A Small Plot on the Las Vegas Strip Sells for $80 Million

By Eva Ivanova | Originally published in the Gambling News | June 21, 2021


Brett Torino Buys a Small Plot on the Strip for $80 Million

Las Vegas developer Brett Torino started talks to buy a site on the Las Vegas Strip a year ago. Now he has a plot in CityCenter for $80 million and plans to turn it into a retail complex.

Torino, who has worked in Las Vegas since the 1970s, acquired 2 acres in the southwest corner of Las Vegas Boulevard and Harmon Avenue, next to Shops and Crystals (a luxurious mall). MGM Resorts International and its partner in CityCenter complex, Dubai World, a government-owned holding company, sold the small plot. Torino partnered up New York developer Flag Luxury Group on the deal, which was announced on April 26 and closed on June 8.

The site was previously home to Harmon hotel tower and is located across the intersection from Harmon Corner with a three-story retail complex developed by Torino and Flag Luxury. When commenting on the investment, Torino said, “You’re seeing this recovery play out quickly in this market.” Daily life would soon return to normal and Southern Nevada would become the top tourist destination it once was.

Torino plans to build a four-level retain complex, he calls Project63, because he and Paul Kanavos, CEO and chairman of Flag Luxury, were 63 when they named it. However, he said the name could change. The project would span around 200,000 sq. ft. The developers expect to open it by September 2022.

Torino Shared His Optimism for the Strip with Review-Journal

In his interview for Review-Journal, Torino said that the 2 acres on the site are not entirely usable. However, there is the whole “underworld of the CityCenter below the property.” He said that, although the plot is expensive, it comes with a ground level in a well-developed complex with parking utilities, distribution facilities, and more.

Torino said he has known MGM President and CEO Bill Hornbuckle for 40 years, and he asked him for a plot on his site. He connected him with his partner Dubai World and the two parties started discussions. Torino said that he never thought they would sell it.

Torino is optimistic about the future of the Strip. He said that during the pandemic, although they needed help, all of their tenants stayed open. Now the worst is over, and the industry is coming back strong. Torino added that previously they made a third and a half of their usual sales, but now they are back to where they were in pre-pandemic times.

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Thanks Jennifer Ty for launching our April Earth Day Challenge! We love your post and what a clever way to replace grass with wild flowers!! Your yard looks like a green oasis! Keep on loving our planet 🌎!

We invite YOU to join the movement and post your own earth day challenge video! Share your photos and videos with us on any of our social media platforms, and we'll showcase them for the world to see. 📲 Don't forget to invite your friends to join in too! Together, we can create a positive impact and leave a healthier planet for future generations. 🌍 💚

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An April Moment with the Founder
🌎🌿 Lovell Canyon Clean Up 🌿🌎

Join us, alongside Save Red Rock and our community friends, as we come together to remove litter from Lovell Canyon on Saturday, April 20, from 10 am to 2 pm. (Please ensure your arrival by noon, and feel free to depart whenever convenient).

Supplies including bags and gloves will be provided, along with refreshments courtesy of Whole Foods Market. For your comfort and safety, we recommend wearing long pants and closed-toe shoes, as well as bringing along sun protection, a water bottle, etc.

Presented by Brett Torino Foundation
Sponsored by Centennial Subaru

Saturday, April 20, 2024
10:00 AM – 2:00 PM
Lovell Canyon

REGISTRATION IS REQUIRED for participation: 
https://saveredrock.com/earth-day/

Volunteer waivers will be available on-site for signature upon arrival. Please assemble at the Forest Service Kiosk located at the entrance to Lovell Canyon Road, off SR160. Check your confirmation email for additional instructions and details.

We hope to see you there!
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Earth Day is an annual event on April 22nd, dedicated to demonstrating support for environmental protection. First established in 1970, it now engages over 1 billion people in more than 193 countries, coordinated globally by Earthday.org. The official theme for 2024 is "Planet vs. Plastics."
 
At the heart of the Brett Torino Foundation lies the commitment to conserve precious lands like Lovell Canyon, nestled in the Spring Valley Mountain range just West of Las Vegas, NV. Through initiatives like the "Save Lovell Canyon" project launched in 2017, the canyon has become a haven for campers, hikers, bicyclists, and nature enthusiasts.
 
This April, we're extending the celebration of Earth Day throughout the month, and we want YOU to join us! 🎉 Let's show our planet some love by sharing ways we can make a difference and reduce our carbon footprint. 🌱
 
Here are some suggestions to get involved:
 
VOLUNTEER!! JOIN US ON APRIL 20TH, 10AM – 4PM. 

Link: https://www.eventbrite.com/e/2024-lovell-canyon-clean-up-tickets-861058999647

Or some other ‘go green’ ideas:

- 🌳 Plant trees and native plants to decrease greenhouse gas emissions, boost oxygen levels, and provide habitats for wildlife.
- 🐝 Support pollinators by creating habitats and avoiding harmful pesticides.
- 🚶‍♀️ Choose eco-friendly transportation options like walking, biking, or carpooling.
- 🥤 Say no to single-use plastics and opt for reusable water bottles and bags.
- 🌞 Embrace renewable energy sources such as solar power.
- ♻️ Recycle and compost to reduce waste and conserve resources.
 
But that's not all! 📸🎥 We want to see YOUR efforts in action! Share your photos and videos with us on any of our social media platforms, and we'll showcase them for the world to see. 📲 Don't forget to invite your friends to join in too! Together, we can create a positive impact and leave a healthier planet for future generations. 🌍💚
 
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#CelebrateEarth #ReduceReuseRecycle #PlanetLove
🌟 Spotlight Alert! 🌟 Meet Abby, our February shining star! 🌟
 
Abby is the epitome of resilience and talent. 🎭 She recently received the prestigious BTF Scholarship through her dedication and hard work with Nevada Childhood Cancer. 🎗️ But that's just the beginning of her incredible journey!
 
Abby's love for the performing arts knows no bounds, and her performances are truly enchanting. 🎶 Her infectious smile and genuine warmth illuminate every room she enters. 💖
 
Let's give Abby a round of applause for her achievements and for being such an inspiration to us all! 👏 Keep shining bright, Abby! ✨ #Spotlight #BTFscholarship #ChildhoodCancerAwareness #Inspiration @nvccf
🌟 Happy Random Act of Kindness Day! 🌟
 
Let's make today extra special by spreading joy throughout our communities! Whether it's lending a helping hand through volunteering, sharing a heartfelt compliment, or simply being there for someone in need, let's embrace the power of small acts. Together, we can make a big difference! 💖
 
Spread the love by sharing this post and inspiring others to join the kindness movement! Together, let's make the world a brighter place, one act of kindness at a time. #SpreadKindness #ShareTheLove #RandomActofKindnessDay #SpreadLove #Volunteer #KindnessMatters
💖 Happy Valentine's Day! 💖

Today, we celebrate love in all its forms. At Brett Torino Foundation, we believe in spreading love and making a positive difference in the world. And we know that YOU do too! 🌟

Tag someone you love and who shares your passion for giving back. Let's spread love, kindness, and generosity together! ❤️ #ValentinesDay #SpreadLove #GiveBack
A February Moment with the Founder
🌟 Exciting News! 🌟
Join us at Camp Cartwheel, a magical summer camp experience for children battling cancer! 🎗️ Happening June 19-22 at Torino Ranch, this is a chance for these brave kids to laugh, play, and create unforgettable memories.

APPLICATIONS ARE NOW OPEN! 📝 For children and volunteers - Deadline for applications is March 22nd.

Together with Nevada Childhood Cancer Foundation (@nvccf), we're committed to bringing joy and hope. Let's make this summer one to remember! ☀️ Apply now at the NVCCF website. #CampCartwheel #ChildhoodCancerAwareness #SummerCamp2024 🏕️
🌟 We're thrilled to welcome Jessica "Jess" Anderson to the @nvccf team leading the Brett Torino Foundation Educational Services program. With a heart full of passion and dedication, she joins us ready to make a difference in the lives of our incredible children.  Jess has been a CCSD department head and teacher for five years and was recently honored as Teacher of the Year at her school. She has also volunteered at Camp Cartwheel for 12 years hosted at Torino Ranch. Let's give Jessica a warm welcome as we embark on this journey of success in education for our little superheroes! Together, we'll continue spreading hope, joy, and knowledge.🎗️ #Welcome #NewBeginnings #MakingADifference
We are proud to have partnered with @lvmpdfoundation for December Shop with a Cop. We would like to take this time to recognize all police officers who put their lives on the line every day and make our cities a better place to live. We salute you today. 🇺🇸 #NationalLawEnforcementAppreciationDay LVMPD Foundation
Today is #NationalTriviaDay and in honor of Moises "Bee Whisperer" at Torino Ranch - Do you know? 
Q: How do bees make honey? 🐝
A: Honey starts as flower nectar collected by bees, which gets broken down into simple sugars stored inside the honeycomb.
A December Moment with the Founder
🌟✨ Gratitude in Our Hearts, Joy in Our Souls! 🌟✨

#SeasonOfJoy #GratefulHearts #TogetherWeMakeADifference
Loving the warm holiday spirit @lvmpdfoundation  #shopwithacop event -  proud to be a first year sponsor.