A $400 Million Project to Revitalize North Las Vegas
An ambitious project with a price tag of nearly $400 million is expected to revitalize North Las Vegas. Agora Realty and Management, a leading real estate developer, confirmed its plans to invest in the area and closed escrow on the 73-acre site located at Lake Mead Boulevard and Rancho Drive for approximately $59 million.
The project is planned to use the land that was formerly the home of Station Casinos’ Texas Station and Fiesta Rancho hotel casinos, which were shut down at the start of the pandemic in 2020. The site of the former Fiesta Rancho and Texas Station is expected to be the new home of a mixed-use project that will feature residential units, hotel rooms, and other amenities.
Ryan Lefton, Agora Realty and Management’s chief of operations, revealed that the price tag of the new project is approximately $380 million. The construction is expected to start early next year and be finalized by the end of 2025.
The project, called Hylo Park, gained traction earlier this year after the company submitted a request for rezoning the land from a resort commercial to a mixed-use with the North Las Vegas Planning Commission. The request was greenlighted in August following a unanimous voting of the Commission.
The project is expected to offer more than 660 residential units, along with a childcare center, shops, and recreational and entertainment areas outdoors. Additionally, it is expected to offer 150 hotel rooms, different retail and food and beverage outlets, and two ice rinks.
Ultimately, the project is expected to play a vital role in the revitalization of North Las Vegas by creating new jobs and economic stimulus for the region. Speaking on the topic, Ryan Lefton said: “Through this acquisition, we are thrilled to expand our footprint in the vibrant city of North Las Vegas. We eagerly anticipate contributing to the community and fostering growth and opportunities in this dynamic landscape.”

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