Posted on September 14, 2007
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It began almost 2 years ago as the vision of individuals and a company with the drive to do what it would take to create something never seen or thought possible before. To create its vision, MGM MIRAGE selected the best urban planners and 8 of the worlds best architects to create 1,200 feet of frontage on the Las Vegas Strip. The project has now been named the CityCenter, Las Vegas’ largest development ever planned.
According to Kerzner the project will be in the design and planning phase for the next year and construction is expected to begin in 2009 with an expected completion in 2012. The new resort will take up 40 of the 78 acres of land owned by MGM MIRAGE. The project is located at the corner of Las Vegas Boulevard and Sahara Avenue. Kirk Kerzner will lead the planning and design of this project. On Aug. 22, 2007 MGM MIRAGE and Dubai World announced their intent to begin a long term relationship where Dubai World will invest approximately $2.7 billion investment in CityCenter and up to $2.4 billion in purchases of MGM MIRAGE common stock. The mega companies will enter into a 50/50 split venture in the Las Vegas CityCenter project in Las Vegas and Dubai World will acquire a significant minority equity position in MGM MIRAGE.
CityCenter will consist of residential, resort, and retail complex’s. It is currently being developed by MGM MIRAGE on the Las Vegas Strip. MGM MIRAGE owns and operates 17 properties located in Nevada, Mississippi and Michigan, and has investments in three other properties in Nevada, New Jersey and Illinois.
City Center Towers:
Vdara Condo Hotel - An urban retreat that offers a full complement of services and amenities to inspire, pamper and indulge. From its unique silhouette of patterned glass to the interior of each residence, Vdara Condo Hotel delivers the ideal balance of access and escape.
Veer Towers - Live boldly in the shimmering glass towers that make up Veer’s 670 condos. Become part of a new pair of residential landmarks at the hub of CityCenter.
The Harmon - Live in the tower that will define hip, exclusive living on The Strip. The Harmon Hotel & Residences offer the highest standard of service and luxury in a unique and stylish urban design.
Mandarin Oriental - Primary residence. Second home. An irresistible getaway with an exclusive address.
Posted on September 10, 2007
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Coming Soon to the Las Vegas Strip
The Palazzo Las Vegas — The Palazzo hotel will be a 50-floor luxury tower with approximately 3,025 luxury suites. The hotel lobby will feature a 60-foot glass dome, multiple two story fountains, imported marble, bronze case columns and special custom wall finishes. Guests arriving from the street will enter the domed entry lobby while those approaching from the Venetian Casino Resort will make the transition through a towering octagonal structure, itself topped by a glass and decorative iron dome. The floors throughout will complement the spaces with numerous interlocking patterns of polished veined marbles and colorful inlay strips. The landscape will be made up of palm trees, tailored paintings and exotically shaped topiaries.
2008
Trump International Hotel and Tower — Trump International Hotel & Tower has raised the standard of luxury to an unprecedented level. When you enter your suite, you’ll be taken aback by stunning views of the New York skyline and Central Park. In fact, you may forget you’re also just steps from Lincoln Center, Fifth Avenue and the most spectacular restaurants, shops and entertainment in the world.
2009
Las Palmas Hotel and Residence — Set to become the city’s largest non-gaming luxury hotel, the Las Palmas Hotel & Residences will be erected across the street from the Wynn Golf Course, just south of the Las Vegas Convention Center.
CityCenter — Las Vegas is a true 21st-century city, and by 2010, the Las Vegas Strip will have a futuristic new look, typified by the new Project CityCenter. The 66-acre development is being created by MGM Mirage as a mixed-use urban center that appeals to local residents as well as tourists. Project CityCenter, which will be located on the site of the Boardwalk Hotel-Casino, is still in the developmental process. The initial design phase is scheduled to take about 18 months. The first phase of the project will include 1,650 luxury condominium-hotel units along with a 4,000-room hotel-casino; three 400-room boutique hotels; and 550,000 square feet of retail, dining and entertainment space. Construction of the first phase will take approximately 42 months, with an opening anticipated in 2010. Project CityCenter will be located on Las Vegas Boulevard, between Bellagio and the Monte Carlo. U.S. Highway 95 and Interstate 15 provide access to other locations in the Las Vegas valley.
2010
Echelon Place — Echelon Place is Boyd Gaming Corporation’s replacement for the Stardust Resort & Casino. Echelon Place has an estimated cost of $4 billion with construction beginning in 2007 and the opening in 2010. The $4 billion price tag would make Echelon Place the second-most expensive hospitality industry development ever.
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