Construction Activity in Convention Center Neighborhood
Construction Activity LVCVA Neighborhood is robust as supporting infrastructure expands. Do to the expansion of The Las Vegas Convention Center this activity is necessary.
Because of the increased traffic for the World Business Center, centered on the Las Vegas Convention Center, this construction is necessary and appreciated.
Most noteworthy is beginning of redevelopment on Sierra Vista. Construction has started, as projects are completed, we expect land prices to rise significantly.
In addition to the current construction projects on Sierra Vista there are additional major construction projects in the Las Vegas Convention Center Neighborhood.
Consequently and taken together these projects will add significantly to the positive economic impact on the neighborhood.
- Adding Over 20,000 permanent jobs
- Billions of Annual incremental economic impact
- New Public Infrastructure
- New private Infrastructure
higher rents and lower than average vacancy increases the value of any development.
Current Activity on Sierra Vista
Hampton Inn & Home2 Suites by Hilton
In the development area a 250 room Hampton Inn & Home2 Suites by Hilton is under construction
Royal Crest Apartment Homes
A 300-unit multi-unit project has been approved and construction is expected to start sometime this year.
Renaissance Hotel
Activity LVCVA has increased the value of investments in the neighborhood.
In May 2018 the 14 story 548 room Renaissance Hotel 3400 PARADISE RD, corner of Paradise Road and Sierra Vista Drive sold for $177 Million
Convention Center People Mover (Loop)
The Boring Company has been selected by the Las Vegas Convention and Visitors Authority (LVCVA) to enter into exclusive contract negotiations to design, construct, and operate a Loop system for the Las Vegas Convention Center. The South Hall Station is a 5-10 Walk from the development sites.
Metro Police Station Expansion
The Las Vegas Convention Center has approved a 10-million-dollar expansion of the Metro Police Station on the corner of Sierra Vista and Swenson Street. Construction is expected to start in 2019
Other Activity in the Neighborhood
Las Vegas Convention Center
The 1.5 Billion Las Vegas Convention Center Expansion is the epicenter the World Trade and Business Neighborhood
MSG Sphere
18,500 capacity Concert Venue with 593,750 square feet under construction on Sands Ave between Kaval Lane and Manhattan 18.6-acre project site
scheduled to be completed 2021.
- 4,400 permanent jobs once it’s completed
- Major Annual Incremental Economic Impact.
- Within Walking Distance of Sierra Vista Development Sites
Resorts World Las Vegas
Currently being built on an 87-acre site located on the Las Vegas Strip across the street from the Las Vegas Convention Center., Resorts World Casino is expected to bring millions of gambling enthusiasts to Las Vegas.
- Adding 1,000’s of Permanent Jobs
- 3,500 rooms.
- 100 000 square feet of gaming space
- Estimated cost of 3 billion dollars
- Major Annual Incremental Economic Impact
- Connected to Sierra Vista Development Sites by the Las Vegas Convention Center People Mover (LOOP)
- Appeals to a different demographic than projects on Sierra Vista
Drew Las Vegas
Being constructed on a 24.5-acre Site located on the Las Vegas Strip next to the Las Vegas Convention Center>
Scheduled competition 2022
- Adding 1,000’s of Permanent Jobs
- 2,871 Hotel Rooms
- 1,018 Condominiums
- Estimated cost of 3.1 billion dollars.
- Major Annual Incremental Economic Impact
- Connected to Sierra Vista Development Sites by the Las Vegas Convention Center People Mover (LOOP)
- Appeals to a different demographic than projects on Sierra Vista
Majestic Las Vegas
A replacement for the imploded Clarion hotel
Clark County commissioners gave the green light for a 45-story, 720-room non-gaming five-star luxury hotel at 305 Convention Center Drive.
The 6-acre project would also feature restaurants, 10 floors of convention and meeting space, and a so-called wellness medical spa that would offer “executive physicals” where patrons could get nutritional and exercise regimens.
The project, Majestic Las Vegas, is slated to cost $850 million,
The developers Expects to break ground in April or May of 2020 and finish in the first quarter of 2023.
- Adding 1,000’s of Permanent Jobs
- Major Annual Incremental Economic Impact
- Connected to Sierra Vista Development Sites by the Las Vegas Convention Center People Mover (LOOP)
- Appeals to a different demographic than projects on Sierra Vista
LVCC Sale 10 Acres Las Vegas Blvd.
The Las Vegas Convention Center has placed 10 Acres on Las Vegas Blvd up for sale at 30 Million per acre. You can expect a major Billion’s of dollar development on this site.
- Adding 1,000’s of Permanent Jobs
- Major Annual Incremental Economic Impact
- Connected to Sierra Vista Development Sites by the Las Vegas Convention Center People Mover (LOOP)
- Appeals to a different demographic than projects on Sierra Vista