Dream Las Vegas
Dream Las Vegas is a stalled 527-room hotel on 4.7 acres at the south end of the Strip, halted by early 2023 at roughly 20 percent complete. The site was deeded to the general contractor, McCarthy Building Companies, with the deed transferred August 21 after a May settlement.
- Current site holder
- McCarthy Building Companies, by deed
- Original developers
- Shopoff Realty Investments and Contour
- General contractor
- McCarthy Building Companies
- Architect
- DLR Group
- Reported cost
- Construction cost not disclosed; site valued at $17.2M at transfer
- Scope
- 527 rooms on 4.7 acres
- Status
- Idle since early 2023 at roughly 20 percent complete
- Type
- Resort
Where it stands
Work stopped by early 2023 with the tower roughly 20 percent complete, and the 4.7-acre site was deeded to the general contractor, McCarthy Building Companies, with the deed transferred August 21 following a settlement in May; the site was valued at $17.2M (Casino.org).
The original developers were Shopoff Realty Investments and Contour, with DLR Group as architect (NVBEX). A third Extension of Time was heard by the Clark County Zoning Commission on November 5, 2025 (NVBEX) and reported granted on November 13, 2025, giving two more years before permits expire (NVBEX). The LVCVA bulletin lists 527 rooms (LVCVA).
Approvals and public record
A third Extension of Time was granted by the Clark County Zoning Commission, heard November 5, 2025 and reported granted November 13, 2025, extending permits by two years (NVBEX). The case numbers are not listed in the sources we have.
What is not known
McCarthy has not announced what it intends to do with the site, whether that is to finish, resell or demolish (Casino.org). The construction cost is not disclosed, the settlement and deed dates are given only as May and August 21 without years, and the case numbers for the extension are not listed in the sources we have.
Why it matters
A general contractor taking title to a half-built Strip tower through settlement is an unusual outcome, and it puts decisions about a 527-room shell in the hands of a builder rather than a developer. The two-year permit extension is the clock that now governs whether the structure restarts or the entitlements lapse.
Timeline
- Construction halted
Work stopped with the tower at roughly 20 percent complete.
- Extension heard
A third Extension of Time was heard by the Clark County Zoning Commission.
- Extension granted
The extension was reported granted, giving two more years before permits expire.
- Settlement
The parties settled; the source does not state the year.
- Deed transferred
The site was deeded to McCarthy Building Companies; the source does not state the year.
Sources
- Casino.org - stalled Dream casino resort changes handshttps://www.casino.org/news/stalled-las-vegas-dream-casino-resort-changes-hands/
- NVBEX - Dream Las Vegas extension grantedhttps://nevbex.com/2025/11/13/dream-las-vegas-project-extension-granted/
- NVBEX - Dream Las Vegas hotel-casino extension hearinghttps://nevbex.com/2025/11/05/dream-las-vegas-hotel-casino-extension/
- LVCVA - Tourism Construction Bulletin, May 15, 2026https://res.cloudinary.com/simpleview/image/upload/v1779405036/clients/lasvegas/ConstructionBulletin051526_86c37e79-6dc1-4879-a2dd-e05ad92d28ca.pdf
Every figure on this page is attributed to a document or a published report. Where sources disagree we print both numbers rather than choosing one. Where the record is silent we say so.
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