Harmon and Las Vegas Blvd, Las Vegas, NV
Total Page:16
File Type:pdf, Size:1020Kb
Harmon and Las Vegas Blvd, Las Vegas, NV 63 SLVB, LLC CONTENTS 1 PROJECT SUMMARY Preliminary Project Summary 2 SITE Location & Site Overviews 3 EXISTING CONDITIONS Birdseye View 4 LEVELS Level S: Street Retail Level 1: Bridge Retail Level 2: Upper Retail Level 3: Restaurant 5 RENDERINGS Eyelevel Birdseye Perspective Bridge & Street View 6 VIEW COMPARISON Existing & Proposed Bridge 7 MARKET SUMMARY Las Vegas Market Summary & Statistics 8 DEVELOPER PROFILE Flag Luxury & Brett Torino 63 SLVB, LLC 2 3 LOCATION OVERVIEWLOCATION SITE 63 SLVB, LLC SITE SITE OVERVIEW 63 SLVB, LLC 4 EXISTING CONDITIONS BIRDSEYE VIEW 63 SLVB, LLC 5 6 EL LEVELS LEVEL S: STREET RETAIL LEVEL S: STREET RETAIL 1 SUITE 102 13,900 SF 1 0 ' - 0 " UP UP SUITE UP 101 26,290 SF T " 1 63 SLVB, LLC 6 LEVELS LEVEL 1: BRIDGE RETAIL LEVEL 1: BRIDGE RETAIL SUITE 207 4,915 SF SUITE 206 4,950 SF SUITE 205 5,035 SF SUITE 204 SUITE 4,975 SF SUITE 209 208 400 SF 14,605 SF SUITE 203 5,250 SF SUITE 202 5,210 SF SUITE 201 4,750 SF 63 SLVB, LLC 7 LEVELS LEVEL 2: UPPER RETAIL LEVEL 2: UPPER RETAIL SUITE 307 4,915 SF SUITE 306 4,950 SF SUITE 305 5,035 SF SUITE 304 4,975 SF SUITE 303 5,250 SF SUITE 302 5,210 SF SUITE 301 4,750 SF 63 SLVB, LLC 8 LEVELS LEVEL 3: RESTAURANT LEVEL LEVEL 3: RESTAURANT LEVEL SUITE 401 10,850 SF 63 SLVB, LLC 9 LEVELS BASEMENT LEVEL 0: BASEMENT STORAGE S05 14,113 SF STORAGE S04 5,222 SF STORAGE STORAGE S04 S06 2,849 SF 5,932 SF 63 SLVB, LLC 10 RENDERINGS BIRDSEYE VIEW 63 SLVB, LLC 11 RENDERINGS PERSPECTIVE VIEW 63 SLVB, LLC 12 RENDERINGS STREET VIEW 63 SLVB, LLC 13 RENDERINGS BRIDGE RETAIL VIEW 63 SLVB, LLC 14 RENDERINGS BRIDGE RETAIL VIEW 63 SLVB, LLC 15 RENDERINGS BRIDGE RETAIL VIEW 63 SLVB, LLC 16 RENDERINGS BRIDGE RETAIL VIEW 63 SLVB, LLC 17 RENDERINGS EXISTING & PROPOSED BRIDGE EXISTING BRIDGE VIEW PROPOSED BRIDGE VIEW 63 SLVB, LLC 18 MARKET SUMMARY LAS VEGAS MARKET SUMMARY & STATISTICS 2017 2018 2019 2020 2.2M 980K 56K VISITORS VOLUME 42.2M 42.1M 42.5M 19M PEOPLE EMPLOYEES EMPLOYERS GAMING REVENUE $11.5B $11.9B $12.03B $6.54B LAS VEGAS AREA OVERVIEW ROOM OCCUPANCY 88.6% 88.2% 88.9% 42.1% OVER 19 MILLION PEOPLE VISITED LAS VEGAS IN 2020 AVERAGE DAILY ROOM RATES $129.05 $128.85 $132.62 $120.31 Clark County is home to more than 2.3 million residents. The city of Las Vegas sits at the heart of Clark County and is CONVENTION DELEGATES 7,259,100 6,501,800 6,700,000 1,727,200 internationally renowned as the world capital of entertainment. TOTAL EN/DEPLANED PASSENGERS 48.5M 48.5M 51.4M 22.2M Las Vegas’ gaming, dining, shopping, and business conventions are major attractions for national and international visitors. Las ROOM INVENTORY 147,268 149,158 149,422 143,117 Vegas has approximately 149,422 hotel rooms. Las Vegas is on the tail end of significant long-term growth. The T-MOBILE ARENA region has benefited from billions of dollars of public and private 20K Seats, a multi-use indoor arena on the Las Vegas Strip investment, large-scale infrastructure projects, new casino and opened in April 2016 venue developments, and record-breaking visitation levels. In MSG SPHERE addition to the recently completed expansion of the Mandalay Revolutionary new 18k seat venue for concerts, sports and live entertainment Bay Convention Center and the planned expansion of the Las THE LAS VEGAS RAIDERS Vegas Convention Center (Jan 2021), McCarran International Relocation of the Oakland Raiders is anticipated to create a $600M+ LAS VEGAS CONVENTION CENTER EXPANSION Airport recently underwent a $2.4 billion expansion to increase economic impact, add 450,000+ Las Vegas Convention Center is currently undergoing a $2.5B, incremental visitors, and host 45+ 800,000 square foot expansion to absorb excess demand the airport’s annual capacity by 11 million passengers. events annually $1B PUBLIC WORKS PROJECTS The T-Mobile Arena is home to the NHL Vegas Golden Knights Underway to modernize and expand Las Vegas vehicular infrastructure and hosts over 150 events annually, including hockey games, concerts, boxing, UFC matches, and major award shows. The NHL EXPANSION T-Mobile Arena is the highest grossing arena in T-Mobile Arena hosts over 150 events per year and is the current home of the NHL Vegas Golden Knights the world. RESORTS WORLD Globally inspired cuisine & mixology, LAS VEGAS ACES The Allegiant Arena is a 72,000 seat stadium completed in star-studded residency performances Women’s professional basketball team based in Las Vegas and and engagements with 5k capacity part of the WNBA August of 2020, is the home of the NFL’s Raiders, and the UNLV theatre and retail boutiques. (Est. opening May of 2021) Football team. The venue will also host many other world class LAS VEGAS BALLPARK events and concerts throughout the year. Hosts this Triple-A professional baseball team in Summerlin 63 SLVB, LLC 19 DEVELOPERS PROFILE FLAG LUXURY & BRETT TORINO FLAG LUXURY Flag Luxury is a privately held real estate development company headquartered in New PROPERTIES York City with a primary focus on luxury hotels and residences as well as land-based Hotels & Resorts entertainment and retail projects. Flag Luxury was formed in 1997 by Dayssi and Paul The Ritz-Carlton, NY Nomad Kanavos, who were driven by their passion for luxury hospitality and their desire to The Ritz-Carlton, South Beach bring a forward-thinking perspective to the industry. Our ability to identify, acquire and The Ritz-Carlton, Bal Harbour Resort & Spa Miami build world-class projects in premier gateway city locations has established us as a The Ritz-Carlton, Coconut Grove & Residences leading development company in our industry. The Ritz-Carlton Golf Club & Spa, Jupiter The Shelborne, South Beach The Flag Group of Companies, the predecessor to Flag Luxury, was founded in 1946 by The Wyndham Orlando Resort Peter J. Kanavos Sr. The group planned and developed over $4 billion worth of assets Regent Wall Street – including some of the first Marriott and Holiday Inn Hotels; the Intercontinental Temenos, Anguilla Hotel, Athens; the Sheraton Hotel, Brussels; and the Trade Fair Hotel, Lagos. Today, Retail & Entertainment Flag Luxury – headed by Chairman and CEO Paul Kanavos – proudly carries on the Harmon Corner Retail Center, Las Vegas Flag legacy with imagination and discipline. Through innovative financing, strategic Icon Park and the Wheel partnerships and distinctive architectural execution, Flag Luxury remains at the I-Shops, Orlando forefront of today’s real estate industry. Hawaiian Marketplace, Las Vegas BRETT TORINO Brett Torino has been an active member of the business community and For nearly 4 decades Brett has held a variety of board positions for local philanthropic community in southern Nevada for the past 39 years. and national charitable organizations and is also the founder of the Brett Torino Foundation. The Foundation is recognized for its excellence Brett’s experience over the past four decades in the real estate industry has in providing summer youth programs at Torino Ranch as well as the been in the development of master plan communities, large scale multifamily Brett Torino Foundation Classrooms and Educational Programs within for sale and rental housing complexes, mixed unit residential and commercial children’s hospitals dedicated to children and young adults with critical developments and trophy commercial retail and entertainment complexes illnesses and disabilities. throughout the United States. Brett passionately advocates for and focuses on environmentally related Brett has developed and constructed over $1.5 billion worth of properties projects, and has spearheaded several significant initiatives within within the Las Vegas area, and has been active developing commercial retail Southern Nevada that he has affectionately called home for the past 46 centers for nearly 3 decades on the Las Vegas Blvd, known as the “Strip”. years. 63 SLVB, LLC 20 Harmon and Las Vegas Blvd, Las Vegas, NV FRANK VOLK Managing Principal SRS Real Estate Partners 702.245.0909 [email protected] 63 SLVB, LLC SRS REAL ESTATE PARTNERS 6623 Las Vegas Boulevard S, Suite 390, Las Vegas, Nevada 89119 B.0012288.LLC This information contained herein was obtained from sources deemed to be reliable; however SRS Real Estate Partners makes no guarantees, warranties or representations as to the completeness or accuracy thereof..