Arts District Garage tenant lease

At a glance

• What: Retail lease agreement for approximately 2,600 square feet plus 547 square foot patio at Arts District Garage
• Tenant: VGH Group 2 LLC, dba The Greek Gyro
• Location: 1421 South Casino Center Boulevard, Suite 120 (APN 162-03-210-094), Arts District Parking Garage
• Landlord: City of Las Vegas
• Where it stands: Approved by City Council 7-0

Decision

City Council voted 7-0 on October 7, 2026, to approve the lease agreement between the City of Las Vegas and VGH Group 2 LLC for retail space at the Arts District Parking Garage. Resolution R-67-2026 finds the lease to be in the best interest of the public.

A market rent analysis was prepared by Southwest Property Consultants on September 17, 2026.

Sources

• City Council minutes, October 7, 2026: https://lasvegas.primegov.com/Public/CompiledDocument?compileOutputType=1&meetingTemplateId=43458

Log

• 2026-10-07 - Redevelopment Agency - The agency approved the $500,000 tenant improvement reimbursement, contingent on the City Council lease approval.

2026-10-07 - City Council

Council approved Resolution R-67-2026 and the retail lease agreement by 7-0 vote. Public hearing was held on the fair market rental value of the space. Staff cited fair market rent of $3.25 per square foot, a 144-month term, about $3.62 million total net lease value and a $500,000 tenant improvement allowance.