Construction is to begin on Dream Las Vegas this week after it was confirmed that a groundbreaking ceremony is to be held tomorrow (Friday 8 June).
The venue, developed by Shopoff Realty Investments, an Irvine, California-based real estate firm, and Contour, a privately-owned commercial real estate investment and development group, will be situated on a 5.25-acre plot at the south end of the Las Vegas Strip.
Guests speakers at the ceremonial groundbreaking includes Steve Sisolak, Governor of Nevada, James Gibson, Chair of the Clark County Board of Commissioners, Lisa Cano Burkhead, Lieutenant Governor of Nevada, William Shopoff, President and CEO of Shopoff Realty Investments, David Daneshforooz, Chief Executive Officer of Contour, Jay Stein, Chief Executive Officer of Dream Hotel Group, Michael Lindenbaum, Chief Operating Officer of Dream Hotel Group, and Ross Edwards, Senior Vice President of McCarthy Building Companies.
The final development, slated to open in the third quarter 2024, will include a 20-story hotel with 531 guest rooms and suites, 30,000 square feet of casino space, multiple food and beverage venues, signature restaurant, sports-themed bar and restaurant with its own pool and deck, nightclub, pool and day club, ballroom and meeting space, fitness centre, theatre/screening room, and 825 dedicated parking spaces.
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.
After acquiring the parcel of land in February 2022, the necessary entitlements to progress with the full development of the casino resort were gained in October 2022.
At that time, Shopoff noted: “After working closely with Clark County Board of County Commissioners, McCarran Airport [now renamed as Harry Reid International 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.
“We believe that this project will be a stellar example for future development on the south end of the Strip.”