New owner to give Las Vegas Main Street buildings a face-lift
A cluster of buildings in downtown Las Vegas that includes the former home of Gamblers General Store is getting a face-lift in the coming months and is being dubbed “Intersection.”
The four buildings, located where South Commerce Street and South Main Street split, will have a modern look that still pays homage to the area’s history as a railroad town, according to Colliers International broker Chris Clifford. Clifford is developing the property with partners Robhana Group Inc. and Partners Capital.
“People have been cooped up for so long that they need better experiences,” Clifford said. “They want something that’s new and unique.”
The developer, who is also handling the leasing for the property, said the team has already seen interest from local hospitality groups as well as a distillery concept though leases have yet to be signed.
Plans for the design are still underway but Clifford said visitors can expect to see some landscaping and a common area.
“It’s time to put some green back in that area,” he said. “We’re really excited to make it a place that people are excited about and want to hang out at and enjoy a cup of coffee, maybe a cocktail.”
Forging ahead
Clifford and his partners purchased the site at 800-818 S. Main St. in April. The four buildings range from about 6,200 to 14,340 square feet and is about a half-mile from the Arts District.
The landlord is offering tenant improvement allowance and free rent incentives, according to the property’s marketing materials.
Clifford said the property became available in January but noted he was a little apprehensive by the time April rolled around, citing the novel coronavirus and its subsequent impact on local businesses and the economy.
“When we were sitting there in April making a decision to move forward on this project, we all looked at each other and were like, ‘Yeah, it’s going to be a bit tough for the first couple of months but you know, we do this right it’s going to be a keystone piece,’” he said. “It has nothing but potential.”
Intersection will join a number of other neighboring developments such as the under-construction ZLife Hotel and the mixed-use space project The Herbert as well as about 600 new apartment units being built near Symphony Park.
Clifford said the site’s design is being finalized but he anticpates the project to be completed and leased by the end of 2021.
Contact Subrina Hudson at shudson@reviewjournal.com or 702-383-0340. Follow @SubrinaH on Twitter.