With the regulatory groundwork secure, Shopoff, a California-based real estate firm, and its partner, property development group Contour, can now continue with the next steps towards the construction of their joint Las Vegas venture.
“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,” said Shopoff President and CEO William Shopoff.
“We believe that this project will be a stellar example for future development on the south end of the Strip.”
Situated at 5051 South Las Vegas Boulevard on a 5.25-acre lot, the 19-storey Dream Las Vegas will be branded and managed by Dream Hotel Group upon its completion, with the resort and casino set to open in Q3 2024.
It will feature 526 rooms and suites, and boast various amenities including gaming, dining and nightlife venues, as well as a pool deck, retail experiences, meeting rooms and a fitness centre.
Contour CEO David Daneshforooz commented: “As a Las Vegas native, born and raised, I know first-hand the benefits Dream will bring to the Strip.
“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.”
Construction company McCarthy will manage the design and building of the new resort and casino, with excavation set to begin in the second quarter of 2022.
The project is anticipated to bring more than 1,200 construction jobs, as well as 785 staff positions once the hotel opens.
