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The Edge Las Vegas
Five or so years ago, "The Harmon Corridor" actually became a "thing" that people talked about becoming a reality. During the heady optimistic days, a litany of projects were announced for the Harmon Corridor including George Clooney's Las Ramblas, a W resort, a Harley Davidson resort hotel and the Planet Hollywood Westgate Towers (recently renamed the Elara Hilton Grand Vacations Blue Bat Batcave and Hideaway) amongst others. This stretch of east-west would extend the Las Vegas strip from the burgeoning Project City Center all the way to the soon-to-expand Hard Rock.
Faster than you can say "mud shark" the gold rush began with aforementioned projects optioning development rights on Harmon corridor parcels. Nearly everything else in the neighborhood snapped up by Harrah's Entertainment and promptly bulldozed.
Faster than you can say "land grab" nearly all of the previously announced projects pulled their own plugs pulled. Dedicated trippers can still spot the odd "W Hotel" sign tacked to a chain link fence surrounding the plot where their hotel had planned to go vertical.
They're back. Well, at least one group of dreamers. Representatives for SAPIR TIC LLC, ET AL - which could be the same Sapir's who bought 110 acres of land between Mandalay Bay and South Point in 2008 - have petitioned Clark County for permission to develop a Harmon adjacent property in to a large mixed use resort casino project.
The 24 acre project, Edge Las Vegas, is planned to consist of a ~40 story hotel tower containing 1,054 hotel rooms, 2,434 residences and 1,442 resort (time share) condominiums, dining, retail, entertainment, meeting spaces... essentially whole schmear. The Edge Las Vegas, as currently approved by the County, is scheduled to commence construction by January 2014 or else lose their permits.
And here I thought the whole idea of the condosino/casinominium was kaput.
See ya in January 2014!
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Comments & Discussion:
wow cant wait for this to happen
There is already a fairly large lowrise apartment complex in that location. I suspect they will just keep the existing buildings and build a hotel tower/casino in the front.
Some of these projects are just renewing their permits for a few more years; hoping the Vegas economy will turnaround and they can somehow get financing. It is just too painful to realize their entire investment is a loss.
These people are high on crack. (Ooops... so much for getting any of their advertising dollars when they open, LOL). Those that can afford one of these high-rise near-strip condos are probably already gambling at a level where they get comped suites of s similar size. With no other long-term financial commitment or risk.
Also, that area REALLY struggles with low-flying aircraft noise on takeoff on selected days. Think that the train horn at Trump is bad? Wait until people are looking right out their window and into the eyes of departing airplane passengers.
Finally, about 2.5 miles from that location, you can get a nearly 2000 sq. ft. home, 3 garage, pool, nice neighborhood in the $130k range. (Not saying where because I'm eyeing them for myself). At that rate, you can skip the condo, hire a maid and gardener to make sure it is always prepped for you, and get a town car to The Strip and back whenever you want.
Nice to see developers with no ability to finish projects are back grabbing Las Vegas paper headlines.
I always thought that the Harmon corridor made a lot of sense and I think it did for a lot of others, which helped drive some of the buzz, it's a shame nothing got developed there.
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