PDA

You are viewing a trimmed-down version of the SkyscraperPage.com discussion forum.  For the full version follow the link below.

View Full Version : LAS VEGAS | Boom Project Rundown! 2.0



Pages : 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 [45] 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92

Aaron Auxier
Jul 1, 2008, 11:49 PM
I have not heard anything about Cosmo lately. I'm just going to keep taking pictures :).

lfc4life
Jul 2, 2008, 12:16 AM
star trek the experience closing at the hilton on sept 1st, no doubt to be replaced by a few hundred slot machines :(

it enjoyed a great run though, longer than a few hotel towers http://www.startrekexp.com/pdf/STTE-Media-release.pdf

Jade456
Jul 2, 2008, 7:18 PM
That's too bad about the Star Trek exp. I wonder what they'll do with it.

Aaron Auxier
Jul 3, 2008, 5:25 AM
All we need to hear on the news is "Out-of-state developer announces Star Trek luxury condotel project in Las Vegas." :ahhh:

mdiederi
Jul 3, 2008, 3:25 PM
I read that Boyd is having trouble getting financing for the two boutique hotels at Echelon.
http://online.wsj.com/article/SB121487405694118001.html?mod=hpp_us_whats_news

mdiederi
Jul 4, 2008, 3:10 AM
They're painting the Golden Nugget a baby-poop ochre color.

LMich
Jul 4, 2008, 3:32 AM
I was fortunate to have got to go to The Experience, a few years back. Not a huge Star Trek fan, but it was quite an experience, which is actually the most appropriate thing to call it.

I can never get over how Cosmo is practically being built on top of Jockey Club.

ScottG
Jul 4, 2008, 7:09 PM
juhls exterior is almost finished - and it looks amazing!

i took these shots with my phone, in the car - i missed the south side of the tower which is GREAT i really like the altering balconies on the tower

the low rise is different for vegas -BRICK (veneer im sure) but it really looks like this project belongs in california because it is....authentic? - ITS NICE TO HAVE SOMETHING LIKE THIS IN VEGAS - ITS PROJECTS LIKE THIS THAT WILL CHANGE DOWNTOWN

(btw streamlines entire first floor is completely empty - no retail tenants - quite depressing)

note: none of these image do juhl justice....

http://img67.imageshack.us/img67/8826/image053ac6.jpg

http://img301.imageshack.us/img301/672/image054gq1.jpg

http://img301.imageshack.us/img301/2334/image055gr7.jpg

http://img67.imageshack.us/img67/4416/image056ek5.jpg

lfc4life
Jul 5, 2008, 1:03 PM
from flickr july 4th

caesars octavius tower has its first cladding

http://i32.tinypic.com/dhabyw.jpg
http://www.flickr.com/photos/my_vegas/2636934511/

Fiorenza
Jul 6, 2008, 3:03 AM
Any comments on the veracity of this? (http://www.independent.co.uk/news/world/americas/down-and-out-in-las-vegas-860513.html)

Vtown420
Jul 6, 2008, 4:49 AM
Yawn....just more of the same sensationalism that we’ve been hearing for the past year. Honestly, I’m glad room rates are down. Maybe I’ll be able to come stay on the Strip for my birthday.

Anyway, here are the real numbers. Definitely a recession, but I don't think it's the end of the world.
http://media.lvrj.com/images/2801238.jpg



Juhl looks good, thanks Scott. Now we just need about ten more of these type of projects downtown, and a couple more Newports and Streamlines, and we're in business!

Vtown420
Jul 6, 2008, 6:10 AM
from flickr

http://farm4.static.flickr.com/3273/2638917429_05ed21b12c_b.jpg
http://www.flickr.com/photos/h2obaby/2638917429/

http://farm4.static.flickr.com/3262/2639883624_b7ba84e782_b.jpg
http://www.flickr.com/photos/alexxshootstuff/2639883624/

http://farm4.static.flickr.com/3195/2609827462_18a46a6c27_b.jpg
http://www.flickr.com/photos/lychyi/2609827462/

http://farm4.static.flickr.com/3037/2609825202_d3a0825cea_b.jpg
http://www.flickr.com/photos/lychyi/2609825202/

http://farm4.static.flickr.com/3225/2608994133_af4d72dd8e_b.jpg
http://www.flickr.com/photos/lychyi/2608994133/

Nice view, but this interior is a bit strange.
http://farm4.static.flickr.com/3144/2608991817_ebdd3e7e19_b.jpg
http://www.flickr.com/photos/lychyi/2608991817

Is the PH tower topped out? I thought it was supposed to be 600ft tall, but Vdara looks taller. Maybe I'm just trippin.
http://farm4.static.flickr.com/3143/2629772018_65bb8febd9_b.jpg
http://www.flickr.com/photos/txcarsonfamily/2629772018/

http://farm4.static.flickr.com/3103/2636947788_2ba50c845b_b.jpg
http://www.flickr.com/photos/palmsrick/2636947788

Looks like one half of Aria is topped out.
http://farm4.static.flickr.com/3065/2629262709_bdd0a605ae_b.jpg
http://www.flickr.com/photos/vidarsundsback/2629262709

lfc4life
Jul 6, 2008, 12:38 PM
Any comments on the veracity of this? (http://www.independent.co.uk/news/world/americas/down-and-out-in-las-vegas-860513.html)

fall in all-important room occupancy rates from their usually impressive 95 per cent levels to nearer 80 per cent

i would like to see proof to back up this statement, everything i read suggests strip hotels occupancy rates have only gone down 1-1.5% from a year ago. now if you lump motel occupancy rates throughout the valley in along with hotel rates the overall figure goes into the 80% range (motel occupancy in vegas have been around 60% for years so is probably much lower in 2008)

Crazy Horse closing

they closed in July of 2007 (record year for vegas) after losing its ability to sell alcohol, nothing to do whatsoever with recession. Research at it finest there i see :haha:

this guy answers most of the points in that article and similiar articles better than i can http://blog.360.yahoo.com/blog-ma9.tkEweKVnjAyaIq0lqYH9POKObA--?cq=1&p=29

of course las vegas is going to see a hit, that was always on the cards, airlines have cut back nearly 13% of flights into mccarran. As is always the case in a recession the budget travellers will cross off las vegas from their things to do, just like in 1991 when occupancy rates at some strip and downtown hotels went below 80% some months.

what really annoys me though about these articles from the new york or english papers are that they always include foreclosures on homes; seriously what does that have to do with the town itself and its main business "tourism". if someone buys a big house in las vegas for $1 million and then find they cannot afford the payments, i think that be their own fault and nobody elses :)

ScottG
Jul 6, 2008, 4:26 PM
http://farm4.static.flickr.com/3143/2629772018_65bb8febd9_b.jpg

im glad you got this shot - ive been meaning to point something out: look at the backside of PH tower - there is a wide vertical stripe that is a lighter shade of blue! the crane is currently cutting thru it - the tower is NOT just one big box of navy blue. that interesting that there is a random stripe of light blue (this is only on one side i beleive)

ScottG
Jul 6, 2008, 4:31 PM
Crazy Horse closing

they closed in July of 2007 (record year for vegas) after losing its ability to sell alcohol, nothing to do whatsoever with recession. Research at it finest there i see :haha:




i never understood why they dont just change the type of strip club crazy horse is - they lost their alcoohol license (why - what happened?) but they didnt loose they business license - there are TWO different types of strip clubs - 18 and older clubs serve no alcohol and are fuly nude - 21 and older serve alcohol and are only topless - so why not become a fully nude club?

Aaron Auxier
Jul 6, 2008, 5:51 PM
I have woken up to sensational negative Vegas articles everyday since Jan 1, 2008 (the day I first noticed the media's attack on Las Vegas grow 1000%).

This city better wake up and start to defend itself because these scare tactics are working, people are scared to come here and spend money, buy real estate, etc.

An now Vegas is unsafe to travel to because of the West Nile Virus? I'm sure that's going to help.

Wake up Vegas - you're getting your ass kicked and you're not even punching back.

Aaron Auxier
Jul 6, 2008, 5:55 PM
Hmm, according to this article Las Vegas just became the eight most desired city in the world for foreign real estate investors (just behind Shanghai, Singapore, and Tokyo). That represents an eight-spot jump in two years.

Meanwhile (according to the report), San Diego went from 5th to 15th in just three years.

http://www.bostonsf.com/ME2/dirmod.asp?sid=&nm=&type=Publishing&mod=Publications%3A%3AArticle&mid=8F3A7027421841978F18BE895F87F791&tier=4&id=3767308BDEC14B219E7CF5D6DE4B5A68

Jake2006
Jul 7, 2008, 1:06 AM
VTown429, thanks for the great pics.

We have been coming to Vegas about 5 times a year since the 1960's and have no plans on cutting back on our visits. There is no other city that offers the best value for the money or has the best restaurants, entertainment and shopping.

If Las Vegas wants to stop the negative press though, it should start with its own local newspaper which runs negative stories almost every day (example: todays Internet stories).

We understand there is an economic downturn NATION WIDE and the stories that sell papers are about the economy but Las Vegas still offers the best vacation value better than any other spot in the USA. Where else can you get a great hotel resort room from $59, $69, or $79/night or even free if you belong to a players card (example: we just reserved the Paris in Aug/Sept for three nights @ Free, $55, $55). Try that in New York. Even with fuel costs, you can still get good airline fares from almost anywhere in the U.S. Don't worry Vegas, we will still keep coming and paying our homage to the great slot God regardless of the press.

case_architect
Jul 7, 2008, 4:34 AM
what really annoys me though about these articles from the new york or english papers are that they always include foreclosures on homes; seriously what does that have to do with the town itself and its main business "tourism". if someone buys a big house in las vegas for $1 million and then find they cannot afford the payments, i think that be their own fault and nobody elses :)


tourism has a great deal to do with the foreclosure rate. this city has a very high percentage of hourly and tipped jobs as opposed to salary employees. the lower the rate of tourism, the less money tipped employees are making as well as a loss of hours for hourly employees. all of this resulting in lower incomes, foreclosures, and negative articles.

ScottG
Jul 7, 2008, 4:48 AM
heres something nice to watch....

http://www.vegastripping.com/news/news.php?news_id=2158

Patrick
Jul 7, 2008, 7:17 AM
Nevermind

Aaron Auxier
Jul 7, 2008, 7:22 AM
case_architect - I agree with what you said. Good points.

lfcforlife - You also bring up great points. I didn't know that about Crazy Horse, but the same thing has happened with reporters saying Tropicana went bankrupt because of Vegas when, in fact, Tropicana Entertainment LLC has been quoted saying the company lost their gaming license in Atlantic City, causing them great harm.

I couldn’t believe a blog I recently saw that said Las Vegas is in layoff crisis. It mentioned the 400 managers laid off by MGM MIRAGE. When that happened, I must have received 15 Google Alerts in one day as the AP picked up and spread all over.

Recently, Wynn Resorts announced they would begin hiring for approx. 5,300 jobs at Encore in July 2008. How many times did you see that get reported?

lfc4life
Jul 7, 2008, 9:29 AM
tourism has a great deal to do with the foreclosure rate. this city has a very high percentage of hourly and tipped jobs as opposed to salary employees. the lower the rate of tourism, the less money tipped employees are making as well as a loss of hours for hourly employees. all of this resulting in lower incomes, foreclosures, and negative articles.

i would agree with you if the foreclosures started with the las vegas downturn but they didn't, fact is they started during the biggest boom in vegas history, this article is from august 2007 http://money.cnn.com/2007/08/14/real_estate/California_cities_lead_foreclosure/index.htm

Jake2006
Jul 7, 2008, 2:09 PM
Finally, a good article on Vegas and City Center.

http://www.entertainmenttoday.net/content/view/634/45/

justdefended
Jul 7, 2008, 6:28 PM
Here is the official logo for the Aria Resort & Casinio

http://www.mgmmiragecareers.com/images/logo/aria.jpg

It's a lot friendlier than I thought! Kind of like a signature on a work of art.

Just for comparison, here is the chic Vdara logo

http://www.mgmmiragecareers.com/images/logo/vdara.jpg

lfc4life
Jul 8, 2008, 4:42 PM
another shot of caesars octavius tower taken 2 days ago; working on the 19th floor, should be topped or close to it by this time next month i would say

http://i29.tinypic.com/15zi9uh.jpg
http://www.flickr.com/photos/madisoncarnot/2645987687/

ScottG
Jul 8, 2008, 8:25 PM
^^^^if you got to that link and browse the other photos under that user - you can see THE HARMON has lots of glass - BEAUTIFUL silver and metalic blue!!!! very nice - very different

Vtown420
Jul 9, 2008, 7:11 AM
Yes, I am loving the glass on the Harmon!
http://farm4.static.flickr.com/3052/2647493722_6d8123bd57_b.jpg
http://www.flickr.com/photos/jublins/2647493722/

http://farm4.static.flickr.com/3138/2639398463_0acdb3f765_b.jpg
http://www.flickr.com/photos/jamesandciarra/2639398463/

Lecom
Jul 9, 2008, 9:19 PM
Yep, Harmon is coming out great, and so are the Veer towers - not as much for their tilt as for their facade finishes and color, though as the tilt becomes more pronounced it may become quite a striking feature. Not a fan of Mandarin Oriental, though it's not bad - it's just bleh. Will probably make for a decent background tower.

How tall will the new Caesars tower be?

lfc4life
Jul 10, 2008, 1:00 AM
How tall will the new Caesars tower be?

23 storeys and 350 foot

DMaldon762
Jul 10, 2008, 3:07 AM
I am all for change but you have got to see his point.
http://www.vegasrex.com/2008/07/09/is-it-too-late-to-call-the-whole-thing-off/

CHAPINM1
Jul 10, 2008, 7:38 AM
I am all for change but you have got to see his point.
http://www.vegasrex.com/2008/07/09/is-it-too-late-to-call-the-whole-thing-off/

Vegas Rex is full of $h!t and should keel over already... Las Vegas is a city, not the fu@*in Holy Land! He can take his old $h!tty T-shirts and put them where the sun doesn't shine, better yet MGM could just use them to wipe their @$$3$ with. This detestable little worm dares to call himelf "Vegas Rex," that's pathetic... "Vegas NIMBY" would be a lot more fitting... There is no room in the great city of Las Vegas for him or scum like him. Oh and Rex, why don't we just speed up the recession while were at it dumb@$$! Whenever I hear about this kind of garbage it sends fire though my vaines... With that being said, I want to personally send out a special thanks to everybody on here, and everyone else who helps contribute the the sales, efforts, construction, photo updates, and helping to continue build up and make Las Vegas better than ever!

DMaldon762
Jul 10, 2008, 12:06 PM
Vegas Rex is full of $h!t and should keel over already... Las Vegas is a city, not the fu@*in Holy Land! He can take his old $h!tty T-shirts and put them where the sun doesn't shine, better yet MGM could just use them to wipe their @$$3$ with. This detestable little worm dares to call himelf "Vegas Rex," that's pathetic... "Vegas NIMBY" would be a lot more fitting... There is no room in the great city of Las Vegas for him or scum like him. Oh and Rex, why don't we just speed up the recession while were at it dumb@$$! Whenever I hear about this kind of garbage it sends fire though my vaines... With that being said, I want to personally send out a special thanks to everybody on here, and everyone else who helps contribute the the sales, efforts, construction, photo updates, and helping to continue build up and make Las Vegas better than ever!

Yikes!

What a way to start of the day. VegasRex is entitled to his opinion. He lives there for God's sake unlike most of the people on this board. Let's all face the fact that in general, service has gone down and prices have gone up in Las Vegas. The trendy-ness of Las Vegas has made it a less desirable vacation spot. When was Las Vegas a heaven for "douchbags" as the Vegas.com advertising campaign celebrates? VegasRex gives you the view of a local guy that you have to respect.

silverbow
Jul 10, 2008, 3:01 PM
Ron Kantowski / Las Vegas Sun Story Link (http://www.lasvegassun.com/blogs/now-and-then/2008/jul/09/theres-news-about-new-arena-kinda-sorta/)

There’s news about the new arena (kinda, sorta)

Remember that proposed NBA arena behind Bally's they were supposed to break ground on in June?

Well, it lives. Kinda sorta.

I received an e-mail from a loyal Sun reader today saying that I should check out the Anschutz Entertainment Group Web site, that they had put up artist renderings of the Figment of Our Imagination Arena and Poker Palace.

Sure enough, he was right. Kinda sorta.

There are artist renderings (http://aegworldwide.com/04_future/lasvegas.html) on a section of the AEG site dedicated to the company's proposed arenas, but they show Kobe Bryant's mug on the side of the building. They are of LA Live, the four-million-square-foot development that will join Staples Center with the Los Angeles Convention Center.

But there is a section for the Las Vegas arena. It lists a heading "Echelon I," followed by two paragraph signs, and "Echelon II," followed by three paragraph signs. There are no words.

There were no words for me, either, when I called AEG headquarters in LA to ask "Whassup?". I got through the first secretary and the second secretary but when I asked for The Chief, I got the voice mail of Michael Roth, who is a chief all right, but only of the publicity department. Roth did not return a phone call.

Then somebody -- my guess it was Larabee, or perhaps Agent 13, switched me to a voice recording.

So if you need directions to Staples Center, I'm your man.

mdiederi
Jul 10, 2008, 3:15 PM
The trendy-ness of Las Vegas has made it a less desirable vacation spot.
Then why have visitor counts nearly doubled since 1990?

Visitors
1990 = 20,954,420
2007 = 39,196,761

Source: LVCVA

mdiederi
Jul 10, 2008, 3:19 PM
Ron Kantowski / Las Vegas Sun Story Link (http://www.lasvegassun.com/blogs/now-and-then/2008/jul/09/theres-news-about-new-arena-kinda-sorta/)

There’s news about the new arena (kinda, sorta)

Remember that proposed NBA arena behind Bally's they were supposed to break ground on in June?

Well, it lives. Kinda sorta.

I received an e-mail from a loyal Sun reader today saying that I should check out the Anschutz Entertainment Group Web site, that they had put up artist renderings of the Figment of Our Imagination Arena and Poker Palace.

Sure enough, he was right. Kinda sorta.

There are artist renderings (http://aegworldwide.com/04_future/lasvegas.html) on a section of the AEG site dedicated to the company's proposed arenas, but they show Kobe Bryant's mug on the side of the building. They are of LA Live, the four-million-square-foot development that will join Staples Center with the Los Angeles Convention Center.

But there is a section for the Las Vegas arena. It lists a heading "Echelon I," followed by two paragraph signs, and "Echelon II," followed by three paragraph signs. There are no words.

There were no words for me, either, when I called AEG headquarters in LA to ask "Whassup?". I got through the first secretary and the second secretary but when I asked for The Chief, I got the voice mail of Michael Roth, who is a chief all right, but only of the publicity department. Roth did not return a phone call.

Then somebody -- my guess it was Larabee, or perhaps Agent 13, switched me to a voice recording.

So if you need directions to Staples Center, I'm your man.
AEG is also doing the entertainment at Boyd's Echelon, which is a different project than the arena behind Bally's.

CHAPINM1
Jul 10, 2008, 5:32 PM
I'm thinking Vegas has always had it's problems with thugs and crime. Everytime I am back and when I am walking down the strip I get approached at least once a day by a drug dealer. There's definetly no shortage of them... I would have to guess that they, along with other figures associated with that kind of scum have always been there on the spot now as well as the older days of Vegas (70's, 80's, 90's)... We'll always have that certian group of people who are troublesome but that comes with the territory especially in Vegas, but that could be said of about anywhere I guess. My heart and soul goes out to those in blue who help try to keep the streets of Las Vegas as safe as possible. The success of this great city could not have been achieved without their efforts as well...

Anyway, what is the story on Echelon? Are two of the hotels really having trouble trying to acquire financing?

lfc4life
Jul 10, 2008, 5:33 PM
i feel rex isn't so much complaining about the new buildings but what he feels is their lack of uniqueness or "vegasness" as he puts it. in one way he may have a point, first time visitors to vegas were once dumbstruck by the big castle, the glass pyramid, the dancing fountains, volcano etc

the question is a tourist going to be awestruck with a 600ft glass condo building which looks like something you would find in NYC. only time will tell on that i suppose....

Lecom
Jul 10, 2008, 5:54 PM
I am all for change but you have got to see his point.
http://www.vegasrex.com/2008/07/09/is-it-too-late-to-call-the-whole-thing-off/

I understand his sentiments, and I am too kind of sad about Vegas losing its trend of themed hotels. However, the current luxury crop is what the market demands, what the visitors want and there is no way/need of stopping this. We can't live in the past and must keep up with current trends, especially if you do business - that's how capitalism works. And in Vegas, the mecca of capitalism, staying on top of what people want is of utmost importance.

ScottG
Jul 10, 2008, 6:55 PM
btw - there are ads on the echelon construction walls explaing new shopping experience to come...called THE HIGH STREET

ScottG
Jul 10, 2008, 8:54 PM
I'VE INTRIGUED TO READ MORE FROM VEGASREX - AND I FOUND A QUOTE THAT I FIND INTERESTING TO CONSIDER...

Units at City Center have recently been sold for $1,500 - $2,500 per sq ft, and up to $12 million per individual unit … which beats out the previous record of $1,300 / sq ft.

And press releases have been distributed to this effect to anyone that will listen.

The fact which receives little mention, is that only 3 … yes THREE units have been sold at this record price.

And they may have been bought by relatives of the Dubai owners, simply to make marketing headlines as they pay themselves. We simply don’t know.

Hell, I don’t even know if they have actually paid for them. In this town, “sold” and SOLD mean two different things.

CHAPINM1
Jul 10, 2008, 9:40 PM
I understand his sentiments, and I am too kind of sad about Vegas losing its trend of themed hotels. However, the current luxury crop is what the market demands, what the visitors want and there is no way/need of stopping this. We can't live in the past and must keep up with current trends, especially if you do business - that's how capitalism works. And in Vegas, the mecca of capitalism, staying on top of what people want is of utmost importance.

Good statement, I remember Las Vegas 10+ years ago and remember how all the theme hotels and casinos really were special. Today even though it may not be as apparent, I think the theme is still and will always be there! I look at Fountainebleau, there is a subtle theme there as well as Palazzo. Let me put it this way, both places will definetly have characteristics that will make them stand out from the others. Las Vegas growing the way it is and having more to offer day by day is what is drawing me to move there. I will be proud to be part of the city, economy, and one of the fastest growing cities of the country! I love how it's not afraid to grow to it's full potential, if it weren't for that mentallity, it never would have gotten to where it was in it's older days even leading up to today and what is yet to come! There really is no other place like it...

mdiederi
Jul 10, 2008, 10:16 PM
Units at City Center have recently been sold for $1,500 - $2,500 per sq ft, and up to $12 million per individual unit … which beats out the previous record of $1,300 / sq ft.

And press releases have been distributed to this effect to anyone that will listen.

The fact which receives little mention, is that only 3 … yes THREE units have been sold at this record price.

It only takes one to set a record, so three is pretty impressive.


And they may have been bought by relatives of the Dubai owners, simply to make marketing headlines as they pay themselves. We simply don’t know.

I know that Kerkorian bought a condo in the Mandarin Oriental tower.

DowntownGymRat
Jul 10, 2008, 10:32 PM
Vegas will always have it's themed aspect no matter how many glass skyscrapers shoot up. New York New York, Excalibur, Paris and Luxor will ensure that. Circus Circus is soon-to-be-history, but I believe these others are here to stay. Excalibur barely though only because of the kiddies, but it'll have to go through a transformation inside similar to Luxor's eventually. Personally, I'm glad the skyline is changing from an overgrown putt-putt land to a sexy, taller, eco-friendly one. I'd give anything for the airport to shut down their North/South runway so the FAA would allow supertalls on the strip. But I also want the hotels mentioned above to stay to always keep a part of Vegas themed.

RandalR
Jul 11, 2008, 1:34 AM
However, the current luxury crop is what the market demands, what the visitors want and there is no way/need of stopping this.

I'm not sure if it's what the visitors want or if it's what the <1% of visitors who drop $20,000 on bottle service in the clubs want - looks to me like too many investment dollars chasing too few high-rollers. But it's easy enough to adjust a new hotel's focus to the middle market visitor if there aren't enough L.A. drug dealers coming to town to keep Pure and Tao afloat. :D

mdiederi
Jul 11, 2008, 3:23 AM
When I moved here Excalibur was the biggest and it was sort of embarrassing moving to a city with such a monstrous folly as that. I'm glad it's finally being relegated to a footnote in the skyline.

ScottG
Jul 11, 2008, 5:50 AM
if you drive down koval behind harrahs flamingo and imperial palace - youll see that all those bought out aprtments are boarded up - some are / have been demoed! that entire back area is being leveled - roads as well - there is a construction sign posting the block demolistion project - theres a lot of space to be had back there!


so while you are on koval keep going north where wynns employee garage is - at the top right corner of the garage (whenfacing north) there are 2 5'x5' "signs" (i guess) in a brownish color - kinda like lattice work - each with a lower case 'r' - (wtf?) what is this - they are ATTACHED tot he garage - not necessarily part of the design - nt blocking or framing anything...any thoughts? or witneses of this?
also luxor wich is now has become a billboard for convention tenants to post advertisements on now has another ad (when did they put this up - seems like they got the process down to under a day) revealing the BElieVE show

Jake2006
Jul 12, 2008, 1:56 AM
City Center breaks ground on new Fire Station.

http://www.lasvegassun.com/blogs/news/2008/jul/10/citycenter-fire-station-groundbreaking-today/

mdiederi
Jul 12, 2008, 7:19 AM
http://img.photobucket.com/albums/v120/mdiederi/buildings/Echelon/Ech-2.jpg

http://img.photobucket.com/albums/v120/mdiederi/buildings/Fontainebleau/FONT-3.jpg

CHAPINM1
Jul 12, 2008, 8:23 AM
:previous: Those shots made my day! Great shot of the contrast between Sky and Fountainebleau! The transfer floor on Fountainebleau I think is the 39th floor so this puts contruction at floor 51. Echelon is coming alone nicely as well, great to see Wynn standing proud as well! Thank you very much for the update mdiederi!

lfc4life
Jul 12, 2008, 9:47 AM
:previous: Those shots made my day! Great shot of the contrast between Sky and Fountainebleau! The transfer floor on Fountainebleau I think is the 39th floor so this puts contruction at floor 51. Echelon is coming alone nicely as well, great to see Wynn standing proud as well! Thank you very much for the update mdiederi!

the render puts the transfer floor at 33 based on a 63 story building, that means they are working on floor 46, i count 30 floors above the transfer floor on the big render on jaz's page at the top right and they are only working on floor 13 above the transfer in marks photo

http://www.vegastodayandtomorrow.com/fontainebleau.htm

edit: however based on this photo the transfer floor is 36, i am confused........... http://www.vegastodayandtomorrow.com/images/Fontainebleau_080601%20.jpg

RandalR
Jul 12, 2008, 3:09 PM
Well, regardless, it will end up being about as tall as the copyright notice in the picture above.

They've started to put the facing on the side of the garage facing Riviera - it will be interesting to see how they do it on the Turnberry side now that there is no room to put a crane over there. Reach over the top, I guess, which might create some scary moments for Turnberry's tennis players down below...

http://i48.photobucket.com/albums/f245/RandalR/Las%20Vegas/FontainebleauGarage20080704.jpg

mdiederi
Jul 12, 2008, 3:24 PM
I don't think they have to use big cranes to attach the facade.

mdiederi
Jul 13, 2008, 10:58 PM
Another Echelon shot. I love the monsoon clouds this time of year.

http://img.photobucket.com/albums/v120/mdiederi/buildings/Echelon/Ech3-4.jpg

mdiederi
Jul 13, 2008, 11:14 PM
More Font shots.

http://img.photobucket.com/albums/v120/mdiederi/buildings/Fontainebleau/Font2-14.jpg

http://img.photobucket.com/albums/v120/mdiederi/buildings/Fontainebleau/Font1-10.jpg

http://img.photobucket.com/albums/v120/mdiederi/buildings/Fontainebleau/Font3-10.jpg

http://img.photobucket.com/albums/v120/mdiederi/buildings/Fontainebleau/Font4-7.jpg

http://img.photobucket.com/albums/v120/mdiederi/buildings/Fontainebleau/Font5-5.jpg

Aaron Auxier
Jul 15, 2008, 4:55 PM
Forum double posted - see below

Aaron Auxier
Jul 15, 2008, 4:56 PM
Recently, it seems there has been some confusion by various websites and/or persons in regards to several Las Vegas price-per-square-foot records that were set at MGM MIRAGE CityCenter. One website goes as far as hinting that MGM MIRAGE and/or Dubai World sold units to their own people and then released press releases to "hype" the project.


To clear the air...


I wrote an article about it - You can read it here. (http://activerain.com/blogsview/594505/Clearing-the-air-about)

Fiorenza
Jul 15, 2008, 5:10 PM
Thanks for the update.

Fiorenza
Jul 15, 2008, 5:20 PM
.

silverbow
Jul 15, 2008, 7:50 PM
http://www.prweb.com/releases/WET_Holdings/theme_park_acquisitions/prweb1107944.htm (http://www.prweb.com/releases/WET_Holdings/theme_park_acquisitions/prweb1107944.htm)

PR / Newswire

Las Vegas resort developer pursues strategic theme park acquisitions.

WET Holdings, Inc., developer of the proposed new Las Vegas entertainment destination resort, Las Vegas WET, today announced they are advancing their strategy for multi-faceted entertainment resorts that will be “go to” resorts for a very large demographic. Based on the initial development of Las Vegas WET, the scope and focus of the company continues to grow along with investor enthusiasm. “The Las Vegas WET Project continues to move forward along with strategic investments,” said Dina Kelley, WET’s VP of Marketing. “Our strategy is paying off as we maneuvered around the credit crunch earlier this year. Considering the market’s appetite for new development of this type in Las Vegas, we revisited our strategy for acquisitions to pace our momentum while building market value.” WET Holdings continues to move forward on the Las Vegas WET project which includes the largest indoor water park in North America, a snow dome where guests can ski and snowboard indoors year round. Our Global Entertainment Resorts (GER) concept continues to expand as WET makes strategic acquisitions.

“We find our investment partners share our vision for global entertainment and multi-faceted parks and their long-range potential for financial gain in an insatiable entertainment and travel market,” Kelley said. “Our current select investment partners allow us to effectively manage the challenges of current and future capital markets. We have expanded our focus beyond Las Vegas WET and are looking at strategic mergers and acquisitions to build market value, provide positive cash flow and develop strong ingredient brands. WET Holdings, with help from an equity capital pool that tops ten figures, is looking at strategic purchases in the theme park industry.” While staying mum about who they are talking to, Kelley did say that the company has made some offers to some ‘very visible brands.’ “While the Las Vegas WET Project would have created many new brands along with leveraging off of some existing ones, we felt it prudent to shift our strategy for the moment and focus on getting some very recognizable brands into our portfolio,” Kelley said.

About WET Holdings
WET Holdings was founded in 2006 to develop a 200+ acre entertainment destination resort in Las Vegas, Nevada. Designed by a group of theme park, gaming and hospitality veterans, WET Holdings continues to advance its strategy for multi-faceted entertainment destination resorts. Phase I of the WET strategy is the Las Vegas WET project, which will be one of the largest amusement and entertainment complexes in North America. It will include the largest indoor water park in North America, a snow dome where guests can ski and snowboard indoors year round, as well as retail, and attractions, all linked to six major hotels with gaming and superior Vegas-style dining and entertainment venues. WET Holdings is scheduled to deliver the initial resort in Las Vegas in late 2011/early 2012 along with joint ventures outside of Las Vegas bearing the name of WET Holdings. WET Holdings continues to embrace “Go Green” initiatives with design, construction and acquisition strategies. WET Holdings has multiple investment partners and joint venture partners to deliver the largest most unique entertainment destination resorts in the world. For more information, visit www.wetholdings.com (http://www.lasvegaswet.com/index.php) or contact Dina Kelley at dkelley(at)wetholdings.com.

(Link to website also shows renderings.)

Jake2006
Jul 15, 2008, 8:21 PM
Aaron;

I do agree with you about the local press as I have read one negative article after another about how bad (their words) the real estate market is in Las Vegas. However, I don't understand why since home sales in Vegas have actually increased for six consecutive months although home prices continue to drop (http://www.lasvegassun.com/blogs/news/2008/jul/09/home-sales-rise-prices-continue-slide/)

While negative articles may sell papers, it only hurts the City and even the paper in the long run. We all know the real estate slow down all across the nation is serious but there is also good news which does not seem to get reported. Like you, I don't mind honest reporting even if it is negative as long as the good stuff also gets reported.

Las Vegas should be very proud of the vision that the City Leaders and Developers are bringing to their City. I would really like to see a good article about how this City is being transformed before our very eyes.

IHIH11
Jul 15, 2008, 9:17 PM
:previous:
Agreed, the rate of development in vegas is amazing, but i do think that it will be slowed down by the economy:( :( :(

Aaron Auxier
Jul 16, 2008, 1:28 AM
I am really glad to see some news come out about Las Vegas WET. Las Vegas really needs an amusement and/or water park. If they can pull this off, that would be awesome.

I was down in Anaheim recently and what a mess Los Angeles has become for traffic etc. Why wouldn't someone want to build a massive amusement park complex in Las Vegas? We have perfect amusement park weather and lots of good space.

I truly think Disney should consider doing a Walt Disney World here, perhaps somewhere between State Line and the Strip. With the bullet train from Anaheim to Vegas making more noise, you'd think they are at least THINKING about capitalizing on it, should it become a reality.

Vegas is not just about adults, THE STRIP is just about adults. Nobody says we can't have world-class amusement parks "Off Strip". We have massive family oriented master-planned communities such as Summerlin and Green Valley - Why do we not have culture, zoos, amusements parks, and museums such as Los Angeles, Chicago, and Florida? Las Vegas needs to start thinking bigger than gaming and spas.

BTW - why would ANYONE go to Anaheim to Disneyland or to Valencia for Magic Mountain when they could come to Vegas for a massive mega-park resort that rivaled WDW in Orlando? The West Coast needs one and I see no other city on the map that offers a better opportunity to theme park developers, residents, and tourists alike.

Aaron Auxier
Jul 16, 2008, 2:17 AM
Aaron;

I do agree with you about the local press as I have read one negative article after another about how bad (their words) the real estate market is in Las Vegas. However, I don't understand why since home sales in Vegas have actually increased for six consecutive months although home prices continue to drop (http://www.lasvegassun.com/blogs/news/2008/jul/09/home-sales-rise-prices-continue-slide/)

While negative articles may sell papers, it only hurts the City and even the paper in the long run. We all know the real estate slow down all across the nation is serious but there is also good news which does not seem to get reported. Like you, I don't mind honest reporting even if it is negative as long as the good stuff also gets reported.

Las Vegas should be very proud of the vision that the City Leaders and Developers are bringing to their City. I would really like to see a good article about how this City is being transformed before our very eyes.

There are many many layers to Vegas' real estate problems. Some of them, we have less power to control - inflation, interest rates, tight mortgage lending, etc.

My main issue is with the hesitance to print positive stories about Vegas. Sadly, most locals do nothing about it. In particular, those in real estate have entered "survival mode". Awesome deal, best price, hurry, yada yada yada. The valley has turned into one giant car dealership.

While those keywords dominate the real estate landscape, words such as crisis, foreclosure, war, gas, and tourism dominate the headlines.

What's crazy is, after 911, we were told to go out and travel, spend money, buy homes, etc. Here we are seven years later, and everyone is scared to simply fill their gas tank and drive across town. The nation is living in fear. And you know where Yoda says that fear takes you.

The U.S. as a whole is taking a beat down unlike many of us have seen in our lives - a story that we will (one day) tell to our grandchildren.

For some reason, however, it seems the media has targeted Las Vegas as the place in which to spread negativity. It's no laughing matter that they have time and time again reported false stats (particularly in the high-rise market). Can't blame em', the headline that "The unbeatable Las Vegas has been Knocked Out" is quite the attention grabber.

It's no fun to have to complain, but I think we all need to raise our hands a tad more and hold others accountable when they avoid telling anything positive. Records get set? Barely anyone reports - as a matter of fact, you get bloggers questioning their validity. Sales are up six months in a row? You see agents blogging it, you see it mentioned once or twice in a local newspaper - but do you see the national press repeating it?

Setup Google Alerts for "Las Vegas real estate". Watch what happens when a negative Las Vegas story gets written, it gets repeated all day long and will show up in your inbox as other members of the press repost it. Watch what happens when a positive story gets reported.

As far as why sales are up six months in a row yet prices continue to decline? There are many reasons one could argue why this is happening. One fact is that the mortgage lending crisis makes it very difficult for borrowers to get loans. Also, interest-only ARMS continue to reset, continuing to feed the inventory beast. Banks are slow to accept offers on REOs, short sales take forever, and overall, it's a slow process to crawl out of such a deep hole. Combine all of that with buyers constantly reading what a disaster Las Vegas is and you greatly harm recovery.

It's all relevant, and it all feeds into more problems. Real estate negativity creates negative headlines, negative headlines scare buyers, scared buyers cause market to slow, slow market cause real estate negativity. Rinse and repeat.

Everyone is out for themselves -and until the people of United States get tired of living in fear, we are all in for a bumpy ride.

Thankfully, I have a feeling that while negativity steals the spotlight, Las Vegas is preparing a giant punch back. And when it delivers it, the opponent will once again bow to this city's power and greatness.

Aaron Auxier
Jul 16, 2008, 2:57 AM
Very deep article in the latest issue of Barron's explaining several interesting facts about the United States real estate market.

Interestingly enough, the chairman of the S&P Index Committee says that the national media has pretty much shown no interest in positive findings.

http://online.barrons.com/article/SB121581623724947273.html?mod=b_hpp_barrons_most_viewed_day

ScottG
Jul 16, 2008, 3:25 AM
great article aaronabout the false 'news'!


and congradulations!

im curious and baffled by the response to your attempts to correct figures and pursuay positive news media - if the newspapers and news channels refuse to air this - im sure the less corporate MAGAZINES would love share this 'dis-information' - usually "vegas weekly" - which is the closest to opinionated articles - has information on corrupt senate leaders - money laundering business mogals etc. - i think you may have somethine here - you hae the proof and substance showing how the media neglects to share BOTH sides of the news (inregards to real estate) - this brings up two issues - how corrupt the news is - and how bad the real estate market in vegas is NOT. it would be interesting to see a comment from MGMMIRAGE or TRUMP or any other high rise condo PR in response to the media not necessarily giving them and their projects / busieness much hype when in reality they should be in the spot light with what is being accomplished.

Jake2006
Jul 16, 2008, 2:11 PM
Aaron;

Thanks for the link.

ScottG;

Here, Here. Good Post and observations.

Question to all:

MGMMirage will announce earnings on Aug. 5th. Does anyone know if that will include the number of units sold at City Center (including Dubai)?

Vtown420
Jul 16, 2008, 2:46 PM
http://farm4.static.flickr.com/3003/2665412357_5813601775_b.jpg
http://www.flickr.com/photos/dmclean/2665412357

ScottG
Jul 17, 2008, 1:56 AM
tonight at11 channel 8 the new owner of the saharah will have his first tv interview describing what he plans to do with the joint

DowntownGymRat
Jul 17, 2008, 2:20 AM
I completely agree about Vegas being a great location for a theme/water park (minus July and Aug heat). Unfortunately, most if not all companies in that particular industry are struggling thanks to the sagging economy. I feel confident however that when the economy picks back up, Vegas WET will get off the ground. From some designs I saw, it looked like it would be part water park and part snow skiing...yes, I said snow skiing. Apparently there are plans to create a huge climate controlled dome which would include some type of snow boarding/skiing feature. All I ask is that they make a good part of the park "adult" to keep the crying kids away from my hangover.

To get back on topic of this thread: when both are completed, will Echleon or F-Blue be taller?

mdiederi
Jul 17, 2008, 4:34 AM
F-Blue

kenratboy
Jul 17, 2008, 4:59 AM
About the economy hurting projects - maybe in some areas it could HELP. Yes, the US is down, and goods prices are up (diesel, steel, concrete, etc.), but the dollar is weak and foreign investors might be looking for a deal...which would still be a good deal for people here as sellers. Just a thought, but look at The Spire.

Aaron Auxier
Jul 17, 2008, 5:44 AM
I took this shot yesterday. Looks like some kind of penthouse level on the northern section of ARIA.

Almost looks topped off does it not?

http://item.slide.com/r/1/200/i/gS-5WNm45j9aU-MR1X3gIFUIZ26actOg/

cal_dude
Jul 17, 2008, 5:57 AM
Hi guys,

We are a group of buyers in the Stanhi high-rise in downtown Las Vegas and we went into contract when the project was proposed. Because the project has not moved forward, we’re considering legal steps against the developer to get out of the contract and get all of our deposit money rightfully returned. We have good reasons to believe that the developer has been in material breach of the contract since January 2007. We are considering starting a class-action lawsuit against the developer. If you are in the same situation, contact me at robertb@thegoodlifeguys.com.

Regards,
Robert

mdiederi
Jul 17, 2008, 6:55 PM
El-Ad Suffers Setback in Brokerage Fee Lawsuit (http://www.globest.com/news/1201_1201/lasvegas/172385-1.html)

On July 10, US District Judge Larry R. Hicks denied El-Ad Properties’ motion for summary judgment against the plaintiff and also overruled its objection to having Tshuva deposed.

mdiederi
Jul 17, 2008, 10:31 PM
There's a ton of ground preparation work going on at the Union Park site, but it doesn't really look like any new buildings are getting ready to break ground, more like infrastructure work, sewers and roads and stuff.

Construction on Gehry's Ruvo Brain building has ground to a snail's pace. They started on the bent facade a couple months ago and then stopped working on it. I drive by every day now and all I ever see is two or three workers with a fork lift moving things around.

Silas
Jul 18, 2008, 6:55 PM
I have it on good authority that this is a deal which will be done. It is actually going to happen and will be fast-tracked. It makes sense for Vegas.

BrandonJXN
Jul 18, 2008, 7:42 PM
Why can't they destroy the existing monorail and rebuild it in the center of the Strip? And why didn't they originally do that? As opposed to going behind everything?

ScottG
Jul 18, 2008, 7:54 PM
^^^ because that was ruin the strip -


i was just reminded on a rendering i saw on the fencing around union park - of a high rise - hotel? office? condo? i dont know - this rendering was never posted here yet - and its a pretty nice looking building too - sorry i didnt get a picture of it either

Silas
Jul 18, 2008, 8:51 PM
......... for nothing.

http://www.miamiherald.com/business/story/608930.html

Lecom
Jul 18, 2008, 9:02 PM
What are the stops on the City Center monorail gonna be? Will it be connected to any other monorails?

mdiederi
Jul 18, 2008, 9:44 PM
Lake Las Vegas filed for Chapter 11 Bankruptcy.
http://www.globest.com/news/1202_1202/lasvegas/172440-1.html

mdiederi
Jul 18, 2008, 10:08 PM
This is that building that I keep forgetting what it is. Anyway, looks like they're well above the garage part.
http://img.photobucket.com/albums/v120/mdiederi/buildings/Tower-1.jpg

mdiederi
Jul 18, 2008, 10:14 PM
What are the stops on the City Center monorail gonna be? Will it be connected to any other monorails?
Looks like it will stop by the Monte Carlo pool and CityCenter theater on the south end, and by the Vdara and Bellagio Spa Tower on the north end. No connections to any other rail system.

Jake2006
Jul 18, 2008, 11:49 PM
Looks like MGM Mirage may also be downgraded.

http://biz.yahoo.com/ap/080718/mgm_mirage_ratings.html?.v=1

Aaron Auxier
Jul 19, 2008, 4:42 PM
Looks like it will stop by the Monte Carlo pool and CityCenter theater on the south end, and by the Vdara and Bellagio Spa Tower on the north end. No connections to any other rail system.

They have possible long-term plans of making the Automated People Mover continue south towards Excaliber, Luxor, and Mandalay Bay from what I've heard. It is very expensive, considering it is mag-lev technology (according to what I've been told at sales pavillion).

hotdog
Jul 19, 2008, 5:49 PM
I highly doubt that the CityCenter train is a mag-lev. There is no reason to make a slow moving train magnetically levitated, since the friction forces are small anyway.

Aaron Auxier
Jul 19, 2008, 6:33 PM
I highly doubt that the CityCenter train is a mag-lev. There is no reason to make a slow moving train magnetically levitated, since the friction forces are small anyway.

This is a great point and I have made a couple high-level calls this morning to clarify. I have done approx. 50 tours at CityCenter with clients and have many times been told it is Mag-Lav. They always pointed out how its cost was over $100 million for just three stops.

I'll try to update the forum when (and if) I get a clear answer.

mdiederi
Jul 19, 2008, 8:01 PM
just three stops.
Do those three stops include the ends, or are there threes stops in between?

Aaron Auxier
Jul 19, 2008, 8:28 PM
Do those three stops include the ends, or are there threes stops in between?

Three stops altogether. Near Vdara (Bellagio), The Crystals, and Monte Carlo.

lfc4life
Jul 19, 2008, 11:28 PM
They have possible long-term plans of making the Automated People Mover continue south towards Excaliber, Luxor, and Mandalay Bay from what I've heard. It is very expensive, considering it is mag-lev technology (according to what I've been told at sales pavillion).

i have always thought the city center people mover was completely pointless, they should have just connected up the existing two trams systems Mandalay Bay to TI (i am sure harrahs would have been ok if a stop at caesars was added). now will we have 3 different rail systems on the same side of the strip all within 2.5 miles or thereabouts; seems pretty daft to me

neworleans
Jul 20, 2008, 12:16 AM
http://farm4.static.flickr.com/3046/2683983848_c57007de53_o.jpg

article from the las vegas reviewjournal

http://www.lvrj.com/business/25644844.html

neworleans
Jul 20, 2008, 12:20 AM
new wing at South Point opens monday

http://farm4.static.flickr.com/3136/2683179751_896bf55b49_o.jpg

http://www.lvrj.com/business/25644864.html

neworleans
Jul 20, 2008, 6:20 AM
despite the many deaths, Perini Building Co. was still chosen to build terminal 3 at McCarran.

http://www.lasvegassun.com/news/2008/jul/19/bargain-what-cost/

hotdog
Jul 20, 2008, 6:32 PM
Well, I guess I stand corrected on the CityCenter maglev; it sounds like Aaron really did his homework, so I'll trust him, given that they said the price and that would be about what it would cost. I guess it makes sense from the point of view of a maglev company, having a high-visibility location to demonstrate a technology, perhaps to win the bid in building the proposed Las Vegas--LA train. And from CityCenter's view, it would draw the curious, and it presents a futuristic, environmentally friendly image.

Aaron Auxier
Jul 21, 2008, 7:29 AM
Well, I guess I stand corrected on the CityCenter maglev; it sounds like Aaron really did his homework, so I'll trust him, given that they said the price and that would be about what it would cost. I guess it makes sense from the point of view of a maglev company, having a high-visibility location to demonstrate a technology, perhaps to win the bid in building the proposed Las Vegas--LA train. And from CityCenter's view, it would draw the curious, and it presents a futuristic, environmentally friendly image.

hotdog, did you find out that it WAS mag-lev? I still have not received a phone call back in regards to my request. I've always been told it was, now I'm uncertain.

milquetoast
Jul 21, 2008, 7:49 AM
As far as Mag-Lev is concerned, the finished City Center would be the perfect place to showcase such a technology. However, because the proposed project is a run to Anaheim from Las Vegas, you really want to test that out on track of considerable length and at high speeds to work out the kinks. Running to the Monte Carlo is of no consequence.

milquetoast
Jul 21, 2008, 7:51 AM
Unless Mag-Lev is a cost effective short-run vehicle :)

hotdog
Jul 21, 2008, 8:22 AM
No, Aaron, I did not find out one way or the other about the maglev; I was just trusting your claim.

Aaron Auxier
Jul 21, 2008, 5:09 PM
No, Aaron, I did not find out one way or the other about the maglev; I was just trusting your claim.

As I stated afterwards, I do not know that that monorail is mag-lev anymore. Once you raised the question, I put in calls and emails to high-level sources at CityCenter. They did respond this morning (7-21-08) and said they would research. I also let them know that on-site sales executives have many times used that term.

At this point, I do NOT know whether or not the CityCenter monorial is mag-lev.