The nation’s largest African American-owned real estate developer is planning what could be the largest and most expensive luxury-hotel and apartment project in Southern Nevada.

Peebles Atlantic Development Corp. is planning to build a 55-story, 1,830-room development on 13 acres on Paradise Road across from the Wynn Las Vegas golf course. Appraisers estimate the total price of the tentatively named Las Palmas project could clear $1 billion.

“Being off the Strip, Las Palmas will be conducive to the affluent traveler who is looking for a quieter venue and who is willing to pay for it,” Peebles Atlantic CEO R. Donahue Peebles said. “This will be a place where high-profile people will be able to relax and conduct business while enjoying luxurious accommodations. We’re close enough to walk to the Strip and far enough away to afford our guests more privacy.”

Company officials are currently working to obtain construction permits and hoping to break ground within a year.

“We’re planning a four- to five-star hotel and it’s going to be built in phases,” said Daniel Grimm, senior vice president of Peebles Atlantic.

The first phase will include an 800-room hotel at the front of the property and a 35,000-square-foot spa. Once the hotel and spa are in operation, Peebles Atlantic will begin construction on the second phase of the project, which will include 1,030 residential units on the east side of the property, toward the back.

By Greg Jones

Greg Jones is managing editor of Casino Connection Nevada, as well as associate editor of Global Gaming Business magazine.

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