Earlier this month I received a call from an associate real estate agent who has a client looking for sites in downtown Las Vegas to open their restaurant concept. She has a client who owns and operates restaurants who wants to be in a specific area of Downtown.
I sent her ALL the sites I have listed. Fortunately, I have two properties in this area she is looking at Listed For Sale.
This got me wondering about ALL the things happening in Downtown where Tony Hsieh's Zappos Company is currently moving into the old Las Vegas City Hall building. He is attracting a lot of attention. And, it makes me wonder IF these business people who are following this are truly interested in moving into the downtown east area OR are they thinking of being in a casino along the Fremont Street Experience. My immediate concern is: will they have enough foot traffic to succeed at the Downtown east locations?
From my perspective, more roof tops or housing is needed.
Tony's crew, lately, has been acquiring property at what I believe is below the normal or median price for this area. I have advised my sellers to NOT ask too much IF they truly want to sell; rather ask for just more than the norm and under NO circumstance will I allow them to sell to the flippers.
Hopefully, with this inquiry to you today, we may see more activity in the coming months.
AND - just so you know - the area of the Downtown Redevelopment Project is east of Las Vegas Blvd; US 95 south to Charleston; and Las Vegas Blvd to Maryland Pkwy. Of course, Tony's crew has bought property outside of this area, so anything could happen.
For more Information about any Las Vegas Commercial Investment Real Estate Property, contact David Howes at: davidATdavidhowesDOTnet OR call 70 25 01 93 88
I sent her ALL the sites I have listed. Fortunately, I have two properties in this area she is looking at Listed For Sale.
This got me wondering about ALL the things happening in Downtown where Tony Hsieh's Zappos Company is currently moving into the old Las Vegas City Hall building. He is attracting a lot of attention. And, it makes me wonder IF these business people who are following this are truly interested in moving into the downtown east area OR are they thinking of being in a casino along the Fremont Street Experience. My immediate concern is: will they have enough foot traffic to succeed at the Downtown east locations?
From my perspective, more roof tops or housing is needed.
Tony's crew, lately, has been acquiring property at what I believe is below the normal or median price for this area. I have advised my sellers to NOT ask too much IF they truly want to sell; rather ask for just more than the norm and under NO circumstance will I allow them to sell to the flippers.
Hopefully, with this inquiry to you today, we may see more activity in the coming months.
AND - just so you know - the area of the Downtown Redevelopment Project is east of Las Vegas Blvd; US 95 south to Charleston; and Las Vegas Blvd to Maryland Pkwy. Of course, Tony's crew has bought property outside of this area, so anything could happen.
For more Information about any Las Vegas Commercial Investment Real Estate Property, contact David Howes at: davidATdavidhowesDOTnet OR call 70 25 01 93 88
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.