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

CD Young's Karate in Henderson - Vegas Born From Family and Leadership

CD Young's Karate in Henderson - Vegas Born From Family and Leadership

in Sponsored Content, Best Of News

In 2008, CD Young took a leadership class at Disneyland where he was asked to draw out his dream on a piece of paper. He drew a picture of his future karate studio.

November 14, 2019 By CD Young's Karate

‘Masquerade Show in the Sky’ gave Mardi Gras vibe to Las Vegas

‘Masquerade Show in the Sky’ gave Mardi Gras vibe to Las Vegas

in Entertainment News

Pump a few tanks of helium into a Mardi Gras parade, and the result pretty much would be what Rio guests saw hourly several times a night when the hotel’s “Masquerade Show in the Sky” took flight.

November 14, 2019 By John Przybys

Eyes & Optics treats patients like rock stars

Eyes & Optics treats patients like rock stars

in Sponsored Content, Best Of News

The eclectic mix of furniture and Las Vegas memorabilia gives off a vibe that more feels more like an upscale lounge than a doctor’s office.

November 13, 2019 By Eyes & Optics

Property Brothers design first Dream Home in Henderson

Property Brothers design first Dream Home in Henderson

in Future Las Vegas

Designed without limitations, the first Dream Home by Scott Living is taking shape in the MacDonald Highlands community.

November 12, 2019 By Valerie Putnam Real Estate Millions

Advertisement

Must Read Articles

Circus Circus buyer Ruffin shares vision for Las Vegas property

Circus Circus buyer Ruffin shares vision for Las Vegas property

in Future Las Vegas

Phil Ruffin’s Treasure Island office gives him the perfect space to plan out the future of his newest property.

October 18, 2019 By Bailey Schulz

Get Locked Down in Vegas' #1 Escape Room

Get Locked Down in Vegas' #1 Escape Room

in Sponsored Content, Best Of News

It’s not just about solving the problems in one hour or less, but testing the visitors problem-solving skills, mental finesse and intelligence.

October 31, 2019 By Lockdown Escape Rooms

Barx Parx creating lasting impact on the dog community

Barx Parx creating lasting impact on the dog community

in Sponsored Content, Best Of News

Barx Parx is more than a doggy daycare, but also a destination. They offer kennel-free puppy sleepovers, training and event rentals for nearly any party dog owners can think of to celebrate their four-legged friends.

November 8, 2019 By Barx Parx

Advertisement