Peebles Corp., a developer of hotels and other real estate, said it bought 13 acres of land in Las Vegas to build a $2.5 billion high-rise condominium and hotel project a half mile from the Las Vegas Strip.

The company paid $65 million for the land, an outside spokeswoman, Natalie Bedoya, said. When completed, the project, called “Las Palmas,” will have four 55-story glass towers with a total of 1,000 condos and 800 suites in a hotel designed by architecture firm Arquitectonica, Peebles, based in Coral Gables, Florida, said in a statement.

The 4.5 million square foot development will not have a casino, the company said. It will be on Paradise Road, east of the Wynn Las Vegas Golf Course and include a spa, retail space, a restaurant and a pool in a “sky lobby” 400 feet above ground.

“As Las Vegas continues to mature as a world class luxury destination, so do its travelers,” Donahue Peebles, founder of closely held Peebles Corp., said in the statement. “More than 50 percent of travelers visit Las Vegas for reasons other than gambling.”

The first building in the development will have a “six-star” hotel on the lower floors and 100 condos on the upper floors for “wealthy buyers who want privacy and exclusivity,” Peebles said. The condos will have 10 to 12 foot ceilings, 24-hour concierge service, 18-hour room service, a health club and views of Las Vegas, Peebles said.