Town Square developer Jim Stuart building again in Las Vegas

Las Vegas’ real estate bubble took developers on a wild ride, something Jim Stuart knows all too well. Through his old firm Centra Properties, Stuart teamed with actor George Clooney and others in 2005 on Las Ramblas. It was a $3 billion hotel-condo project just east of the Strip. But amid fast-rising property values, they sold the land in 2006 for about $200 million. Stuart sold other real estate holdings before the economy crashed. With Florida partners, he built Town Square Las Vegas ... only to lose the 100-acre retail and office complex to foreclosure during the recession. In 2018, after a decade-long hiatus from development, Stuart began building in Las Vegas again.