Colliers International | Las Vegas Sells ±60 Acres Near the Las Vegas Strip for $130 Million

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Colliers International announced today, Mike Mixer, SIOR, Executive Managing Director for the Las Vegas office represented the sale of ±60 acres near the Las Vegas Strip. The land and apartment parcel is located on the corner of Harmon Avenue and Koval Lane in the heart of the resort corridor.

The $130,000,000 sale includes the Harbor Island apartment complex that sits directly adjacent and to the west of the Hard Rock Hotel and Casino. The property is one of just a few large land sales that have been completed near Las Vegas Boulevard in recent years. The site is perfectly poised for a mix of high-density residential, retail and/or gaming/resort applications.

“Activating this incredible parcel of land, central to the resort corridor, will be exciting to watch over the next couple of years,” said listing broker Mike Mixer, SIOR, executive managing director of Colliers International’s Las Vegas office, “We can’t wait to bring some exciting new uses to the Strip area.”

The new owners, Nevada Development Associates VI LP, Et.al., have said, they are “excited to purchase a core asset in Las Vegas with tremendous potential and a rich history of development approvals” and that they look forward “ to maximizing the potential of this very well-located site.”

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