LAS VEGAS (KSNV) — The owner of the Four Queens Hotel and Casino and Binion’s Gambling Hall and Hotel in downtown, Terry Caudill, and his partner with Carlos “Big Daddy Carlos” Adley to have acquired the land and building located at 601 Fremont Street.
The announcement was made in a Wednesday release, which explained that the partnership, formally known as 601 Fremont LLC, had been previously leasing the site from the City of Las Vegas.
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Located at the corner of Fremont Street and 6th Street, right across Fremont Street from the El Cortez Hotel and Casino, the site includes a three-story, 50,000-square-foot building and almost an acre of surface parking.
The entire site, including the building which was the former Sears building, is a total 1.25 acres.
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The company says that no development plans have been announced, but it expects the development to have a mixed-use tower with hotel and residential units, retail space, entertainment, restaurant facilities, bar facilities and more.
Currently, the site is home to Backstage Bar and Billiards.