-creator admits he struggles to stay atop a project that's occupied him and business partner Jack Kashani for the better part of five years. 11/19/2004

Moving in On the Furniture Market- Las Vegas Hopes to Become a Big Player in Industry Many expect the World Market Center -- now under construction with 1.3 million square feet in downtown Las Vegas -- to be the beginning of a new industry in the valley and to be the economic kick-start that downtown needs. The first Las Vegas market, scheduled for July 25-29, will include at least 2.3 million square feet of exhibition space at the World Market Center site at Grand Central Parkway and Bonneville Avenue and at the Las Vegas Convention Center. It is expected to draw 40,000 to 60,000 attendees.

New City Hall Proposed on 61 acres Downtown Along with an academic medical center and a performing arts venue, Mayor Oscar Goodman is floating another design idea for the city's vacant 61 acres: new digs for the city government. A proposal under discussion in private meetings regarding the 61-acre Union Park land west of downtown would call for the construction of a new, larger city hall there, as well as the conversion of the current city hall a few blocks away into condominiums for people such as teachers and nurses. November 2, 2004

Third Street has Potential to be Night Life Magnet By early next year, Las Vegas will have an auspicious beginning to a downtown entertainment district. But the party will be a few blocks from the official entertainment district the city has struggled to promote for the past two years. 9/18/2004

SoHo Lofts Developer Opens Model Downtown Las Vegas has recenly undergone redevelopment planning, where different "districts" will identify sections of the downtown area.  SoHo lofts, planned to be the first residential high rise downtown, is located in the Arts district. 9/20/2004

Time shares offer insurance for Lady Luck In a possible sign of pioneering redevelopment efforts to come, the Lady Luck owner has taken the unusual step of converting two floors of one hotel tower into time share units. 7/16/2004

 

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