LAS VEGAS-A 4.9-acre land assemblage here abutting the west sideof Interstate 15 about two miles west of the Las Vegas Strip iscoming to market. The three different ownership groups are lookingto sell as one their six contiguous parcels along Westwood Drivefor $29.22 million, or just under $6 million per acre.

The properties are part of the Clark County Mixed Use OverlayDistrict, which allows for development of high-rise projects withno height limits with a special use permit and allows for greaterthan 50 units per acre. Marcus & Millichap's Tom Hedgecock, whois marketing the assemblage with M&M investment specialistRobert Butler, tells GlobeSt.com the property could support twomillion sf of residential, retail and office development with 25%site coverage given a 50-story building.

“There's also another five acres on the market immediately southof this assemblage; I think eventually somebody will want it all,”Hedgecock says. “We have had contractors agree to build it andpeople that would finance the entire project. We just need anentrepreneur-developer that would put the whole thingtogether.”