condos near south point casino las vegas

A week later, the company announced “the purchase of the first phase” of Urban Village and an outline of the project. The vacant 13.6-acre parcel that Gaughan acquired last month, for $7.05 million, was supposed to be part of Urban Village Las Vegas, a proposed 50-acre, $1.5 billion residential and commercial project at Las Vegas Boulevard and Pyle Avenue.Ĭentex Destination Properties, part of former homebuilder Centex Corp., bought the 13.6-acre chunk in fall 2005 for $35 million, county records show. South, some six miles south of the Strip.Įfforts to speak with a South Point representative this week were unsuccessful. But it’s yet another expansion effort by Gaughan, who in the past eight years has added, among other things, casino space, bowling lanes and a third hotel tower to South Point, located at 9777 Las Vegas Blvd. It seems unlikely that hotel guests would notice the project. Clark County commissioners in March approved plans for an outdoor, equestrian staging area for South Point – which has a 4,600-seat equestrian arena and hosts bull-riding contests, horse shows and other events – and a new 28,800-square-foot maintenance building with carpentry and auto-repair shops.

31 and was a steep discount from what prior owners paid during the real estate bubble a decade ago.Īltogether, Gaughan’s new parcels form an L-shape of sorts that extends south of the casino-resort along Interstate 15.

Property records indicate that Gaughan bought 29.4 acres near South Point for $17.1 million since early last year. South Point owner Michael Gaughan has snapped up additional land around the Las Vegas hotel, including part of a site where investors sought to build a billion-dollar, boom-era project that never materialized.

Condos near south point casino las vegas