Land in front of Polo Towers sold......again

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Original Message:

Land in front of Polo Towers sold......again (by Doug P.):

Metro flag, who had owned the lot at the corner of Harmon and Lv. Blv. S. (Harley Davidson Cafe and Travel Lodge motel) and down the strip to Smith and Wollinski's (including the Hawaiian Marketplace) has sold that land to FX Luxury reality.

FX Luxury hold the rights to the Elvis estate and apparently operates Graceland. They're initial comments were that they plan to build an Elvis themed hotel/ casino developement on that land. I wouldn't hold my breath on this on. There have been plans to put a casino along that strip frontage ever since we first purchased at Polo Towers in 1998. My bet is in another couple of years that piece of property will be sold yet again.