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18 Fremont

Discussion in 'Downtown Hotels & Casinos' started by hail2skins, Apr 12, 2018.

  1. hail2skins

    hail2skins High-Roller

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    Five Hundy providing a few more details on his Twitter regarding 18 Fremont......notably, that the casino will be 118,000 square feet, which is comparable to the casino at Wynn and would be by far bigger than any of the existing downtown casinos. I assume Tim will discuss more of these details on his podcast over the weekend:

    https://twitter.com/fivehundy/status/984229403596152833
     
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  2. woodsie

    woodsie High-Roller

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    That's pretty wild. I did a rough Google Earth measurement and it looks like the entire 18 Fremont block is barely 118,000 square feet to begin with. I wonder if that means a facility with restaurants and other venues on the second floor.
     
  3. bubbakitty

    bubbakitty Doing tirement again and happily so....

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    It could be a multi-level casino floor set up. 25,000 sq ft on one floor and 90,000 on the other. Just guessing.
     
  4. blissfulignoramus

    blissfulignoramus Low-Roller

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    I'm guessing this is coming from permit applications? Maybe at this stage they just want to max out their allowance, giving themselves as much room as possible in these early stages of planning.
     
  5. blissfulignoramus

    blissfulignoramus Low-Roller

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    25K sq ft sounds about right for the high-limit Sigma Derby Salon on the second floor.
     
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  6. woodsie

    woodsie High-Roller

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    OK, 25,000 SF casino on the top floor of the hotel tower with panoramic views please. :D
     
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  7. mikel123

    mikel123 Low-Roller

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    Don't forget he also bought the land between the Plaza and Ogden so he could have some more gaming space on that side as well.
     
  8. SH0CK

    SH0CK Stylin' and Profilin' Quasi Tech Admin

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    That's been reported where the parking garage will go.
     
  9. mikel123

    mikel123 Low-Roller

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    That entire piece of property will be a parking garage? Interesting. I figured they would do something like at The D where there is usable space on top.
     
  10. tee6395

    tee6395 Tourist

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    No matter how you slice it...I can't wait for a new property to lose my $$$ at downtown! LOL!
     
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  11. Hyperfocal

    Hyperfocal High-Roller

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    There might be some use of the land next to Plaza to build a pedestrian-friendly connector to the Symphony Park area, especially since the Stevens brothers own the only land there zoned for gaming, conveniently right on the other side of the railroad tracks.
     
  12. blue808

    blue808 Tourist

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    Also, the Stevens brothers have successfully lobbied for a new freeway off-ramp that will run directly into W. Ogden Ave., right past their new parking structure and directly into downtown.

    Re-posting an excellent overview of the Stevens brothers purchases and potential projects downtown...

    https://vitalvegas.com/derek-stevens-land-buy-downtown-vegas/
     
  13. Guy

    Guy Low-Roller

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    If it was me designing the property I'd be tempted to have the two plots either side of Main Street connected by more than just a walkway (as MSS and The Cal are) but have a full width building over the road (maybe only one storey tall).

    Then people can park/valet on the Plaza side of the street and go straight up an escalator into an area with a casino or restaurants (or pool) which merges seamlessly with the plot on the Fremont Street side.

    Also, if something gets built the other side of the railroad tracks something similar can be linked in to form a massive single structure from Binions to Symphony Park/World Markets.
     
  14. gambler

    gambler VIP Whale

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    I recall reading that when you first posted it. Thanks for the re-post.

    It makes a lot of sense re-reading it now. Derek and Co. are in an enviable position, especially when the ramp gets built. They have lots of options owning all that land. It will be interesting to watch downtown evolve.
     
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  15. hail2skins

    hail2skins High-Roller

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    Five Hundy has a few more specifics on Twitter from the permits. Casino proposed to be multi-level, pools on fourth and fifth floor, rooftop bar. Includes some basic tower renderings,

    Tim also tweeted that 777 rooms are anticipated in the tower.

    https://twitter.com/fivehundy
     
    Last edited: May 2, 2018
  16. mikel123

    mikel123 Low-Roller

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    Hmm, I wonder if that means there will be only 1 tower. That 777 number would still put them way below the room count at Golden Nugget (2,419) and still below Plaza (1,033) and the Cal (781).
     
  17. smartone

    smartone VIP Whale

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    That'll look nice downtown!
     
  18. Guy

    Guy Low-Roller

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    Surprised at the low number of rooms.

    My guess is that the rooms will be larger than the Downtown average with an associated higher price, and they are leaving room in the design for a second tower at some time in the future.
     
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  19. smartone

    smartone VIP Whale

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    John Ascuaga of the Sparks Nugget once told me, "what's the first thing you do before you build your first tower?" I said, "I don't know, what?" He replied, "know where the heck you're going to build your second!!!"
     
  20. The Rumor

    The Rumor VIP Whale

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    Makes sense - let the market absorb your inventory, and use the cash flow of the first tower + amenities pay for the second one