UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): ~~February 13~~April 3, 2015

NEVADA PROPERTY 1 LLC

(Exact ~~Name~~name of registrant as specified in its charter)

Delaware	000-53938	27-1695189
(State or other jurisdiction of incorporation or organization)	(Commission File Number)	(~~I.R.S.~~IRS Employer Identification No.)
3708 Las Vegas Boulevard South Las Vegas, Nevada		89109
(Address of principal executive offices)		(Zip Code)


3708 Las Vegas Boulevard South Las Vegas, Nevada		89109
(Address of principal executive offices)		(Zip Code)

(702) 698-7000

Registrant’s telephone number, including area code

Not Applicable

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

~~Thomas~~On ~~McCartney~~April 3, ~~the~~2015, ~~Chief Operating Officer of~~ Nevada Property 1 LLC (the “Company”), ~~stepped~~entered ~~down~~into ~~from~~an ~~his~~amendment ~~role~~to bythe ~~mutual~~ Company’s employment agreement with Lisa Marchese, the Company’s ~~effective~~Chief ~~February 13~~Marketing Officer, ~~2015.~~pursuant ~~Mr. McCartney~~to ~~did~~which ~~not~~such ~~step~~employment ~~down~~agreement aswas further extended for a ~~result~~period of ~~any~~sixty ~~disagreement~~days. ~~with~~Ms. ~~the~~Marchese’s ~~Company~~employment onagreement, ~~any~~which ~~matter~~was ~~relating~~scheduled to terminate on April 3, 2015, will now terminate on June 3, 2015. No other terms of Ms. Marchese’s employment agreement, which is described in the Company’s ~~operations~~Annual Report on Form 10-K for the fiscal year ended December 31, ~~policies~~2014, orwere ~~practices~~amended.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	NEVADA PROPERTY 1 LLC

	By:		/s/ Ronald G. Eidell
	Name:		Ronald G. Eidell
	Title:		Chief Financial Officer

Date: ~~February 20~~April 3, 2015

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