Speculation over 251 E Charleston New Construction Tenant

As one of the first and few new, ground-up construction buildings in the Arts District of Downtown since the Economic Downturn, there has been curiosity amongst the population in the greater downtown area about its future use. The 251 E Charleston Blvd building's shell was recently completed this summer by Michael Smoody General Contractors, and features a clean modern geometric design, with rear parking. 

251 E Charleston Blvd

A quick google search revealed no information about the future plans for the approximate 7,000 SF building, which has retail appeal and looks like it would house a future showroom use.  Through discussion with a nearby source, it is revealed that the use is to be for an adult novelty store. There are no signs that say "Coming Soon" or indicators of this future use, that for many in the downtown area, would come off as a controversial use, as the area is striving to become more friendly to live and work in. Some may find the prospect of an adult novelty store coming to their neighborhood as off-putting. 

251 E Charleston Blvd as seen from the front

While there are currently other ground-up construction projects getting underway in downtown currently (including a multi-story condominium project just a few hundred feet to the east of the project off of Charleston) Do you believe that an adult novelty store is the best newcomer for an up and coming neighborhood? 

Tacos Huevos Restaurant coming to the Arts District in Downtown Las Vegas

Los Angeles based restaurant, bar, and nightclub entrepreneur Chris Pike is opening a 1,772 Square Foot quick-serve, taquéria-style restaurant with a few gastronomical twists in the Arts District of Downtown Las Vegas. The restaurant will be located in the Corner Building at 1201 S Main Street, which is a redevelopment project of Main Street Investments II, LLC who purchased the property in August 2015. The corner building is an Art Deco style 10,458 SF concrete and wood truss building, and previously was operated as a furniture store. 

 Why the Arts District? After being introduced to the area by Las Vegas and Los Angeles broker Ryan Misaresh of Simply Vegas Real Estate, Pike immediately saw its potential.

 “I’ve seen this kind of hipification before,” says Pike. “It reminds me of Hollywood or Silver Lake before the renaissance there. Young artists will find a place to create, and most of them can’t afford to do what they do in the higher rent districts. I’ve been a part of that kind of creative energy, and I’d love to be a part of it again.”

 Indeed, he has been a part of it before. Pike was the formation and design force behind such memorable successes as Joya in Beverly Hills, Hollywood’s Las Palmas, The Side Door in Manhattan Beach, and as previously noted, Sangria in Hermosa Beach. Pike was also co-owner of Sutra in Costa Mesa.

 The venue is slated to remain open from 6:00 am to 3:00 am, though these hours are subject to change. The new restaurant will also feature craft beer and wine. Pike's hope is that the up-and-coming area can support an almost 24-hour eatery to gather and enjoy a meal.

 Pike also hopes that a place to grab a quick bite is a business the surrounding area near downtown will embrace.

 Tacos Huevos is slated to open in August. 

0.75 Acre R4 Land Assemblage in Downtown now available

A new assemblage of residential land aimed at developers is now on the market.  316, 324, and 328 N. 9th Street in Downtown Las Vegas was just listed this week on Propertyline and Loopnet. The property up for sale at this time marks an increase in chatter and activity in the Downtown area relating to Multifamily redevelopment opportunities, as new housing stock is in short supply and is in close proximity to the Zappos.com campus and the Ogden condominiums. The properties are available as an assemblage of High Density R4 zoned tear-down residential lots that allow for development within the guidelines of the flexible Centennial Plan. The 316, 324, and 328 N. 9th Street properties are listed by Richard Emanuele and Ryan Misaresh, LEED AP of Team Emanuele at Simply Vegas Real Estate

 

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Eclipse Theater Downtown Goes Vertical

This past week construction has progressed to the point of going vertical, with the first structural steel beams being erected at the site. This stage follows months of site preparation and underground work. Generally structural steel goes up rapidly in a construction project, and will be showing downtowners the general silhouette of the building in a short period of time.

It is rumored that the owner of Classic Jewel, a bar located in the ground floor retail space of the Juhl Condominiums, will be a food / beverage operator when the project is completed.