Gindi Capital Buys Massive Lot on Vegas Strip
The investor buys a 9.5-acre parcel on the Las Vegas Strip for $172 million with plans to build a new retail and entertainment center.
Gindi Capital has acquired a 9.5-acre parcel on the Las Vegas Strip for $172 million from FX Luxury Las Vegas, an affiliate of Spectrum Group Management. The investor plans to build a retail and entertainment center on the property.
The team has yet to unveil specific plans for the site; however, it will include flagship retail, entertainment and dining experience. The property contains 700 feet of street frontage, doubling the company’s holdings on the high-profile street.
JLL’s vice chairman of retail advisory services Michael Hirschfield and his team will oversee leasing at the new development.