The Downtown Project is $500 richer this week, after abandoning their plans to build a five-story, 246 apartment, residential building with retail and possibly a restaurant or bar, on the plot of land surrounding Atomic Liquors. The project has been pulled from a scheduled appearance and public reveal at the Sept. 9 Planning Commission hearing. The multimillion dollar project was very far from a rumor and had already received conditional and full approval from Public Works divisions like 'Sanitary Sewer Planning', 'Roadway Planning' and 'Flood Control.'
A $500 planning meeting deposit was refunded Aug. 27 to DTP and Tony Hsieh's legal representative Todd Kessler and the 901 Fremont LLC fronting the concept.
This block, partially sitting under Atomic Liquors, was bought for $3.48 million in July, but assurances were made Atomic would still be able to keep 10-year lease and stay in business, just paying rent to the new Downtown Project landlords. All 11 lots surrounding the bar are being converted into one single lot to make any future development easier.
The Las Vegas Sun and Las Vegas Weekly's "Downtown" Joe Schoenmann had been unable to discover directly from Hsieh what was happening with this land, situated four short blocks from the reporter's work space. Schoenmann quit his Downtown reporting gig this week to work in the rapidly growing field of local public radio.
A recent interview with Hseih by the Review Journal yielded a revelation that "building new housing is not on our immediate priority list." Hsieh is moving ahead with plans for the The Wheelhouse bar and music venue and the Ferguson's Motel bars, restaurant and retail center.
· Why Hsieh Bought Atomic Liquors Land for $3.5 Million [~ELV~]
· All Coverage of Downtown [~ELV~]