A Las Vegas-based developer has two hotel projects underway in the valley. Bob Schulman, the chairman and owner of Schulman Properties, said a $115 million luxury apartment project, dubbed Ilmunia Midtown, proposed for the Las Vegas Arts District is now planned as a hotel with some space dedicated to medical uses. The property is proposed near the intersection of Charleston Boulevard and Grand Central Parkway.
Schulman said he made the pivot because the entertainment aspect of the Arts District is well-suited for visitors. “The Arts District, providing the restaurants and the entertainment and stuff it does, and the arts, I think it’s all huge,” Schulman said. “I think we’re like San Diego’s (Gaslamp Quarter) 20 to 30 years ago.
” Another hotel is proposed for Lake Las Vegas and a luxury apartment project recently opened in Henderson. The plans for a hotel in the Arts District and Lake Las Vegas are both in their early stages, Schulman said, and didn’t provide a timeline on completion. In a recent interview with the Las Vegas Review-Journal, Schulman said he sees plenty of opportunity in luxury real estate in Las Vegas and has a few projects going on around the valley.
Ilmunia on Raiders Way Earlier this month, Schulman Properties opened an apartment project, called Ilmunia on Raiders Way, which has 232 units and was developed with a “Steve Wynn-type mentality,” Schulman said. The complex has many amenities that try to imitate those in hotels, including roo.