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Old Posted Nov 14, 2019, 4:49 PM
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Developer Strikes Deal To Buy Land For Futuristic Las Vegas Mini-City

Developer Strikes Deal To Buy Land For Futuristic Las Vegas Mini-City


November 6, 2019

By Eli Segall



Read More: https://www.reviewjournal.com/busine...-city-1886760/

Quote:
Months after announcing plans for a futuristic mini-city in Las Vegas, the developer has reached a deal to buy a project site for more than $300 million. Bleutech Park Properties reached a purchase agreement with landowners Khusrow “K.” Roohani and Larry Canarelli for 210 acres at Las Vegas Boulevard and Cactus Avenue, project spokesman Tom Letizia announced Tuesday at a news conference at the M Resort.

- There is no guarantee the deal will close. But the announcement is a key step for a tech-heavy, $7.5 billion project that had been shrouded in mystery in some keys ways since its unveiling and whose developer, the Review-Journal confirmed, is Janet Garcia-Legrand of Miami, who was arrested in 2017 in connection with an alleged scheme to defraud a south Florida city. — Bleutech Park Las Vegas is the most expensive and complex real estate development pitched in Southern Nevada in recent memory. Its backers have used an arsenal of buzz words to describe it, saying the project will feature net-zero buildings, artificial intelligence, augmented reality, supertrees and self-healing concrete structures. But until now they hadn’t said where it would be built.

- Unveiled in late July, Bleutech Park is a so-called “digital infrastructure city” that would feature housing, offices, retail and entertainment, and “waste-heat recovery,” buildings with “breathable materials” and other tech-heavy features. If built, it would pump billions of dollars into the valley and usher in a burst of smart-city technology. But the enormous project sounds all too familiar in Las Vegas, a place with a long track record of developers pitching massive, often over-the-top ideas and never following through. Asked what she would tell critics who point this out, Garcia-Legrand said, in part, “You’ve never seen this kind of project in Vegas, period.”

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