President and CEO
DG Development Corporation is a private real estate development and investment corporation based in Las Vegas, Nevada and managed by Daniel Grimm, President and CEO. Daniel is a highly skilled real estate development management executive with more than 25 years of hands-on experience in commercial real estate. He established DG Development Corporation in 2011 in order to capitalize on the unprecedented real estate opportunities in the area. Grimm’s focus is a diverse portfolio comprised of Class A apartment homes, uniquely stylish hotels, and a full service casino resort property.
Prior to starting DG Development Corporation, Grimm was President of Peebles Pacific Development Corporation. In that role, he 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. Grimm also oversaw the acquisition, entitlement and sale of 250 Brannan Street in San Francisco and the 87 acre Rockaway Beach Quarry in Pacifica, CA.
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.
Before his move to Las Vegas, Grimm was responsible for all aspects of the development and construction of The Residences at The Bath Club, a $230 million beachfront condominium resort – also for The Peebles Corporation. This 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’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.
Selected DG Development Corporation projects led by Mr. Grimm include:
Under Grimm’s leadership, DG Development Corporation acquired and entitled 20 acres in the Southern Highlands area of Las Vegas. In partnership with Fore Property Company, construction was completed on the Volare Apartment Homes. Volare is a 360-unit Class A rental apartment community with resort-level amenities. By the time construction was complete, Volare was 98 percent leased-making it one of the largest and most successful multi-family efforts to be built following the economic downturn. In July of 2017, Volare Apartment Homes sold for $63 million.
Hampton Inn & Suites and Home2 Suites
DG Development Corporation currently owns an 8.5 acre urban infill hotel & multi-family site at the corner of Sierra Vista Drive and Swenson Street. This location is 4 blocks east of The Strip and immediately adjacent to the Las Vegas Convention Center. Redevelopment of this unique site is currently underway, in partnership with the Las Vegas Global Business District Project. The project will offer visitors an exceptional stay at a unique, 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 will provide both visitors and residents with much-needed contemporary urban nests, just steps from the Las Vegas Convention Center and The Strip.
Mardi Gras Hotel and Casino
DG Development Corporation acquired majority ownership of the Mardi Gras Hotel and Casino in August 2014, located at 3500 Paradise Road, just east of the Wynn Las Vegas. This site is just 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 will be 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.