President and CEO
DG Development Corporation is a private real estate development and investment corporation.
Daniel Grimm, a highly skilled real estate development management executive with more than 25 years of diverse, hands-on experience in commercial real estate, established DG Development Corporation in 2011 in order to capitalize on unprecedented real estate opportunities. Grimm’s focus is a diversified portfolio comprised of Class A apartment homes, uniquely stylish, yet comfort-focused hotels, and a full service casino resort property.
Under Grimm’s leadership, DG Development Corporation acquired and entitled 20 acres in the Southern Highlands area of Las Vegas, and in partnership with Fore Property Company, completed construction of Volare Apartment Homes; a 360-unit Class A rental apartment community with resort-level amenities. At construction completion, Volare was 98 percent leased making it one of the largest and most successful multifamily efforts to be financed and built after the economic downturn. In July of 2017 Volare Apartment Homes sold for $63 million.
DG Development Corporation owns an 8.5 acre urban infill hotel & multifamily site at the corner of Sierra Vista Drive and Swenson Street, 4 blocks east of The Strip and immediately adjacent to the Las Vegas Convention Center. Redevelopment of this unique infill site, in concert with the Las Vegas Global Business District Project is currently underway. The project will offer visitors an exceptional stay at a uniquely dual-branded Hilton property comprised of a 150-room Hampton Inn & Suites and a 100-room Home2 Suites all under one roof. In addition, the project will offer a 300-unit Class A rental apartment community. These much-needed contemporary urban nests for both visitors and residents will offer top of the line amenities, resort-style common areas and exceptional Vegas views, all just steps from the Las Vegas Convention Center and The Strip.
Additionally, DG Development Corporation recently acquired majority ownership of the Mardi Gras Hotel and Casino, located at 3500 Paradise Road just east of the Wynn Las Vegas and steps south of the Las Vegas Convention Center, and is currently in the planning stages of a major hotel/casino redevelopment to be completed in concert with the $2.5 billion Las Vegas Global Business District Project. This project is a nationally flagged contemporary luxury resort with more than 700 over-sized suites, a 35,000-square-foot casino floor, an intoxicating night-and-day club, innovative dining and an upscale spa.
Prior to starting his own company, Grimm was President of Peebles Pacific Development Corporation and was responsible for all of Peebles’ development and construction activity in the western region of the United States. Grimm managed the acquisition of the Mardi Gras Hotel & Casino and the Las Palmas Apartments in Las Vegas and the acquisition, entitlement and sale of 250 Brannan Street in San Francisco and the 87 acre Rockaway Beach Quarry in Pacifica, CA.
Before his move west, Grimm was responsible for all aspects of the development and construction of The Residences at The Bath Club, a $230 million beachfront condominium resort for The Peebles Corporation. The project included building a 20-story tower, six oceanfront single-family villas and renovating the historic club for this luxury beachfront resort on 5.5 acres in Miami Beach.
Mr. Grimm joined The Peebles Corporation in 2002 after completion of his duties with Donohoe Development Company as Development Director responsible for the design, permitting, construction and start-up of The Peebles Corporation’s $140 million Royal Palm Resort in Miami Beach.
Mr. Grimm’s current and past project partnerships include: The Donohoe Companies, Hilton, Fore Property Company, The Peebles Corporation, Exxon/Mobil, Barnett Banks, Walt Disney Imagineering, and Life Technologies Inc. Daniel is a graduate of Virginia Polytechnic Institute & State University with a Bachelor of Science Degree in Mechanical Engineering, focused in Building Construction.