LAS VEGAS | Boom Project Rundown! 2.0 - Page 99

justdefended · #**1961** Posted **Apr 11, 2007, 5:08 AM**

Quote:

Originally Posted by ScottG

http://vegastodayandtomorrow.com/cosmopolitan.htm

look there for the first interior renderings of cosmo.....im not too impressed. the ceiling is kinda weird, but overall its common- nothing to write home about...unfortunatly

the aladdin location has problems because of the theme. it was too gautty

ugly jewels everywhere- now that city center is across the street, im sure even the aladdin would have profitted. but now the planet hollywood will definitly get out of the hole thanks to city center.

It looks like...every other mall on earth? I'm hoping they went really plain for the initial renderings and plan on upping the high-end scale with the finishes.

MrVegas · #**1962** Posted **Apr 11, 2007, 6:19 AM**

Here is an interesting article about the World Jewelry Center:

http://www.globest.com/news/881_881/.../159623-1.html

NYC2ATX · #**1963** Posted **Apr 11, 2007, 1:23 PM**

Quote:

Originally Posted by PolyArch

But please level the Barbary Coast for more pedestrian space and a new side entrance to the present Flamingo.

Yay! Someone feels the same way as me about Barbary Coast....I say knock it down and put some kind of pedestrian plaza there. the last thing that space needs is another narrow, ridiculous development.

mttbox · #**1964** Posted **Apr 11, 2007, 6:00 PM**

Trump announced starting sales of the 2nd tower on Sunday, any one know how is the sales doing?

ScottG · #**1965** Posted **Apr 11, 2007, 6:56 PM**

check out trumplv.com for the rendering showing both towers
id post the image but the internet is running slow

heyyoucharlie · #**1966** Posted **Apr 12, 2007, 5:49 AM**

mdiederi... you have some of the best picks on SSP, what kind of camera do you use... (sorry if this has been asked before, but I'm somewhat new and didn't see this posted anywhere) Anyway, Thanks!!!

BruceH · #**1967** Posted **Apr 12, 2007, 6:12 AM**

Quote:

Originally Posted by mttbox

Trump announced starting sales of the 2nd tower on Sunday, any one know how is the sales doing?

Sales are doing better than many expected. Overall, luxury hotel condos and residential condos along the Strip are getting more buyers now than two months ago. We sold many units in Trump Las Vegas Tower 1 and several in Tower 2. Tower 2 was allowed to be reserved starting a month ago to brokerages with strong past sales in Tower 1. Trump continues to be a strong brand.

mdiederi · #**1968** Posted **Apr 12, 2007, 6:17 AM**

I use a DSLR with a couple lenses up to 300mm.

heyyoucharlie · #**1969** Posted **Apr 12, 2007, 6:23 AM**

Quote:

Originally Posted by mdiederi

I use a DSLR with a couple lenses up to 300mm.

Thanks!!! Love your work/pics on here!!!

PuyoPiyo · #**1970** Posted **Apr 12, 2007, 8:26 AM**

Quote:

Originally Posted by PolyArch

Hope some one from Harrah's is reading this. The Imperial Palace would be imploded to make way for this and even taller towers can be built on the back side and the design could continue on the current Harrah site. Just for serious fun. Although dated I didn't think the Flamingo was ready to get blown off the face of the strip. But please level the Barbary Coast for more pedestrian space and a new side entrance to the present Flamingo.

GO VEGAS GO

Honestly, I don't think that building is pretty...

designer3d712 · #**1971** Posted **Apr 12, 2007, 1:17 PM**

Quote:

Originally Posted by ScottG

check out trumplv.com for the rendering showing both towers
id post the image but the internet is running slow

gmcclenon · #**1972** Posted **Apr 12, 2007, 5:43 PM**

Mark is spreading rumors over at VT&T about MGM possibly buying the lot across from the Sahara. Only one reason to do that - to make its Circus Circus lot stretch all the way from Echelon to Sahara Blvd. Can anyone say PCC II?

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

Silas · #**1973** Posted **Apr 12, 2007, 6:04 PM**

This may be way too cynical - but it could be that this is MGM's strategy:

Lock up the parcel across from Sahara. Land bank it, and with the Circus-Circus as it is, ensure that the entire area is a lower end, 'nothing-to-see-there' part of the strip dominated by dark, empty condos and Circus-Circus. A couple of places like Fontainbleu (if ever built) would be isolated from the real action.

Why would they possibley consider doing this?

To endsure that the luxury migration to the North end of the strip never happens, and that the action all remains where it is -- namely around CityCenter/Harmon and in fact, where MGM dominates the turf.

Does MGM have this kind of vision?

gmcclenon · #**1974** Posted **Apr 12, 2007, 6:22 PM**

Wow that's cynical! You may be right but I don't think so. Here's why. You'd also have to be betting against Sam Nazarian and his new pal Philippe Stark that will be turning the Sahara into an uber-cool place, Glenn Schaeffer of Mandalay Bay fame and Turnberry (construction has started at Fontainebleau and funding is in place) and the Maxim and LVTI. And the Riv never getting sold and revamped. No, I think the North is next and I think MGM is blocking their competitors but not by landbanking but by building. Now they may take their time however....

philip · #**1975** Posted **Apr 12, 2007, 7:08 PM**

Trump Tower 2 seems to face a different direction than Trump 1. Look at the location of the pool

philip · #**1976** Posted **Apr 12, 2007, 7:12 PM**

Regarding VTNT's rumor:
I don't see how buying that land across from Sahara and combining it with Circus Circus can give MGM any strategic advantage in building a new resort when you have all these small hotels/casinos stuck in the middle and taking up half of the strip frontage. The day the North End of the Strip is to get the same level of activities which the south/central Strip now enjoys is at least 10-15 years away. The market and the environment/ servicescape is simply not there. The potential of expanding north is further detrimented by the fact that the area north of Sahara Ave is residential neighborhood with NIMBYs. So you won't get the same kind of synergy center strip has.

The only strategic advantage they can get from buying this land is NOT to develop it for the short-term as Silas suggested. And if you look at MGM Mirage's plans for the future (page 10: http://media.corporate-ir.net/media_...Citigroup.pdf), they still have lots of vacant lands on the south end of the strip and at the back of Monte Carlo, NYNY where they "already" have development proposals for these area. And this is the place where MGM will focus on for the next 10 years.

The only thing MGM would do with that place across Sahara is to buy the land, let it sit empty for a few years, wait for the surrounding areas to develop. By the time that area gets more crowded and the land value is high that it will be a waste to let it sit empty, THEN MGM will develop it, just like the way they did it with the land CityCenter now sits on. However, even this scenario seems still very unlikely to happen given the fact that 1. Las Vegas Strip is no longer the gaming capital of the world, 2. Lots of opportunities and rapid expansion in Macau, 3. MGM wants to diversify into the non-gaming luxury hotel chains business with locations all around the world while partnering with Chinese and Abu Dhabi companies (contracts already signed), and 4. MGM's strong preference in developing large scale Master-planed community in Jean and Atlantic City.

In 15 years, MGM Mirage will become a much larger and a much different kind of corporation than it is today, the value proposition on that piece of land across Sahara pales in comparison to what MGM has in mind for its future. (expect that place to sit empty for another decade, whether MGM buys it or not.)

Silas · #**1977** Posted **Apr 12, 2007, 7:53 PM**

Good points Patrick.

Another cynical view is that this is just hype generated by Trump and his marketing buddies. Much like the '$50 million/acre' for the New Frontier came and went. All these deals just as Trump is marketing the second tower? Hmmmm....

With all these projects, Trump Towers are in the thick of things. Without these deals, they remain isolated. Their landscaping is a parking lot, within a parking lot.

But why would I be cynical about Las Vegas condo marketing?

philip · #**1978** Posted **Apr 12, 2007, 8:09 PM**

Quote:

Originally Posted by Silas

Good points Patrick.

My name is Philip

. Unless you are refering to a post Patrick made earlier.

mdiederi · #**1979** Posted **Apr 12, 2007, 8:35 PM**

Actually, that RV park north of Circus Circus has always been earmarked by MGM as future development ever since they bought out MRG. Buying that big chunk of strip frontage on that empty lot (the only empty lot left that's up for sale) would make developing the RV park much more feasible. If somebody else buys that lot and develops it, it would make it much more difficult for MGM to ever develop the RV park.

Quote:

Originally Posted by MGM Mirage spokesman Alan Feldman

Circus Circus has been successful and we'll certainly take a look at a redevelopment plan down the road, ... I think a sale of the Sahara gives us some encouragement for that end of the Strip. We like to see new money come into Las Vegas. It gives the market a continued vibrancy.

MGM/Mirage investor presentation

Silas · #**1980** Posted **Apr 12, 2007, 8:47 PM**

Sorry about that, Philip.