A new pizza shop is being added at the Ogden… one thing is for sure, we’ll have plenty of pizza options downtown! Check out the floorplan below:

Check out the Las Vegas Weekly article here for more details…

This is a small project that’s been in the works to add a handful of respectable and affordable 1 bedroom apartments to the Downtown Las Vegas marketplace… these 8 units should be completed and ready to lease no later than the end of November.

When is it: Friday, September 21st, 2012

Where is it: Downtown Las Vegas – FEED, Juhl, & 18b Arts District

Courtesy of www.onwardstate.com

Parking Day Manual

Parking Day Manifesto

Parking Day Resources Page

Parking Day License **Please make sure you put this up to give Rebar recognition!

City of Las Vegas Metered Parking Map

Las Vegas, Nevada, Code of Ordinances – Chapter 11.10 – Parking or Nonmoving Violations

Park(ing) Day 2011 Pictures

PARK(ING) DAY Presentation

8-16-12
Developer moves operations base into former Ice House Lounge

7-20-12
Chef’s not leaving Las Vegas, thanks to Downtown Project

6-17-12

Downtown Las Vegas is Betting on Green

6-4-12

Downtown LV: Where to live?

5-15-12

Downtown event seeks to conjure environmentally friendly commerce

5-2-12

Build a Greener Block gives local businesses a look at what Downtown could become

5-1-12

Build A Greener Block Transforms Las Vegas

4-25-12

Build a block Downtown: the fantasy and reality

4-25-12

Build a Greener Block – Interview on State of Nevada

4-18-12

Las Vegas group transforming blight into a ‘greener’ block for one weekend

There were so many positive articles about the Las Vegas economy this week that it made more sense to put them here rather than try to tweet them all!

Industry leaders see Nevada economy improving in 2013

Las Vegas new-homes sales jump 34.5 percent in April

Las Vegas house prices up as inventory shrinks

Sharpened interest, bidding wars send up Las Vegas home prices

Nevada moves to No. 3 in foreclosure ranking

Nevada no longer foreclosure capital of United States

Nevada unemployment hits three-year low; Las Vegas numbers up

Developers begin next construction phase for SkyVue’s 500-foot wheel

Nevada economy yields more revenue for state 

Nevada gaming revenues up 6.1 percent to $855.7 million in April

Downtown Las Vegas Renaissance

Here is a clip from Channel 8 news about all the good things that are happening in downtown… like I’ve been saying, the area is going through a revitalization. It is in it’s infancy, but the roots are growing and it will begin to blossom!

A cultural scene is being born- downtown is the place to be!

Insert Coin(s) opens tonight!! I heard about the concept a few months and have been anxiously awaiting it’s arrival… the general idea is a mash up of a nightclub, arcade, and LAN party. This RJ article goes into greater detail and you can check out their website here.

I love that they decided to plant their feet on Fremont Street in the heart of downtown. The concept will be right at home in the area and is sure to benefit from the Zappos move next year. They had a special pre-launch party for Zappos employees and Twitter followers (@insertcoinslv) last night… unfortunately, I wasn’t able to attend.

Here is a promo vid:
Insert Coin(s) Promo Vid

You might be asking yourself what the photo above has to do with the title of this post… keep reading and I promise it will all make sense by the end.

I came across an interesting article earlier this week that talked about a study conducted by the National Association of Realtors that found the following:

– 56 percent of American home buyers would choose a “smart growth” community (characterized by mixed-use development, multimodal transportation, walkability and a general downtown sort of vibe) over the single-use, car-centered suburban model that has dominated North American urban growth since the 1950s

– An even larger majority — 77 percent — say they look for the pedestrian infrastructure long absent from suburbia such as wide sidewalks when shopping for a new home

– 59 percent would swap square footage for a shorter commute

– 88 percent valued neighborhood quality over home size

– 50 percent wanted better public transit instead of more new roads

This points to a shift in trends and values over the past… which could be a key to success for downtown Las Vegas. We’ve seen that the downtown high rises can be successful when the prices make sense now that those condos are being rented out ($1-2,000/ month rent makes more sense than the $600k-2M purchase prices that they were fetching at the peak). The John S. Park neighborhood is great area with a ton of old town character and within walking distance of the downtown scene.

These areas are drawing people back in that are tired of the cookie cutter suburban homes that make up the Las Vegas valley. There is a different vibe and energy going into the area and I am excited to see where it goes in the next 5-10 years.

Is the area still a little rough around the edges? Absolutely, but that’s what makes it interesting. I think of it like an old classic car… there are some people that look at a beat up classic car and think, “What a pile of junk!” There are others that will look at that same car and see the potential that it offers. Make no mistake, anyone who has restored a car knows that it is no easy feat… it is absolutely a labor of love. But, when you can look back at what you started with and see the finished product, it’s always worth it!

An article from Fox News reporting on the 2011 Las Vegas Perspective tell us what we already knew… non-gaming business will be critical to the success of future Las Vegas.

There has been a lot of talk about the diversification of the Las Vegas economy, but when pressed I rarely hear new ideas other than tapping outside markets (specifically California) since we have offer preferential tax treatment. Our favorable tax environment is becoming less of a unique capability with other states considering the same strategy for themselves. Taking that strategy to market is a great way to appeal to all businesses… but as the famous saying goes, the middle of the road is the most dangerous place to drive.

If we truly want to make an impact and diversify Las Vegas, it makes more sense to approach this from a product launch perspective. Our city is the product- we need to identify our market. Any marketing 101 grad knows that a sure way to fail is to try to be all things to all people. It is far better to take a niche approach and serve that niche better than anyone else.

As far as what Las Vegas’ niche should be, I am not 100% sure. I used to think that we could make a name for ourselves in renewable energy, specifically solar power, but Boulder, CO has already established itself as the epicenter. That’s not to say that we can’t play a part. I just think we let a golden opportunity slip past us.

After touring the Switch Data Center, I firmly believe that Las Vegas offers a very unique capability to serve data centers and other companies that rely on similar criteria- ~70* annual average temperature, moderate climate, low humidity, low risk for natural disasters, etc. These are uniquenesses that apply to a very small section of our country and cannot be duplicated outside of that zone.

I am excited about Zappos’ relocation to downtown Las Vegas and the vison that Tony Hsieh has for the area. With Tony Hsieh acting as an evangelist for our city, I don’t think there is any reason we can’t attract more technology companies to relocate.

Whichever direction we choose, it is imperative that we build a strategy within the city to support that direction and then market it. That means getting state government, local government, the university, and local business to at least start moving in the same direction around a core strategy. That is a feat that is much easier said than done and an article that I will leave for another day…

Awesome new lounge opening up downtown… it’s projects like this that reaffirm what I believe is happening downtown. The growth is organic and real… it’s “normal” people creating a culture as opposed to the manufactured and contrived projects of the past (Neonopolis and the Main Street Station). This lounge was done on a shoestring $350k budget- it has whimsy and character and I am confident it will be a success!

Read more from the Las Vegas Weekly article here.