Advertisement

Group acquires land, building for project in downtown Las Vegas

Bookmark this
October 01, 2019 By Bailey Schulz

A local development group is one step closer to developing a mixed-use tower and 300-room boutique hotel in downtown Las Vegas.

601 Fremont LLC announced last week that it had acquired the land and building at its namesake address. The development group is a partnership between Terry Caudill, owner of Binion’s and the Four Queens, and “Big Daddy” Carlos Adley and wife Ava Berman, owners of the Backstage Bar & Billiards and the Fremont Country Club music venues.

The development is expected to include a mixed-use tower with hotel units, residential units, entertainment, retail space and restaurant and bar facilities. Partners have not been announced, but Adley said the group plans to team up with one of the largest hotel chains in the country.

It “will be completely over the top and the epitome of what has made Vegas Las Vegas,” Adley said. “It will be very grandiose, but more importantly, it will maintain an intimate experience.”

Adley said the partnership started leasing the 1.25-acre site, located at the corner of Fremont Street and Sixth Street, from the city of Las Vegas in 2011. The land includes a three-story, 50,000-square foot building — formerly known as the Sears building — and nearly an acre of surface parking.

The project is set to include all-suite hotel rooms, a convention center, amenities such as an infinity pool and a network that allows guests to gamble online and stream music, according to Adley. He expects the project will bring “a whole new global demographic” to downtown.

“We want to work together as a community with everyone else and … complete the picture for downtown,” Adley said. “To fill in as many gaps as possible with the retail and the living component and adding to the overall lifestyle and culture that is so necessary for downtown as a place to live.”

The group, spearheaded by Adley and Berman, has been developing the concept for about 10 years. It will be working to finalize permits over the next few months before moving forward with construction, according to Adley. He estimates costs will be well over $100 million.

“We’re just bringing Vegas back to Vegas,” Berman said.


Recent Articles

Allegiant Stadium video boards light up in Las Vegas

Allegiant Stadium video boards light up in Las Vegas

in News

With 37 days to go until Allegiant Stadium’s substantial completion date, the Raiders were already running inside the glistening stadium Wednesday. Well, sort of.

June 24, 2020 By Mick Akers

McDonald’s to hire 1,100 workers in Las Vegas Valley

McDonald’s to hire 1,100 workers in Las Vegas Valley

in Food, News

As McDonald’s restaurants begin to expand seating options in their dining rooms, the company said Monday it plans to add 1,100 workers this summer in the Las Vegas Valley.

June 23, 2020 By Tony Garcia

The Vegas Room is the city’s next Cool Hang

The Vegas Room is the city’s next Cool Hang

in News

We have run into an assortment of characters over the years at the Commercial Center of Las Vegas. But never Mr. Bojangles.

June 23, 2020 By John Katsilometes

Circa to begin taking reservations Wednesday; no children allowed

Circa to begin taking reservations Wednesday; no children allowed

Downtown Las Vegas’ Circa resort will begin taking room reservations on Wednesday but won’t be welcoming guests with children.

June 23, 2020 By Richard N. Velotta

Advertisement

Must Read Articles

Allegiant Stadium looking to hire 4.5K part-time workers

Allegiant Stadium looking to hire 4.5K part-time workers

in News

Having a new $2 billion, 65,000-seat stadium won’t mean anything without employees to make sure game days run smoothly.

June 12, 2020 By Mick Akers

Cereal Killerz Kitchen to open Centennial Hills location

Cereal Killerz Kitchen to open Centennial Hills location

in Food, News

Henderson’s The Cereal Killerz Kitchen is preparing to open a second location, in the Centennial Hills neighborhood.

June 23, 2020 By Al Mancini

Californians turned out for Las Vegas’ reopening. Will they keep coming?

Californians turned out for Las Vegas’ reopening. Will they keep coming?

in News

At Harrah’s, masked gamblers cheer after a winning round at blackjack. Others lounge by the pool with a drink in hand, or dine on a $150 steak at one of the property’s finer restaurants.

June 15, 2020 By Bailey Schulz

Eldorado, Caesars merger moving full steam ahead despite pandemic

Eldorado, Caesars merger moving full steam ahead despite pandemic

in News

It’s been almost a year since Reno-based Eldorado Resorts Inc. stunned the casino industry with the news that it was planning to buy Caesars Entertainment Corp. for $17.3 billion to create the world’s largest gaming company.

June 15, 2020 By Richard N. Velotta

Advertisement