TRLV Group will be at this year’s Cityscape Convention in New York’s Javits Center, Booth D36, September 10th and 11th presenting a unique project site on the Las Vegas Strip next to the MGM/Dubai/Kerzner future hotel & casino and the Stratosphere Hotel & Casino recently acquired by Goldman Sachs!
Please visit www.trlvgroup.com for more details on this development opportunity. Also, TRLV Group and Cityscape wish to invite you to this extraordinary event free of charge, simply log on to www.cityscape-usa.com for your free pass into the event.
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 and is being offered 50% below January 2007 appraised value. The site had achieved zoning for a mixed use development 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 approved for vacation and presented a +/-73 gross acre development site with a blended price of $8.3M per acre. 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 sports arena construction.
Project “Neon Lights” may be acquired in its entirety or in portions with financing options available. We can also introduce potential joint venture opportunities for development or with major gaming firms who have expressed an interest to manage operations.
Please call us at 702-478-7000 or log on to http://www.trlvgroup.com/ if you are interested in more details on Project “Neon Lights”
Filed under: International Real Estate | Tagged: las vegas real estate
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[...] walls, arches and two beautiful terraces placed on the ground and first floor of the building. International Luxury Real Estate report on “Neon Lights,” a 56-acre parcel in the heart of Las Vegas for sale which is [...]