The Beach Las Vegas nightclub plan a 600 room Las Vegas condo and casino on Paradise Road, where The Beach nightclub sits. Developing this real estate into full-scale casinos seems to be the next, logical step for Las Vegas gaming development.
The Beach night club on Paradise Road would be elevated and a 600-room high-rise tower and Las Vegas casino would be squeezed onto its 1.25-acre site under a Las Vegas real estate development plan that won initial approval from county officials this week.
With hotel rooms for tourists and condominiums for homebuyers, the as yet unnamed mixed-use project would meld the traditional Las Vegas gaming resort with the valley’s still ever expanding Manhattanization of Las Vegas housing trend.
“It’ll be a true hotel with 300 rooms rented by the night and 300 resort condominiums,” said Greg Borgel, the land-use consultant working on the project for Three Sixty Five, the partnership group that owns The Beach nightclub.
Documents filed with Clark County show Three Sixty Five principal Rick Tuttle and his partners also plan a 20,000-square-foot casino and an 18,000-square-foot restaurant and lounge area in the 39-story building.
Since the Las Vegas condo tower trend began about three years ago, many projects have won municipal approval only to fizzle without adequate financing.
Investment in Las Vegas real estate shows Three Sixty Five has spent time and money on architectural planning, consultants and other pre-deveopment costs indicates they are serious about building.
The Clark County Planning Commission on Monday unanimously approved lifting a height restriction to allow the proposed tower’s 490-foot height, but county commissioners must still sign off on the project next month.
“When there is a limited amount of space on the Las Vegas Strip, you start looking for the best convenient location just off the Strip,” Morgan Joseph gaming analyst Adam Steinberg said. “If done properly, the potential is there.”
Steinberg likened Paradise Road to the development on West Flamingo Road, where the Palms Casino, Rio and Gold Coast casinos operate.
The former Wet ‘n Wild water theme park is on 27 acres accessible from both the Strip and Paradise. Its owner, Archon Corp., has entered a deal for its sale, but the deal is not expected to close for another year. Plans call for a Las Vegas hotel-casino on the site.
Colony Capital, which owns the Las Vegas Hilton, has said it was exploring a master plan for the location which sits on a 59-acre site.
Owners will have to go through a licensing process to place a full Las Vegas-style casino on the site.
Three Sixty Five’s Tuttle and his partners bought the site for $3.9 million in March 1995 and remodeled the building into The Beach Las Vegas night club.
The Beach Night Club
365 Convention Center Drive Las Vegas, NV 89109
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The Beach Las Vegas nightclub plan a Las Vegas condo real estate development by Three Sixty Five group.
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