92°F
weather icon Clear

Siegel Suites owner buys building near Las Vegas Strip

Updated July 12, 2019 - 3:52 pm

With signs advertising stripper gear, liquor and a strip club, Steve Siegel’s newly acquired commercial building has a very Vegas feel.

It also had escort services in upstairs offices, and homeless people would shower out back using hose bibbs, said Siegel, who wants to take the property in a new direction.

Siegel, founder of Las Vegas real estate firm The Siegel Group, acquired a 62,000-square-foot commercial building on Sammy Davis Jr. Drive, right behind Resorts World Las Vegas, and a vacant 4,500-square-foot building next door for $8.35 million in late May.

He renamed the property Siegel Plaza West and said he wants to turn it into a hub for eateries.

Casino workers, taxi drivers and others regularly drive on Sammy Davis Jr., but the street is light on restaurant options, according to Siegel.

“The center has a lot of potential,” he told the Review-Journal last month.

Michael Crandall, senior vice president at The Siegel Group, said in an email the property’s tenants include the Can Can Room strip club, a liquor store, a Thai restaurant, massage parlors and “some clothing stores for the entertainment industry.”

Siegel said the escort services were on month-to-month leases, and when he took ownership of the property, he told them they had to move out. He also said if other tenants weren’t a right fit, he wouldn’t renew their contracts.

Siegel’s other holdings include the Siegel Suites chain of low-priced apartments.

Contact Eli Segall at esegall@reviewjournal.com or 702-383-0342. Follow @eli_segall on Twitter.

Don't miss the big stories. Like us on Facebook.
THE LATEST
New trade school opening this fall in Las Vegas

A new vocational and trade school is opening its first Las Vegas campus this fall. The United Education Institute’s first cohort of students will start Oct. 26.

Planet Hollywood announces reopening date

Planet Hollywood is back in business. It will be a limited reopening: Gaming floors will be open seven days a week, but the hotel will only accept weekend reservations.