It also owns 45 acres in Henderson’s Inspirada community, 40 acres in Skye Canyon in the upper northwest valley, and 5 acres on Fremont Street just south of Charleston Boulevard.Īll are labeled in the filing as “land held for development.” There’s no telling what will happen with each spread - shortly before the pandemic hit, Station talked about selling some parcels - but the company has no shortage of places to build.Īs outlined in a securities filing, it has 96 acres at Tropicana Avenue and Interstate 15 just west of the Strip, 71 acres at Durango Drive and the 215 Beltway in the southwest valley, and 58 acres at Flamingo Road and Town Center Drive in Summerlin. Unlike other casino operators in the valley, Station owns big tracts of real estate scattered around the region that are essentially in storage for future resort projects. “We’re going to continue to look at each one of the development sites here in Vegas as we roll forward, try to build out the portfolio, double the footprint here in Las Vegas,” he told analysts. His brother, Red Rock Resorts Chairman and CEO Frank Fertitta III, echoed those comments. The company owns six undeveloped sites in the valley and likes the idea of “essentially doubling the size of our current operating platform here in Las Vegas by developing those properties,” he said. “Right now as you can see we’re kind of in the development mode,” Lorenzo Fertitta, vice chairman of Station parent Red Rock Resorts, told analysts during a conference call Tuesday. It also owns several empty plots around Southern Nevada.Įven though Station hasn’t reopened all of its properties after last year’s statewide casino shutdown, management indicated this week it wants to double its presence in the valley. The locals-focused casino giant aims to break ground early next year on a $750 million resort, near Ikea in the southwest Las Vegas Valley. (Erik Verduzco / Las Vegas Review-Journal) sitting on big chunks of land for years, Station Casinos is now in development mode.

Station Casinos-owned land at the corner of Town Center Drive and Flamingo Road in Las Vegas, Thursday, Nov.

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