Fremont Street Development Details

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lease join us and be a part of historic downtown Las Vegas and our entertainment district devoted to downtown Las Vegas. The six-block Fremont East entertainment district, cur-rently under development, is located along historic Fremont Street between Las Vegas Boulevard and Eighth Street.

In much the same tradition as the Gas Lamp District (San Diego), Bourbon Street (New Orleans), Beale Street (Memphis) and Bleecker Street (Greenwich Village, New York City), Fremont East is quickly becoming a uniquely Vegas spin on live music, cocktails, comedy and other entertainment. Because of Las Vegas’ trademark ability to create synergy with top entertainers worldwide—and our position as a global tourism crossroads—Fremont East is poised to become singularly successful. Its non-gaming restrictions will complement downtown gaming properties and attract a different clientele as well.

Fremont East is composed of 35 parcels with 23 owners. In partnership with the city, the Downtown Entertainment Corporation is actively pursuing streetscape improvements, marketing and branding plans for the district, valet parking, and new development propos-als for parcels within the district. The city facilitates the district’s growth by fielding ideas from developers, attracting potential new land owners, providing funding to finance façade renovations, and working closely with new ventures. As of January 2007, ten nightclubs and cocktail bars are already operational, and three more are due to open this year. Innova-tive ventures with national and global scope are also being pursued.

PDISTRICT

The enclosed information will provide you with greater details on the Fremont East District. For your personal tour of the district or more information, please call Rich Atkins at (702) 229-6551.

remont Street Experience in downtown Las Vegas is host to, on average, approximately 21 million visitors annually. In addition to high-tech multimedia shows projected daily onto the canopy over the casino corridor, Fremont Street Experience increasingly hosts exclusive music and lifestyle events. From its nationally broadcast New Year’s Eve event, to car shows and regularly-scheduled live band performances, Fremont Street Experience has become an entertainment force in down-town Las Vegas. Fremont East is well positioned to draw from the millions of visitors downtown, as well as new residents of several luxury condominium developments under construction.

Like many other growing metropolitan areas, downtown Las Vegas is home to a number of luxury condominium projects. As of January 2007, more than 16,000 mid- and high-rise units are envisioned. Units in these developments range from $250,000 to more than $1 million, attracting an influx of new spending power, as well as the need for lifestyle developments. You are not alone in your interest; real estate developers and investors across the country and around the world are reviewing Fremont East for potential projects.

F

Residential Condo/Loft ProjectsUnder Construction

Allure Las Vegas: 41-story luxury condominium tower offering premium views in 428 units; from the $400,000s

Fremont Street Lofts: 50 units designed by Houston architect Larry S. Davis featuring his signature design; Structures clad in brightly colored corrugated steel; from the $260,000s

juhl Lofts by CityMark: 341 lofts in six to 15-story towers; from the $400,000s to $700,000s

Newport Lofts: 23-story, mixed-use development; 14 floors of high-end lofts ranging from the $300,000s to $1 million

Soho Lofts: 16-story tower with 120 units, including eight pent-house suites; from the high $400,000s

Streamline: 275 units in a 21-story luxury tower; from the low $400,000s to $1.3 million

Where the Next Generation of Hip Will Live, Work, & Play

DISTRICT

he city of Las Vegas and Fremont East property owners have committed $5.75 million through a public-private partnership toward a major streetscape installation to support the entertainment district. This expansive streetscape will include pedestrian-friendly street redesign, landscaping and retro neon signage. The city is capitalizing on popular nostalgia by reviving the old glamour of vintage Las Vegas. This installation is scheduled to begin in January 2007 and be completed by July 2007.

Equally exciting is the new six-block streetscape program that will include gateways, neon median signage, expanded sidewalks, valet parking, banners and historic markers in a retro 1950s vintage Vegas style. The city of Las Vegas also is partnering with businesses to offer up to $95,000 from the Visual Improvement Program (VIP) for façade improvements and neon signage. Combine the VIP grant funds with a reduced permit fee for a tavern-limited liquor license and the financial incentives for nightclub owners can amount to $135,000!

T

New Venues and VIP Program Participants

Beauty Bar: Bar featuring retro 1960s beauty parlor theme. Concept popularized by Sex And The City.Celebrity: Private and public live-music shows. Hennessey’s Tavern: Traditional Irish pub. Hogs & Heifers: Popular New York “bikers and babes” bar. Mickie Finnz: Beach-themed restaurant and bar. Sidebar: Swanky wine/cocktail/cigar bar. Take 1 Nightclub: Movie theme with Cajun fare. Triple George: Upscale San Francisco bistro.

Venues Set to Open in 2007The Griffin: Cozy lodge atmosphere.Downtown Cocktail Room: Upscale neighborhood gathering place. Brass: Jazz lounge and live music venue above Hennessey’s Tavern. V’s Choc’let City: Cajun/Soul Food inspired restaurant and live

music venue. Kismet: An urban-styled music club catering to acoustic and indie rock acts.

How Las Vegas Spells S-Y-N-E-R-G-Y

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PROPERTYINFORMATION

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DISTRICT OWNER ID PROPERTY OWNER

1, 1A, 1B & 1C ARTEMUS HAM III AND ARTEMUS HAM II TRUST

2, 2A, 2B, 2C EXBER, INC. 2D & 2E

3 & 3A MELE PONO HOLDING CO.

4 & 4A T-BREO II, LLC

5 PREMIER TRUST

6 NATIONWIDE CHECK CASHING SERVICE, INC.

7 CITY OF LAS VEGAS

8 AT & T OF NV, INC.

9 EMBARQ, INC.

10 EDEN, L.P.

11 STREAMLINE TOWER

12 RICHARD STURMAN

13, 13A & 13B DARIO PINI

14 JUSTEN & STEPHANY MARTINEZ

15 750 FREMONT, LLC

16, 16A & 22 DOWNTOWNER 1999 TRUST AND MATTHEW PINJUV ET. AL.

17 7TH STREET PROPERTIES, LLC

18 FERGUSON FAMILY TRUST

19 GENEVIEVE S. RAMIREZ TRUST

20 ROBERT M. SEARS

21 SHREE GANESHA, INC.

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Note - The information included in this property profile is for informational purposes only and is accurate to the best of our ability. It is not to be used for anything other than basic informational purposes and is not to be relied upon. For more specific information on the subject property, please contact the person and/or organization listed above.

DISTRICT

Property Owner ID - 1 & 1A APN - 139-34-611-004 & 005

Property Owner (s) - Artemus W. Ham III and the Artemus W Ham III TrustProperty Address - 500, 506 Fremont St. Contact Information - Artemus W. Ham III 2008 Gray Eagle Way, Las Vegas, NV 89117 Local Phone Number - (702) 696-1537

Property Description - Property 1 is 500 Fremont St. and is a parking lot lo-cated on the northwest corner of Las Vegas Boulevard and Fremont Street. It is approximately 0.233 ac (10,150 sf). Property 1A is 506 Fremont Street and is ap-proximately 0.07465 ac (3,252 sf). Current tenants are a watch/souvenir store and a convenience store.

500 FREMONT ST.

506 FREMONT ST.

512 & 514 FREMONT ST.



DISTRICT

Property Owner ID - 1B & 1C APN - 139-34-611-007 & 008

Property Owner (s) - Artemus W. Ham III and the Artemus W Ham III TrustProperty Address - 512, 514, 516 and 518 Fremont Street Contact Information - Artemus W. Ham III 2008 Gray Eagle Way, Las Vegas, NV 89117 Local Phone Number - (702) 696-1537

Property Description - Property 1B is 512 & 514 Fremont St. and is currently leased. The future tenant will be Downtown Grounds and Liquid Lounge. Ex-pected opening is fall 2007. Property 1C is 516 and 518 Fremont St. and is cur-rently leased as a luggage store and a mini-mart.

600 FREMONT ST. - CASINO


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Property Owner ID - 2, 2A, 2B & 2C APN - 139-34-612-004 139-34-611-002, 003 & 010

Property Owner (s) - Exber, Inc.Property Address - 600 Fremont St. (Casino) and 107 N. Sixth St. (Hotel)Contact Information - Mike Nolan, General Manager - El Cortez Hotel & Casino 600 Fremont Street, Las Vegas, NV 89101 Local Phone Number - (702) 385-5200

Property Description - Property 2 is the main property for the El Cortez Hotel and Casino. Exber, Inc. is the largest property owner within the Fremont East Dis-trict. El Cortez has undergone under $11 million in renovation and is spending an additional $6 million in 2007 for new signage, a new entry from Las Vegas Boule-vard and a renovated porte-cochere. Properties 2A, B, & C will become the new entry from Las Vegas Boulevard into the El Cortez.

107 N. SIXTH ST. - HOTEL

520 FREMONT ST.


DISTRICT

Property Owner ID - 2D & 2E APN - 139-34-611-009 & 020

Property Owner (s) - Exber, Inc.Property Address - 520 Fremont St. and 620 Fremont StreetContact Information - Mike Nolan, General Manager - El Cortez Hotel & Casino 600 Fremont Street, Las Vegas, NV 89101 Local Phone Number - (702)-385-5200 (Office)

Property Description - Property 2D is 520 Fremont St. and is currently vacant. The building is three stories with each floor approximately 9,500 sf. Building was a JC Penney store and the second floor was open to the first floor. Previous tenant installed new floor to separate the first and second floors. Third floor is currently used by the El Cortez as accounting offices. Property 2E is a vacant parking lot and is approximately 16,247 sf. It would be a good site for a five story mixed use project.

620 FREMONT ST.

105 SOUTH LAS VEGAS BLVD.


DISTRICT

Property Owner ID - 3 APN - 139-34-601-002

Property Owner (s) - Mele Pono Holding CompanyProperty Address - 105 S. Las Vegas Blvd. (commonly referred as 501 Fremont St.)Contact Information - Rosemary Shoong 515 S. Florence Ave., Sandpoint, ID 83864 Local Broker Phone Number - Frank Elam, Vegas Valley Commercial (702) 768-8853

Property Description - Property 3 is the southeast corner of Las Vegas Boule-vard and Fremont Street. Two nightclubs will be opening by the end of Jan. 2007 (The Griffin and Downtown Cocktail Room). Another nightclub (Kismet) is ex-pected to open in Summer 2007, fronting Las Vegas Boulevard. The corner loca-tion is available as a nightclub space and is approximately 5,700 sf. This space is the prime downtown location for an entertainment venue. Current tenants in-clude Joe’s Pizza, Kabob Korner, LV Tattoo & Souvenir, and The Griffin.

continuedProperty Owner ID - 3 APN - 139-34-601-002

505 & 507 FREMONT

501 FREMONT ST.



124 S. SIXTH ST.


DISTRICT

Property Owner ID - 3A APN - 139-34-611-051

Property Owner (s) - Mele Pono Holding CompanyProperty Address - 124 S. 6th St. Contact Information - Rosemary Shoong 515 S. Florence Ave., Sandpoint, ID 83864 Local Broker Phone Number - Frank Elam, Vegas Valley Commercial (702) 768-8853

Property Description - Property 3A is 124 S. Sixth Street and is home to a small motel and a variety of service businesses such as hair salon, clothing store, medi-cal records management company, insurance company and a Western Union. Property is the northwest corner of Sixth Street. and Carson Street. Parcel is 0.32911 ac. (14,336 sf).

continuedProperty Owner ID - 3A APN - 139-34-611-051

124 S. SIXTH ST. (view from Carson Street)


124 S. SIXTH ST. (view from Carson Street.)

517 FREMONT ST.


DISTRICT


Property Owner (s) - T-BREO II LLCProperty Address - 517 Fremont St. Contact Information - Michael R. Treanor, Managing Director 1500 Broadway, Ste. 2400, New York, NY 10036 Local Broker Phone Number - J. Patrick Done, CB Richard Ellis, Inc.; (702) 369-4855

Property Description - Property 4 is 517 Fremont St. and is occupied by the Beauty Bar and Fremont Check Cashing. Beauty Bar has a long-term lease, while Fremont Check Cashing is month-to-month. Parcel is 0.14355 ac (6,253.04 sf.)



DISTRICT

Property Owner ID - 4A APN - 139-34-611-017

Property Owner (s) - T-BREO II LLCProperty Address - 523 Fremont St. Contact Information - Michael R. Treanor, Managing Director 1500 Broadway, Ste. 2400, New York, NY 10036 Local Broker Phone Number - J. Patrick Done, CB Richard Ellis, Inc. (702) 369-4855

Property Description - Property 4A is 0.20402 ac (8,887 sf) and is the southeast corner of Fremont and Sixth Streets. 523 Fremont St. is occupied by a small res-taurant on a month-to-month lease. 525 Fremont St. is vacant and also fronts Sixth Street to the alley.

508 FREMONT ST.


DISTRICT


Property Owner (s) - Premier TrustProperty Address - 508 Fremont St. Contact Information - Premier Trust 2700 W. Sahara Ave., Ste. 300, Las Vegas, NV 89102 Local Broker Phone Number - Unknown

Property Description - Property 5 is 0.07925 ac (3,452 sf) and is occupied by a cigar shop/factory. Currently owned by former U.S. Senator Chic Hecht’s surviv-ing family members. Best contact for this property would be Artemus Ham, who it close to the property owner and owns property on both sides of this location.

515 FREMONT ST.

Note - The information included in this property profile is for informational purposes only and is accurate to the best of our ability. It is not to be used for anything other-than basic informational purposes and is not to be relied upon. For more specific information on the subject property, please contact the person and/or organization listed above.

DISTRICT


Property Owner (s) - Nationwide Check Cashing Service, Inc.Property Address - 515 Fremont St. Contact Information - John Kitchen, President 515 Fremont St., Las Vegas, NV 89101 Local Broker Phone Number - (702) 384-2228

Property Description - Property 6 is 0.07331 ac (3,193 sf) and is occupied by a check cashing service.


DISTRICT


Property Owner (s) - City of Las VegasProperty Address - 601 Fremont St. Contact Information - Scott Adams, Director, Office of Business Development 400 Stewart Avenue, 2nd Floor, Las Vegas, NV 89101 Local Broker Phone Number - (702)-229-6551

Property Description - Property 7 is currently under a Disposition and Devel-opment Agreement (DDA) between the city of Las Vegas and 601 Fremont, LLC (Sunvest Communities, L.C.) for the construction of a high-rise residential con-dominium building on the back portion of the parcel on Carson Street. The property is 1.23854 ac (53,951 sf). Front portion of the parcel has a three story building, with a 16,250 sf footprint. The developer (601 Fremont, LLC) is re-quired to bring the first floor of the building to a move-in condition for a 10,000 sf nightclub operator. Once that is completed, then the developer may start on the construction of the condominium tower. Developer has an option to purchase the 601 Fremont building to construct another condominium tower on that site, after completion of the first condominium tower.

601 FREMONT ST.


601 FREMONT ST. (Rendering of both towers)



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Property Owner (s) - AT & T Communications of NV, Inc.Property Address - 112 S. Sixth St. Contact Information - P. O. Box 2826, Largo, FL 33779 Local Phone Number - (702) 229-6551

Property Description - Property 8 is a switching center for A T&T.

112 S. SIXTH ST.


DISTRICT


Property Owner (s) - Central Telephone Company (Embarq)Property Address - 125 S. Las Vegas Blvd. Contact Information - P. O. Box 7909, Overland Park, KS 66207 Local Phone Number - Unknown

Property Description - Property 9 is a switching center for Embarq.

125 S. LAS VEGAS BLVD.


DISTRICT


Property Owner (s) - Eden L.P.Property Address - 120 South 6th Street Contact Information - 1216 South 17th Street, Las Vegas, NV 89104 Local Phone Number - Unknown

Property Description - Property 10 is the Eden Hotel. Parcel is 0.32972 ac (14,363 sf). Has 20+ parking spaces. This property is occupied 100 percent by weekly and monthly tenants.

120 S. SIXTH ST.


DISTRICT


Property Owner (s) - Streamline TowerProperty Address - 150 N. Las Vegas Blvd. Contact Information - Kevin Kelly 425 Fremont St., Las Vegas, NV 89101 Local Phone Number - (702) 648-9919

Property Description - Property 11 is the condominium project Streamline Tower. Expected completion is January 2008.

150 N. LAS VEGAS BLVD.


DISTRICT


Property Owner (s) - Richard SturmanProperty Address - 611 Fremont St. Contact Information - Richard Sturman 114 N. Third St., Las Vegas, NV 89101 Local Phone Number - (702)-385-5317

Property Description - Property 12 is currently occupied by the Fremont Fam-ily Market and Mamacita’s Mexican Restaurant. Parcel is 0.15116 ac (6,585 sf).

611 FREMONT ST.


DISTRICT

Property Owner ID - 13, 13A, & 13B APN - 139-34-612-005 139-34-611-021 & 022

Property Owner (s) - Dario PiniProperty Address - 707 Fremont St. (Hotel) and 100 & 118 S. Seventh St. Contact Information - Dario Pini 1335 Mission Ridge Rd., Santa Barbara, CA 93103 Local Phone Number - Alex Lavecchia, DP Hotels, (702)-325-0542

Property Description - Property 13 is the Good Day Inn. Take 1 Nightclub is also located on this property. Parcels 13A & 13B are parking lots and are located across the street from the property. The parking lots are 0.24818 ac ( 10,811 sf) and 0.16067 (6,999 sf).

707 FREMONT ST.

continuedProperty Owner ID - 13A & 13B APN - 139-34-611-021 & 022

100 & 118 S. SEVENTH ST.



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Property Owner (s) - Justen and Stephany MartinezProperty Address - 709 Fremont St.Contact Information - Justen Martinez 1729 Wandering Winds Way, Las Vegas, NV 89128 Local Phone Number - (702) 274-3808

Property Description - Property 14 is being developed by Justen Martinez for the construction of a residential condominium tower, with retail space on the ground floor. Current tenants will be vacated within the next three months and the structure will be demolished. Parcel is 1.38648 ac (60,395 sf).

709 FREMONT ST.


709 FREMONT ST. (Tower rendering)



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Property Owner (s) - 750 Fremont, LLCProperty Address - 760 Fremont St. Contact Information - 750 Fremont, LLC 770 N. Lasalle St., Ste. 414, Chicago, IL 60610 Local Phone Number - Unknown

Property Description - Property 15 is vacant. Property was under considera-tion, but due diligence period expired without closing escrow. Parcel is 0.69729 ac (30,374 sf).

709 FREMONT ST.


760 FREMONT ST.



DISTRICT

Property Owner ID - 16, 16A & 22 APN - 139-34-612-009, 018 & 17

Property Owner (s) - Downtowner 1999 Trust and Matthew Pinjuv Et. Al.Property Address - 100 N. Seventh St., 121 N. Eighth St., and 129 N. Eighth St. Contact Information - Ada Cohen 129 N. Eighth St., Las Vegas, NV 89101 Local Phone Number - Unknown

Property Description - Property 16 & 22 is occupied by the Downtowner Mo-tel. Property 16A is a vacant lot used for parking located on Seventh St. Parcel 16 is 0.14736 ac (6,419 sf), Parcel 22 is 0.49583 ac (21,598 sf) and Parcel 16A is 0.17278 ac (7,526 sf).

121 & 129 N. EIGHTH ST.


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Property Owner (s) - 7th Street Properties, LLCProperty Address - 115 N. Seventh St. Contact Information - Frank Elam 1023 Whitney Ranch Dr., Henderson, NV 89014 Local Phone Number - (702) 768-8859

Property Description - Property 17 is currently undergoing tenant improve-ments to be a restaurant/nightclub - V’s Choc’let City. The nightclub will be a Cajun/Soul Food restaurant and an entertainment venue feature Rhythm & Blues, Soul, and Jazz music. Expected opening is fall 2007.

115 N. SEVENTH ST.


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Property Owner (s) - Ferguson Family TrustProperty Address - 127 N. Seventh St. Contact Information - Ferguson Family Trust 217 Silver Ave., Las Vegas, NV 89102 Local Phone Number - Unknown

Property Description - Property 18 is a vacant lot next to the future V’s Choc’let City restaurant and nightclub. Parcel is 0.16135 ac (7,028 sf).

127 N. SEVENTH ST.


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Property Owner (s) - Genevieve S. Ramirez TrustProperty Address - 128 S. Seventh St. Contact Information - Genevieve S. Ramirez Trust 4129 Annie Oakley Dr., Las Vegas, NV 89121 Local Phone Number - Unknown

Property Description - Property 19 is the Rey Rex Hotel and is located across the street from the Good Day Inn and behind three parking lots. Parcel is 0.16242 ac (7,075 sf).

128 S. SEVENTH ST.


DISTRICT


Property Owner (s) - Robert M. SearsProperty Address - 612 Carson Ave. Contact Information - Robert M. Sears P.O. Box 7440, Las Vegas, NV 89125 Local Phone Number - Unknown

Property Description - Property 20 is the Downtown Plaza and is occupied by Your Place or Mine Deli and a Barber Shop. Parcel is 0.24521 ac (10,681 sf).

128 S. SEVENTH ST.


DISTRICT


Property Owner (s) - Shree Ganesha, Inc.Property Address - 700 Fremont St. Contact Information - Rajesh Patel, Director 700 Fremont St., Las Vegas, NV 89101 Local Phone Number - (702) 591-5826

Property Description - Property 21 is the Super 8 Motel. Complete renovation were completed two years ago. Parcel is 0.81731 ac (35,602 sf).

700 FREMONT ST.

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RECENT PROJECTS “This program provided us with the incentive to locate our nightclub in the new Downtown E n t e r t a i n m e n t D i s t r i c t a n d assisted us to upgrade our neon sign substantially.”

Aaron Chepenik, Co-owner The Griffin 511 Fremont StreetOpened January 2007

Michael Cornthwaite, Owner Downtown Cocktail Room 111 Las Vegas Boulevard Opened January 2007

“Take 1 Nightclub was the first night-club to open in the newly formed En-tertainment District and take advan-tage of the City’s Entertainment VIP program. The City is going all out to make the Entertainment District a success.”

Gary Sax, Co-owner Take 1 Nightclub, 707 Fremont Street Opened Spring 2005

For additional information and an application packet, please contact: Rich Atkins, Sr. Economic Development Officer City of Las Vegas Redevelopment Agency (702) 229-6100

“The renaissance downtown has been coming for a long time. The city’s commitment to the revitalization, and the incentive provided by the VIP program were both instrumental in my decision to locate in the Enter-tainment District.”

ABOUT THE PROGRAMThis program is intended to assist in the improvement of commer-cial properties located in the Downtown Entertainment District by offering a rebate of up to a maximum of $95,000 for any quali-fied exterior improvement costs. Improvements to the facades of buildings, permanent landscaping, parking facilities, neon signage and other external improvements are eligible for assistance.

PROGRAM ELIGIBILITYProject must be located within the Downtown Entertainment Overlay District. Applicant must be either: (a) a tavern-limited business, (b) a business which has filed a tavern-limited business license ap-plication with the City of Las Vegas, or (c) a business which has a primary retail use compatible with the uses described as “tavern-limited.”All plans or proposed Scopes of Work must be reviewed and approved by the Redevelopment Agency prior to the com-mencement of any construction work. Incentives to program participants will be in the form of cash rebates. Participants will be eligible to receive a rebate of up to a maximum of $75,000 of eligible pre-approved improve-ment costs. For those participants at a corner location, the Agency’s rebate will be up to maximum of $95,000. Each par-ticipant must contribute a dollar-for-dollar match (1:1) to the Agency’s funds and incorporate neon signage or illuminated and animated signage that is substantial in scope and which is clearly visible from the city public right-of-way.

DISTRICTEntertainment District

Visual Improvement Program

Fremont Street Development Details

Documents

Transcript of Fremont Street Development Details