The family of Zappos co-founder Tony Hsieh is trying to offload more than 90 of the tragic multimillionaire’s Las Vegas properties — less than three months after a Connecticut house fire claimed his life and despite his desire to revitalize the downtown area.
A lawyer for Hsieh’s father, Richard, and brother, Andrew, filed nearly 100 notices disclosing plans for the sales on Wednesday at Vegas’ Clark County District Court, the Las Vegas Review-Journal reported.
The dad and brother are Hsieh’s estate executors and their plans describe a veritable clearance sale, stating that the properties be sold for cash only, and “to the highest and best bidder.” The notices did not provide appraised values or minimum bids, the paper noted.
Hsieh, who perished at age 46 on Nov. 27, was one of the biggest property owners in the tax-incentivized downtown Vegas “Opportunity Zone,” and had been a vocal proponent of revitalizing the area, the Review-Journal said.
His properties include the Zappos headquarters in the former Las Vegas City Hall building — which he purchased just a month before he died for $65 million — along with a pair of open-air retail and food complexes.
But despite the bulk sell-off, the family maintains the decision was made to “further implement Tony’s vision.”
In an emailed statement to the Review-Journal on behalf of Hsieh’s estate, Neon Public Relations founder Megan Fazio said since the entrepreneur’s death, it has “received an immense amount of interest in finding ways to expand on Tony’s vision in revitalizing downtown Las Vegas through community efforts.”
The estate has also invited all interested buyers “to articulate how they may contribute to the expansion of Tony’s vision,” Fazio said.
The troubled shoe mogul was estimated to be worth $840 million, and did not leave a will. The Harvard grad helped turn Zappos into an online shoe retail powerhouse, which sold to Amazon in 2009 for $1.2 billion. He stayed on as CEO of Zappos until stepping down last summer.
He died of complications from smoke inhalation nine days after being pulled unresponsive from the New London home of his rumored girlfriend.