The Las Vegas Strip has continued to grow in recent years. Development, however, has been primarily on the north end pushing close to downtown, with last year’s opening of Resorts World, and the 2023 target date for the massive Fountainebleau Las Vegas.
But for the first time in more than two decades, construction has started to grow the Strip towards the south.
Developers broke ground this month on Dream Las Vegas, a 20-story hotel and casino planned across the street from Mandalay Bay and Bali Hai Golf Club. The location will make it the closest Strip hotel to Harry Reid International Airport and the famous Welcome to Las Vegas sign.
“The great thing about this development is that it helps us finish off an important part of the Boulevard that all of us have seen undeveloped for so many years,” Clark County Commissioner Jim Gibson said in a release. “Finally, we have an opportunity to complement all the little things that have been going on, and this is enormous for us.”
Developers hope the hotel brings new life to the southern end of the Strip, and much needed hotel rooms near Allegiant Stadium, home of the NFL’s Las Vegas Raiders, and T-Mobile Arena, home of the NHL’s Las Vegas Golden Knights.
“This project represents a new type of Vegas hotel experience, offering tourists and locals alike a unique boutique hotel option on the Las Vegas Strip,” said William Shopoff, CEO and president of Shopoff Realty Investments, developers of the hotel. “We are thrilled to break ground on Dream Las Vegas and watch as it energizes the southern end of the Strip, while providing countless jobs and revenue for local government.”
Developers are aiming for a late 2024 opening of the hotel which will feature 531 rooms and suites, and seven dining and entertainment options. It will feature a third-floor pool and day club, 12,000 square feet of meeting space, a 5,000-square-foot ballroom, and 20,000 square feet of gaming floor.
State officials are excited about the prospect of close to 4,000 construction jobs, thousands of other jobs when the hotel opens, and the hotel as another attraction for visitors.
“The Dream Las Vegas development is a great investment in our local economy to boost tourism and create thousands of new jobs,” Governor Steve Sisolak said. “I’m excited to see the resort come to life in 2024, offering even more first-class amenities and service, and extending our state’s long history as a leader in hospitality and tourism.”
Development on the southern end of the Strip has been sparse since Mandalay Bay opened in 1999. Hotels like the Cosmopolitan, Aria, and Vdara have filled in gaps along the Strip, but until Dream Las Vegas is built, there has been no push to take things further south.
“This is a reset on the development of Las Vegas Boulevard to finish the work that needs to be done, and Dream is the leader of that reset,” said Commissioner Gibson. “The result is something we’re all going to be proud of.”
While a 20-story hotel is hardly small, it does pale in comparison to other projects, including the 67-story Fountainebleau that will be the largest hotel in the city.
“There is no shortage of mega-resorts in Las Vegas, but there is a lack of boutique hotels that offer a more intimate curated experience,” David Daneshforooz, CEO of Contour, one of the partners on the project, said in a release. “A ground-up Dream hotel with its world-class food and beverage offerings was an obvious choice for a boutique execution on this site and will be a great addition to the Las Vegas Strip.”
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