$80M Las Vegas Strip Purchase Adds to Resort Corridor Revival

By Larry Henry | Originally published in casino.org | May 2, 2021

A Las Vegas developer who entered an agreement to buy two acres of land on the Las Vegas Strip plans to add restaurants and retail shops at the location. This adds another project proposed for the resort corridor.

The CityCenter complex rises above the west side of the Las Vegas Strip. A multilevel retail and restaurant building is slated to be constructed at the site. (Image: New York Times)

Brett Torino and executives at New York City-based Flag Luxury Group are buying two acres at CityCenter for about $80 million from MGM Resorts International, according to the Las Vegas Review-Journal. The plan is to build a complex with retail and restaurants at the site.

The small parcel is near the The Shops at Crystals mall at the southwest corner of the Strip and Harmon Avenue. Among the luxury shops in the mall are Dior, Cartier, and Gucci.

This location is just south of the Cosmopolitan of Las Vegas.

In 2012, Torino and Flag Luxury opened a retail project on the opposite side of the Strip, according to the newspaper. Called Hawaiian Marketplace, this development includes a Walgreens, a daiquiri bar, a tattoo shop, and more. 

Pizza and Sports Betting

The new project is scheduled to be built at the former site of the Harmon hotel tower. This structurally flawed development later was dismantled, the newspaper reported.

Decades ago, before the area was known for luxury shops, the Tower of Pizza stood in this general vicinity. The Italian restaurant and bar was popular in the 1960s and ’70s among Las Vegas locals, celebrities, and underworld figures. 

Former Tower of Pizza employee Scott Schettler, a longtime Las Vegas oddsmaker and author of the book We Were Wiseguys and Didnt Know It, said customers could order food over the phone while also placing a sports bet.

Resorts World Grand Opening 

The sale on the new project is expected to close by June. When construction is underway, it will become part of a revival on the Strip. Florida-based Arquitectonica is tasked with creating a design that fits CityCenter’s appearance, according to KSNV-TV.

North of this site, the 3,5000-room Resorts World Las Vegas is set to open June 24. Resorts World is on the northwest end of Strip where the now-demolished Stardust Casino once was located. 

These developments are occurring as a nationwide rollout of COVID-19 vaccinations and stimulus checks have boosted tourism in the city.

The $4.3 billion Resorts World is the most expensive project ever on the Strip, eclipsing the $4.1 billion Cosmopolitan. Resorts World will be the first hotel-casino built on the Strip since the Cosmopolitan opened in late 2010. Resorts World is projected to open as a limited-smoking resort, with smoking permitted only in the gaming areas.

Also on the Strip, Las Vegas developer Jackie Robinson, a former NBA basketball player, is planning to build a non-gaming hotel and entrainment complex on 27 acres of vacant land just south of the Sahara Las Vegas. The proposal also calls for a 22,000-seat sports arena. The developers hope to attract an NBA team to Southern Nevada.

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A September Moment with the Founder
In honor of National Childhood Cancer Awareness Month, we are immensely proud of our longstanding partnership of over two decades with @nvccf. Together, we have diligently championed the cause of raising awareness about this illness and have been dedicated to advancing services provided to the children and their families. Over the years, our collaborative efforts have resulted in the development of educational services for children undergoing treatments and the establishment of a refuge through the summer camps at Torino Ranch, where cherished memories are created, offering a respite from the challenges faced by these young fighters. @kariofmanycolors @celenahaas1
School starts on Aug. 7 and the @bretttorinofoundation Education Services of @nvccf is there every step of the way. This program gives diagnosed children the opportunity to continue their education while in treatment, recovery, and post treatment with Brett Torino Foundation Learning Pod at @nvccf, Brett Torino Foundation “Heart of Education” Scholarship, School Re-Entry Team, Advocacy, Back to School in Style, C.A.P.S. PROGRAM, and more.

Please call Mrs. K at NVCCF at 702.735.8434 or email her at nicki@nvccf.org for more information and education support. This program is available to critically ill children (K-12) diagnosed with life threatening illnesses including cancer, HIV/AIDS, sickle cell, renal, blood, and immunologic diseases, their siblings, as well as to children whose parents are diagnosed with cancer and registered with The Caring Place Program.
🎉 Congratulations to @nvccf Jeff, Stephanie, and the entire team! What a remarkable honor, and we couldn't be more proud to collaborate with you on Camp Cartwheel and the BTF educational services and programs throughout the year. Your dedication to the children and the Las Vegas Community is truly commendable. Thank you, NVCCF, for making a positive impact on so many lives! 🙌🏼 #givingback
A round of applause for another captivating camp experience with @sunshinenevadaorg! Immerse yourself in the world of camp I AM and TLC through this informative video, capturing the essence of camp life. While camp may be seen as a typical experience for some children, for those living with autism, it is an extraordinary and transformative journey. From engaging activities to forming meaningful connections with others and nature, both the campers and volunteers have created countless cherished memories. Stay connected with us throughout the year for captivating camp images on our social media, pages and website.
ICYMI: Proud to partner with @saveredrock and other local groups @centennial_subaru @republic_services and more for Lovell Canyon clean up with nearly 100 volunteers. We are committed to the continuous preservation and beauty of our nature lands.
Thrilled to host @Sunshinenevadaorg summer camp at Torino Ranch helping those living with autism, we have waited more than 3 years to see all these smiling faces of the children. Can’t wait to host you all again next year! #givingback
It takes a village to support children with critical illnesses, to wrap services around them, and ensure that they and their families feel deeply supported. Summer camp fun not only brings joy but also instills strength and courage within them, empowering them to face medical challenges throughout the year. Together, we form a close-knit family, united in our dedication to their well-being. ❤️❤️❤️❤️❤️ @nvccf @8newsnow @8newsnowkirsten @kirsten.joyce
Last week, Brett Torino Foundation and @nvccf Nevada Childhood Cancer Foundation held the 27th annual Camp Cartwheel Summer Camp at Torino Ranch for critically ill children diagnosed with cancer, or other life-threatening illnesses. Over the decades many thousands of children have experienced the ranch since 1999, the foundation is committed to those we serve.
It’s beginning to look a lot like 🎄at the ranch. 
#happyholidays #glitteringlights #night #winter #wonderland #holidaylights
Have you visited Lovell Canyon? 🏔

Our team has worked for years with a specialized task force to make this area safe and environmentally healthy. We’re incredibly proud of the clean up and preservation work we’ve achieved. 

Come see this natural wonder!
Hoping your plates and hearts are bountiful today. Happy Thanksgiving 🍁
Now is the time of year for gratitude. What are you grateful for? 
Be kind to one another, the environment, and all living creatures. 🙏