Big project breaks ground on former North Las Vegas casino sites
A California real estate firm kicked off a sprawling project in North Las Vegas that calls for housing, commercial space and an athletic complex across two former casino sites.
Agora Realty & Management held a ceremonial groundbreaking Tuesday for its first phase of Hylo Park, a mixed-use development at Rancho Drive and Lake Mead Boulevard.
The developer is starting on an 11-acre portion that will have a shopping center with eateries, retail space and a grocery store, said Aaron Lefton, president of acquisitions and leasing at Agora.
The roughly 90,000-square-foot plaza is slated to open by year’s end, he said.
Overall, Hylo Park is designed to span 73 acres and bring a drastically different landscape to a stretch of the city that was previously home to Texas Station and Fiesta Rancho. Former owner Station Casinos demolished those neighboring properties and then sold the sites to Agora more than a year ago for about $58 million combined, property records show.
Various ideas were floated for the properties, from commercial to residential to a combination of the two, “but this was the perfect fit for this area,” said North Las Vegas Mayor Pamela Goynes-Brown.
Agora, based in Calabasas, California, envisions Hylo Park as a “vibrant, walkable community” with a mix of offerings.
“Today represents more than just breaking ground on a new grocery store, restaurant and retail shopping center; it’s a celebration of the thoughtful reimagining of what this site will be for North Las Vegas,” City Manager Micaela Moore said at Tuesday’s event.
The retail plaza will be built on a portion of the nearly 50-acre former Texas Station site. Hundreds of homes are earmarked for the rest of that spread.
Property records show that Agora sold 36.5 acres of the former Texas Station land for $26 million last month. Homebuilding giant Lennar Corp. is developing that section, having drawn up plans for a 373-lot subdivision, city records show.
Lennar did not immediately respond to a request for comment Tuesday.
Meanwhile, Lefton said the 25-acre former Fiesta Rancho site is slated to have a sports and entertainment district that will include an athletic facility, shops, restaurants and a hotel. He noted that the redevelopment will involve the property’s existing ice rink, now called Hylo Park Arena, which was attached to Fiesta.
He expects to break ground on that parcel this summer.
Station parent Red Rock Resorts announced in summer 2022 that it would tear down Fiesta Rancho, Texas Station and Fiesta Henderson — all of which had been closed since the onset of the pandemic — and sell the sites.
Months later, the casino chain sold the 35-acre Fiesta Henderson property for $32 million to the city of Henderson, which bought the site with plans for a recreational sports complex and other amenities.
Station then sold the North Las Vegas sites to Agora in fall 2023.
Contact Eli Segall at esegall@reviewjournal.com or 702-383-0342.
