It's amazing how the tables have turned. For over a decade the Las Vegas Strip from Mandalay Bay to the Stratosphere Tower got almost all of the attention as well as the vast majority of investment dollars. Now the action has shifted dramatically as companies and developers rediscover the value of the downtown district. The new 5-block City Hall project (expected to generate 13,000 jobs and millions in tax revenue) is but one of a number of examples signaling the return of downtown Las Vegas. The old city hall complex will be completely renovated by Resort Gaming Group and leased to online powerhouse Zappos as their new corporate campus. The $485 million Smith Center for the Performing Arts is also well under way and the Lou Ruvo Brain Institute is already open and functioning as a leading research center. All of this and more will be part of 61-acre Symphony Park, another spectacular example of the tremendous potential of the downtown area. What is being created here is very much on par with the gas lamp district in San Diego, a true urban renaissance that creates a dynamic that draws visitors, residents and businesses alike. The Las Vegas real estate market is participating in this process as well. The Ogden is already 50% leased and Newport Lofts is now completely sold out. Downtown also has the coolest grocery store in the valley. Resnicks can be found at ground level in the SoHo Lofts building. This "bodega style" urban grocery fits right in with the vibe that makes downtown Las Vegas our next up and coming star attraction!
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