Downtown Project moving ahead with plans

CREATED May. 21, 2012

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  • The Downtown Project is taking a big step forward today. The old Motel 6 on East Fremont Street is scheduled to be demolished today. Video by ktnv.com

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  • Motel Six will be demolished today in downtown Las Vegas as part of the downtown development plans. Video by ktnv.com

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Las Vegas, NV (KTNV) -- The Downtown Project is taking a big step forward today.

The old Motel 6 on East Fremont Street is scheduled to be demolished today.

What exactly is going in its place has not been confirmed yet by the Zappos-affiliated group called "The Downtown Project" yet.

The Motel 6 was purchased for $5.2 million dollars by Zappos CEO Tony Hsieh and other investors.

Their goal has been to put $350 million dollars into Downtown Las Vegas since the company decided to relocates its headquarters from Henderson into the old city hall building.

Other big purchases include a big portion of the condos at The Ogden high rise in downtown Las Vegas and the old 7-Eleven building on Las Vegas Boulevard and Fremont Street.

They are also trying to put to use several vacant lots in the downtown area.

Right across from the Motel 6 location, The Downtown Project plans on putting an interesting form of retail and restaurant space using container units.

They will encourage small business owners and entrepreneurs to move into the space until new buildings can be constructed or old ones to renovated.