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Wet N Wild Las Vegas real estate site moved closer to its fate today. Archon Corporation, owner of the site, south of the Sahara Hotel & Casino Las Vegas, announced it had contracted an option agreement to sell 27 acres of Las Vegas Strip real estate to Christopher Milam. A real estate developer from Austin, Texas, Milam will pay $450 million (or $16.98 million an acre) for the closed remnants of the Wet n Wild Las Vegas amusment park, which closed in September 2004.

$16.98 million an acre for Las Vegas commercial land represents a new high for North Strip real estate. Nearby acreage cobbled together by Concord Wilshire for a Maxim Magazine Las Vegas branded casino averaged $9.6 million an acre and the former site of the Westward Ho was recently revalued at $12 million per acre.

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Palms Hotel Las Vegas real estate is unveiling its $40 million pool renovation on July 1, the weekend for 4th of July in Las Vegas, with a wild party featuring the band Camp Freddy. This weekend will also be the 1st anniversary party of 944 magazine. Dave Navarro, a Camp Freddy member, will also play with his former Jane’s Addiction bandmates in their new band, The Panic Channel.

Worship the sun gods at the pool – Palms Hotel Las Vegas opulent outdoor playground featuring, surprisingly enough, two acres of swimming pools. Up to three thousand guests can party in style, enjoying live concerts, DJs and three incredible bars.

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Las Vegas Downtown Fremont Street is in revitalization as key components to the rundown downtown Las Vegas area is being transformed into entertainment venues.

The City of Las Vegas is serious about Fremont Street, between Las Vegas Boulevard and 8th Street, becoming the French Quarter of the West and give it a reputation as a entertainment and music district, even naming it “Fremont East.”

“We really do want it to be like Bourbon Street in New Orleans or Beale Street in Memphis,” said Steve van Gorp, the city’s redevelopment manager in the office of business development. “A real hopping district in the next couple of years.”

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Hip new Cherry Las Vegas Night club at Red Rock Station Casino created by Nightlife entrepreneur Rande Gerber, along with his brother Scott, founders of After Midnight Company, and creators of glamorous restaurants, lounges, and bars across the country, is a hit.

CHERRY, designed in collaboration with The Rockwell Group of New York City, encompasses 8,500-square-feet of cool, luxurious architectural detail with an indoor nightclub and outdoor pool deck. CHERRY’s electric red leather walls, translucent crimson glass doors and compelling mirrored entranceway lead guests into an extraordinary oval shaped venue. In contrast to the mega clubs for which Las Vegas is known, this intimate night club will generate great energy in a compact environment.

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