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Project Neon Lights
”Project Neon Lights” is one of the most unique real estate
assemblages in history, containing approximately 56 net acres in
the heart of the City of Las Vegas. It is being offered 50%
below January 2007 appraised value.
The property,
formerly labeled as “Pulse” (by Real Estate Interests Group who
entitled the site) had achieved zoning for a mixed use
development (proposed development photos below) including
gaming, retail, condo, hotels and a 22,000- seat events arena.
This property has +/-17 acres of city-owned streets and
alleyways which previously had been vacated, yielding a +/-73 gross acre
development site. Additionally, our site is located in a city
redevelopment area and had obtained an approximate $600 million
Tax Increment Financing (TIF) package based on the tax revenue
of the future development which was previously approved by the
city. Furthermore, the development has potential for the city’s
assistance in securing bond financing for arena construction.
Project Neon Lights may be acquired in its entirety or in
portions with
joint venture
opportunities and financing options available.
TR
Las Vegas can also introduce major gaming firms who have
expressed an interest to manage operations.
Renderings of Pulse
Click image to enlarge
As the premier real
estate assemblage firm, TR
Las Vegas Group’s primary focus is on the
investment and development of the Las Vegas Strip and
the future of gaming in Southern Nevada.
Hotel and casino development within Clark County’s main
resort corridor over the last decade has been robust
with the appeal ranging from family fun to first-class
adult entertainment. TR Las Vegas’ goal is to provide
mixed-use and hospitality project sites that create land
opportunities to continue this trend well into the
future and promote the overall growth of the local
economy, the Strip, and downtown Las Vegas.
Currently, TR Las Vegas is presenting a unique project
site on the northern end of the Las Vegas Strip next to
the MGM/Dubai/Kerzner future hotel & casino and the
Stratosphere Hotel & Casino recently acquired by Goldman
Sachs!
For more information,
you can contact TR Las Vegas at (702) 478-7000 or log on to
www.trlvgroup.com if you are interested in more details on
Project Neon Lights.
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