Dream’s Nightmare: Las Vegas Strip neighbor built on property line of new resort
Posted on: August 28, 2022, 05:34h.
Last update on: August 28, 2022, 05:36h.
It was a potential nightmare for Dream Las Vegas, the next resort to open on the Las Vegas Strip. Its next-door neighbor, the Pinball Hall of Fame arcade, has already been built at least 8 feet above their shared property line on the southern edge of the Strip.
According to a lawsuit filed last fall by the resort’s developers in Clark County District Court, “illegal occupancy” prevented the construction of a drainage outlet. The lawsuit has since been settled for an undisclosed sum.
In 2020, the Dream Hotel Group – a New York-based operator of four Manhattan luxury properties and hotels in Miami Beach, Hollywood and Nashville – purchased 5.25 acres of undeveloped land on Las Vegas Boulevard, just south of of Russell Road, next to Harry Reid International. Airport. The land was purchased in partnership with Southern California companies Shopoff Realty Investments and Contour, a private commercial real estate development group.
Fortunately, the arcade encroachment was discovered early enough to make adjustments before construction of Dream’s 20-story tower began. Dream Las Vegas is set to open in 2025 with 531 rooms, a 20,000 square foot casino and a much closer neighbor than they originally wanted. Earth was broken on the station in July.
The investigation indicates that… it is false!
Shopoff Realty founder Bill Shopoff told the Las Vegas Review-Journal that he’s seen minor encroachments in his 40 years in real estate, but never a building built on his property line. How could such a massive misstep happen?
Lawyers for the Pinball Hall of Fame blamed it on a surveying error by a contractor. According to court documents filed by the owner of the Pinball Hall of Fame, Las Vegas-based Lochsa Engineering was hired in 2018 to inspect the arcade’s project site. An affiliate brought in by Lochsa spoiled the investigation.
The Dream developers notified the arcade of the encroachment last year, and after the arcade verified the claim, the settlement was covered by Lochsa’s insurance company. As part of the settlement, Dream developers transferred the land to the Pinball Hall of Fame.
“It was new to me,” Shopoff told the newspaper.
A second surveying SNAFU?
Believe it or not, a small portion of the Pinball Hall of Fame was also discovered to encroach on 345 square feet of adjacent land owned by the Clark County Aviation Department. The encroachment occurs on a small service road in a private aviation area at the airport.
“Yes, we are aware that a portion of the Pinball Hall of Fame encroaches on land owned by the DOA,” Aviation Department spokesman Joe Rajchel said. RJ. “As this had no impact on airport operations, we are working with them on a mutually beneficial solution.”