The Clark County Zoning Commission has approved a new mixed-use development on the Las Vegas Strip. And though the unnamed project will feature two high-rise towers, it will not include a casino.
The plan for the development, which will occupy 10 acres at Las Vegas and Elvis Presley Boulevards south of Fontainebleau Las Vegas, was proposed by developer Brett Torino.
Torino has developed real estate in southern Nevada for four decades and is responsible for 63 CityCenter and Harmon Corner, among others.
Key Highlights
- Developer Brett Torino is buying 10 acres from the LVCVA for $125 million
- The project will include a hotel, condos, an amusement ride, and a domed arena
- The developer wants to cut the code-mandated parking spots by half
Former Riviera Site
Torino does not own the land yet, but a $125 million deal with the Las Vegas Convention and Visitors Authority (LVCVA) is in process.
The LVCVA bought the 26 acres that used to house the legendary Riviera hotel and casino in 2015. Much of that land has been used for the Las Vegas Convention Center’s West Hall.
The 10 acres going to Torino were originally earmarked for a different $120 million project, but that fell through.
The residential tower will have 425 condos, consisting of 162 one-bedroom units, 201 two-bedroom units, 54 three-bedroom units, and eight penthouses. The hotel will contain 750 rooms.
425 Condos & 750 Hotel Rooms
The development’s highlight will be twin 600-foot towers, one for a hotel and one for condominiums.
Local code normally restricts residential towers to 75 feet, but Torino received approval to make this one much taller.
The residential tower will have 425 condos, consisting of 162 one-bedroom units, 201 two-bedroom units, 54 three-bedroom units, and eight penthouses.
The hotel will contain 750 rooms and, as mentioned, no casino.
The other two eye-drawing structures will be a 439-foot-high ride and a 3,310-seat domed performance venue, which some renderings make look almost like a mini-sphere.
It is unknown exactly what kind of ride the former will be, though, of course, construction is still a ways off.
Restaurants, retail, and an outdoor plaza will also be part of the development. The plan right now is to build those in the first phase of construction, as they would be on the west side, facing the Las Vegas Strip.
The hotel, condo tower, amusement ride, and arena would come in the second phase.
Parking Negotiations
One sticking point that was ultimately okayed by the Winchester Town Advisory Board in August was the developer’s desire to slash the number of parking spaces mandated by the code by more than half.
For this project, the code requires 3,027 spots, which the developer wants to cut by 52 percent. They also want to reduce the number of spaces for electric vehicle charging by the same percentage.
The developer believes the reduction is warranted because the LVCVA has determined that only about 50 percent of visitors to the city use cars to get around. They also pointed out that there is a Las Vegas Loop station nearby.
There is no timetable for construction yet. The land deal with the Las Vegas Convention and Visitors Authority states that construction must begin by 2033, but the developer would like to get going sooner.
Las Vegas Strip Changing
The Riviera site project is just one of several that will alter the Las Vegas Strip’s skyline over the next several years.
The most dramatic will be the erection of a 660-foot guitar-shaped hotel tower for the Hard Rock Hotel & Casino Las Vegas. It will replace the iconic Mirage volcano, which was recently torn down.
The Mirage, former home of Siegfried & Roy’s iconic white lion show and Cirque du Soleil’s Beatles-themed “Love” show closed in mid-July and will reopen as Hard Rock in 2027.
At the south end of the Las Vegas Strip, the Tropicana is almost completely gone. All that is left are the two hotel towers, which are scheduled for implosion on October 9.
Unlike many Strip changes, which usually involve the construction of a new hotel or mega casino resort, the Tropicana site will be the site for the future stadium of Major League Baseball’s (MLB) Athletics franchise.
The A’s are nearing the end of their time in Oakland and will play at least the next three seasons in Sacramento while the stadium is being built.
Construction is slated to start in 2025, and the stadium is supposed to be ready for the 2028 MLB season.
Sources
https://www.reviewjournal.com/news/politics-and-government/clark-county/twin-towers-proposal-south-of-fontainebleau-wins-county-approval-3162852/
https://www.reviewjournal.com/business/housing/amusement-ride-performance-venue-planned-as-part-of-new-strip-project-3128572/
https://x.com/LasVegasLocally/status/1831792777107239285
https://www.onlineunitedstatescasinos.com/news/tropicana-las-vegas-implosion-395623/
