Siegel Group has had their eyes set on El Cortez for a while, as ReReno reported here months ago, but now it looks like the sale will be completed shortly.
They plan upgrades to the building while keeping its historic character mostly intact..mostly painting, upgrading the floors, modernizing equipment/appliances and things of that nature. Work will begin in vacant rooms first.
They are aggressively planning to fill the western retail spaces and are already entertaining offers from potential tenants.
Meanwhile, according to RGJ they have submitted plans to the city for remodeling the Truckee Lane building.
And according to ReReno, they have submitted plans for roof work on the Virginian.
I can't wait to see what they do with the Truckee Lane Building, Virginian and El Cortez!