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Pulse
6/20/07 The Las Vegas City
Council approved plans for Pulse, a massive $9.5-billion,
mixed-used development anchored by a 22,000-seat arena,
that integrates approximately 85 acres of downtown land
into the world-famous Las Vegas Strip. The project (code
named Pulse) is to be developed by REI, a Bloomfield
Hills, Michigan-based real estate development firm.
REI acquired the property from TR Las Vegas LLC which is
credited with assembling the over 120 parcels of land.
located just south of downtown Las Vegas. The land
assemblage was previously called "Project Neon Lights"
Tom Prato, President of TR Las Vegas and his partner,
Robert Reel, have worked hard for several years on
this, in an effort to enhance the City.
The project will feature:
- 22,000-seat arena
- 300,000 square feet of gaming floor space
- 6,000 hotel rooms
- over 1.5 million square feet of commercial and retail
floor space
- 3.5 million square feet of office and permanent
exhibition space
- 1,500 condominium units
- 1,600 timeshare condominium units.
"This is the most exciting and dynamic development
corridor in the United States. Our project continues the
Strip experience, anchored at the north end by an easily
accessible and iconic sports arena. This is great for
the City, great for the Strip, and great for the
residents of the Valley,” said Jon Weaver, President of
REI.
Mayor Oscar Goodman said
“We are ecstatic about this project and how it proposes
to change the face of Las Vegas. What more could we ask
for – the City could get an arena that we are in
desperate need of, in addition to millions of dollars of
ancillary development in our burgeoning midtown area,
and all at no risk to the City”.
Renderings of Pulse
Click image to enlarge
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