Last month, Hill told a breakfast meeting of NAIOP, a commercial real estate association, that the LVCVA would look to sell about 10 acres of the former Riviera site along Las Vegas Boulevard. But the LVCVA acquired additional property last year along Convention Center Drive that is closer to the convention center and, according to Parks, will be used for open-air exhibit space instead.Īll told, the 10 acres for sale “provide exceptional opportunity for the right visionary,” LVCVA President and CEO Steve Hill said in Wednesday’s news release. He said the parcel was originally slated to be used for outdoor exhibit space.

Michael Parks of CBRE, one of the listing brokers, said the property would be shopped around to developers and will be the Strip’s “gateway” to a bigger convention center. The sales effort comes as this long-sleepy stretch of Las Vegas’ famed casino corridor is viewed with high hopes for a turnaround in coming years with the expected openings of two megaresorts - Resorts World Las Vegas and The Drew - and an expanded Las Vegas Convention Center nearby.īut sales of vacant land on the Strip have been sluggish for years, and values are nowhere near what sellers fetched before the economy crashed. No asking price was given for the parcel, at the southeast corner of Las Vegas and Elvis Presley boulevards on the north Strip, but the agency’s chief executive has said that it may be the most valuable government-owned property ever sold. The Las Vegas Convention and Visitors Authority hired brokerage firm CBRE Group to sell a 10-acre piece of the demolished hotel’s footprint, CBRE announced Wednesday. Las Vegas’ tourism agency has put a chunk of the former Riviera site up for sale. Exterior lights as seen Monday, Apat the Riviera hotel-casino, 2901 South Las Vegas Boulevard.

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