Shopoff Realty Investments, an Irvine, California-based real estate firm, and Contour, a privately-owned commercial real estate investment and development group, have received the necessary entitlements to progress with the full development of the Dream Las Vegas casino resort.
This enables the duo to enter the next stage towards completion of the venue, which will be situated on a 5.25-acre plot at the south end of the Las Vegas Strip.
Branded and managed by Dream Hotel Group, the 19-story Dream Las Vegas will bring 526 rooms and suites when complete in the third quarter 2024.
Additional amenities will include gaming, dining and nightlife venues, a pool deck, retail experiences, 12,000 square feet of private meeting and event space, a full-service spa, and fitness center.
“After working closely with Clark County Board of County Commissioners, McCarran Airport and the Clark County Department of Comprehensive Planning we are pleased to have been able to secure entitlements for Dream Las Vegas that are mutually beneficial to Clark County as well as our partnership,” explained William Shopoff, Shopoff Realty Investments’ president and CEO.
“We believe that this project will be a stellar example for future development on the south end of the Strip.”
McCarthy Construction will manage the design and construction of the new resort and casino, with the project set to start excavation in the second quarter of 2022.
The development is anticipated to bring more than 1,200 construction jobs, in addition to 785 staff positions once the hotel opens in the third quarter 2024.
“As a Las Vegas native, born and raised, I know first-hand the benefits Dream will bring to the Strip,” said David Daneshforooz, Contour CEO.
“Dream Hotel Group will bring the same magic to Las Vegas as they have to their other locations – a curated entertainment destination in a well-designed intimate environment for both locals and visitors to enjoy.
“This will be a departure from the mega-themed resort concept, ushering in a new era of hotel/casino design for Las Vegas.”
Nearby establishments include Mandalay Bay Resort; the Allegiant Stadium home of the National Football League’s Las Vegas Raiders; and the T-Mobile Arena, home to the National Hockey League’s Las Vegas Golden Knights; as well as the numerous hotels and casinos along South Las Vegas Boulevard.