LAS VEGAS – October 22, 2021 – Joint-venture partners, Shopoff Realty Investments (Shopoff), and Contour, announced today that they have successfully secured necessary entitlements for the full development of Dream Las Vegas, paving the way for the next step in completion of a new full-service luxury lifestyle resort and casino. The property is situated on a prime 5.25-acre lot positioned on the south end of the world-famous Las Vegas Strip, at 5051 S. Las Vegas Blvd.
“After working closely with Clark County Board of County Commissioners, McCarran Airport and the Clark County Department of Comprehensive Planning 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. We believe that this project will be a stellar example for future development on the south end of the Strip,” explained Shopoff Realty Investments’ President and CEO William Shopoff.
Branded and managed by Dream Hotel Group, the 19-story Dream Las Vegas will bring 526 well-appointed rooms and suites when complete in the third quarter 2024. Additional amenities will include gaming, dining and nightlife venues, a pool deck, retail experiences, meeting rooms and a fitness center.
“As a Las Vegas native, born and raised, I know first-hand the benefits Dream will bring to the Strip,” said Contour Chief Executive Officer David Daneshforooz. “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.” Daneshforooz continues, “This will be a departure from the mega-themed resort concept, ushering in a new era of hotel/casino design for Las Vegas.”
Spanning both stateside and international locations, Dream Hotels offers on-property dining and entertainment that embody their locales’ distinctive character, from the bustling atmosphere of New York City to the colorful streets of Bangkok.
McCarthy Construction will manage the design and construction of the new resort and casino, with the project set to start excavation in the second quarter 2022. The project is anticipated to bring more than 1,200 construction jobs as well as 785 staff positions once the hotel opens in the third quarter 2024.
Nearby establishments include Mandalay Bay Resort, the new Allegiant Stadium (home to the National Football League’s Las Vegas Raiders), T-Mobile Arena (home to the National Hockey League’s Las Vegas Golden Knights), as well as the numerous hotels and casinos along South Las Vegas Blvd.
