LAS VEGAS (KTNV) — A new luxury mixed-use development may be coming to Las Vegas Boulevard.
Clark County commissioners on Wednesday approved plans for the complex, which would be built on 10 acres at the intersection of Las Vegas Boulevard and Elvis Presley Boulevard, at the north end of the Las Vegas Strip.
The project would include two towers, each about 600 feet tall: one with a 750-unit hotel and the other with 425 apartments, according to consultant Nancy Amundsen.
“We asked that they have short-term and long-term capabilities, because the reason is that people who come to the convention center might stay a little longer. Some people might come to Las Vegas and want to stay a little longer,” Amundsen said in a presentation to the Winchester Town Board last month. “We are also looking at operating the condo towers under an HOA-type management structure, perhaps as second homes, and renting them out for periods of less than 30 days.”
In addition to these units, the complex will also include restaurants, a 3,310-seat theater, a pool and a 439-foot amusement park ride.
“They don’t know exactly what it is yet, if it’s going to go up in the air and spin around or something like that,” Amundsen said. “They’re calling it a ride. And there’s a plaza around this venue because everything below here is going to be parking. And the plaza is why they’re requesting outdoor dining because they’re going to have events on the plaza.”
As for parking, the developers noted that due to different transportation modes in the city, the project will not require as much space as other projects.
“Every year the LVCVA puts out a booklet about where people are coming from, and among many other things it talks about transportation and the types of transportation used on the Strip,” Amundsen explained. “Every year they notice a steady decline in the number of people driving. The number of people using Uber/Lyft is increasing. Taxis are declining somewhat. Additionally, there is bus service along the Strip. The Boring Company is coming and doing construction work.”
Mr Amundsen said there has been a 50% drop in people coming here by car or in their own vehicles.
But during the Winchester meeting, several local residents said parking is a big reason many people avoid the Strip District.
“That’s the first thing they say: If they have enough parking for what they’re selling and they want people who live here to come, I know the people who live in my apartment complexes will come and tour it, but they wouldn’t come otherwise because they know the apartment complex has parking,” said local Mary Weiss. “So all of a sudden, whoever bought this property is trying to cut down on parking? How many people are going to come by car and want to stay in a hotel? It seems like they’re always cutting down on parking.”
Ordinances state the new complex must have just over 3,000 parking spaces, but the developer is considering reducing that to about 1,600.
Amundsen said the project also includes revamping Las Vegas Boulevard.
“The southern entrance to the project will remain intact. The main entrance will be along Elvis Presley Boulevard.”
Commissioners unanimously approved plans for the project.
“This is great news for the north side of the Strip and I look forward to working with you and the architects over the next few years,” Commissioner Tick Segerblom said.
This could also include approval for a footbridge in the future.
“But now, (the LVCVA) is working with the owner and wants to build a bridge over Elvis Presley Boulevard,” Amundsen said. “I just wanted to make sure everyone knows that the bridge is proposed in the application, it’s not part of the application.”
At the time of publishing, no construction timeline or budget had been announced.