Ron Cadman: A Mixed-Use Project is Adding Even More Pizzazz to Vegas

Virtually everywhere you turn in Las Vegas, you’ll notice that a new construction project is in the works, that one is about to be finished, or that someone is breaking ground on yet another one. This is great news for investors in Alberta, Canada, and the United States who are looking for a mecca for real estate investment, according to real estate investor Ron Cadman of Investar USA. A particularly popular Sin City project that is currently in the works is a novel mixed-use tower right in the heart of downtown Las Vegas.

601 Fremont LLC, a development group in the Las Vegas area, recently announced its acquisition of a building and land that will be used to erect the tower. The existing land spans 1.25 acres and features a building that stands three stories and is 50,000 square feet in size, called the Sears Building. Surface parking spanning almost an acre also exists on the land.

The new tower will feature boutique hotel units that are all suites, as well as residential units. In addition, bar/restaurant facilities, entertainment facilities, and retail space will also be present there.

The project will additionally include a state-of-the-art convention center and various amenities, like an infinity pool. A network will also be included in the mix that will enable guests to stream music and gamble online.

The development group said it would partner with a large hotel chain to make the hotel units the cream of the crop. As a matter of fact, according to the development group, the entire project will have a larger-than-life feel so that it will reflect the spirit of Vegas. However, in addition to being extremely grandiose, the facilities will promote intimate experiences for their guests. This unique project may very well give real estate investors ideas about how they can also capitalize on Vegas’s extraordinary vibe through well-thought-out development projects in the years to come.