Landowners Khrushow Roohani and Larry Canarelli have agreed to a deal to sell 210 acres to Bleutech, which plans to build a $7.5bn digital infrastructure city.
The proposed construction will take place on the south end of the Las Vegas Strip at Las Vegas Boulevard and Cactus Avenue.
The land is being sold at more than $1.5m per acre.
The mini-city would become the most expensive development project currently in existence in Las Vegas.
Bleutech Park will feature a 3,000-room hotel, ultra-luxury residential, sustainable living, a surfing pool, an exotic beach environment and a 1,200 ft. tower.
The Park intends to use energy-generating and breathable materials to increase sustainability. Bleutech will also grow 33 supertrees ranging from 50 to 100 ft. tall.
Bleutech developer Janet Garcia-Legrand has previously come under scrutiny for attempting to defraud the city of Homestead, FL with a fake engineering firm.
Garcia-Legrand was arrested for duping the city into awarding her a $33.3m construction contract.
She is set to face trial later this year.
