Adding another piece of downtown Las Vegas real estate to the Downtown project inspired by Zappos CEO Tony Hsieh.
Recently closing a $ 4.1 million transaction to acquire the former 7-11 building just east of the Fremont Street experience and at the gateway of the Fremont East entertainment district.
Hsieh and others involved with the Downtown Project envision the building, now largely empty and marred by graffiti, as a future gathering place for community groups, entrepreneurs and others who want to work in downtown Las Vegas.
"We are still working on the details but the idea is to provide more space for different community groups to gather in."
Since the online shoe and apparel retailer announced plans to take over the former City Hall, interest in the area has surged with technology and creative communities.
"About a year ago, a few people in the community started working to bring the tech community together by starting the "Tech Jelly." Imagine what could happen if a dozen more communities of passion could form in things like music, woodworking, fashion, etc."
The Downtown Project and related entities have made a big splash in Las Vegas since 2010 when Zappos, a subsidiary of Amazon, announced it would move it's headquarters from Henderson in 2013.
The move is designed to give Zappos a place to grow, while remaining true to a company culture built on passion, collaboration and what Hsieh calls "serendipitous interactions", fostered when people with ideas for projects and businesses work in close proximity to one another.
Zappos, with Amazon and developer Resort Gaming Group, are funding the conversion of the old City Hall to a corporate headquarters.
Resort Gaming Group purchased the old City Hall property for anout $18 million and will lease it to Zappos, which is investing millions to renovate the old building.
The Downtown Project and related entities are funded through about $350 million from Hsieh and other investors.