Red Rock Residences at Red Rock Resort Las Vegas by Station Casinos has scrapped a Red Rock real estate high-rise condominium development in Summerlin Las Vegas after the company’s partnership with a pair of Las Vegas condo developers dissolved.
Scott Nielson, Station Casinos‘ chief development officer, said Wednesday the company is looking at various alternatives for the five-acre parcel in Summerlin Centre, south of Red Rock Resort Las Vegas and near a planned outdoor shopping mall.
However, he didn’t count the Red Rock Residences condo project out of the picture.
“We need to consider what is the best use for that site,” Nielson said. “We’re not saying the condos won’t be built, but we have to consider all our alternatives for that real estate.”
“We had about 3,000 expressions of interest so we know the Las Vegas luxury condos are a viable concept,” Nielson said.
Nielson couldn’t give a time table on any decision about the Las Vegas new condos for sale. Station Casinos has several real estate development opportunities throughout Las Vegas and in Reno.
The company has said publicly its next project would be the $450 million Aliante Station in North Las Vegas.
Station Casinos is also interested in developing its two sites in Reno, one near the convention center and another on the highway toward Mount Rose.
The company recently began construction of a 150,000 square-foot corporate headquarters behind Red Rock Casino Las Vegas.
In addition, Red Rock Hotel Las Vegas second phase, 450 hotel rooms and an expansion to the Red Rock Resort Spa, are expected to open early next year. Additionally, construction has started on the property’s bowling center.
The $925 million Red Rock Casino Las Vegas opened in April.
Under the initial plans, announced last year, Las Vegas developers Steven Molasky and Steven Cloobeck planned to build twin 300-unit Las Vegas luxury condominium towers on the Red Rock real estate.
Source: LV Review Journal
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Red Rock Residences luxury condos at Red Rock Resort Las Vegas has been scrapped.
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