Las Vegas

By Hector Aracena

2021-09-06

MGM Resorts International’s CityCenter Holdings, LLC joint venture has entered into an agreement to sell a two-acre block of land within the CityCenter campus for US$80 million.

The buyer is a company called 63SLVB LLC, which is owned by locally-based retail developers Brett Torino of Torino Development and Paul and Dayssi Kanavos of Flag Luxury.

According to an announcement by MGM overnight, 63SLVB LLC plans to develop a multi-level retail complex comprising specialty retail and casual and fine dining. Miami Beach-based architecture firm Arquitectonica has been engaged to create a design that is “commensurate with the image, standards, and mixed-use nature of the CityCenter campus,” MGM said

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