LAS VEGAS | Boom Project Rundown! 2.0

[chris08876]

SLS Las Vegas Opens

The SLS Las Vegas arrival comes seven years after the Great Recession ravaged Las Vegas.

Now, our economy is in a recovery and the team that brokered the SLS property deal says more economic progress is on the way.

The street will always be named Sahara, but the legendary hotel that stood here for 58 years is history.

Once Friday night becomes Saturday morning, the doors at SLS Las Vegas open to the public, ushering in a new era on the corner of Las Vegas Boulevard and Sahara Avenue, and experts say for this part of the Strip, a new economic era.

Las Vegas knows how to reinvent itself. Julia Rothwell has been coming for 15 years, and each visit is new and different.

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http://www.8newsnow.com/story/263315...h-end-of-strip

[chris08876]

Five New Hotels That Will Change the Strip

The Cromwell:

After its opening in May of 2014, the Cromwell became Las Vegas’s first boutique hotel. Parisian-style architecture, along with a romantic interior design make The Cromwell a one of a kind resort. The very exclusive hotel offers a VIP experience to each one of its guests through luxurious amenities, world-class dining, and entertainment. The Cromwell’s featured restaurant, Giada, cooks up fine Italian-style dishes created by celebrity chef, Giada De Laurentiis, while the rooftop club, Drai’s, doubles as day and nightclub to host endless parties and events. The Cromwell is ideal for travelers who are attracted to lavish side of Las Vegas.

Delano:

Opening in the fall season of 2014, the Delano is a luxury resort that will be located in the 43-story golden tower at Mandalay Bay. The high-end, conceptual hotel opened its first location in Miami, and now promises to extend the South Beach feel to the Las Vegas strip. Each highly sophisticated room is formatted as a suite, and offers different size and view options, including a suite with a panoramic view, and even a dog friendly suite. The Delano offers all the splendor of a boutique hotel, with the extravagance of the Mandalay Bay Resort right at its door step.

SLS Las Vegas:

The legendary new Las Vegas hotel opens its doors on Aug. 23. The SLS Las Vegas pays homage to its predecessors with a contemporary twist on the classic, “Old Vegas” feel. This casino resort will offer every aspect of Las Vegas entertainment imaginable. Life is presented as the resort’s high-energy beach and nightclub, while Foxtail provides a more intimate, lounge setting both indoors, and by the pool. The SLS Las Vegas stays ahead of the game with dining and shopping, featuring restaurants such as Katsuya by Starck, Bazaar Meat by Jose Andres, and designer retail by Fred Segal. The SLS Las Vegas boasts the bold tagline, “History Made Here”.

The Linq:

The trendy new Las Vegas hotel and casino plays hosts to some of the most hip social spots to hit Las Vegas this year. LINQ’s cutting edge hotel and casino were designed with a minimalistic and ultra-modern approach, creating a chic atmosphere throughout the entire establishment. The Linq’s “backyard” features two new Vegas hot spots. The record-breaking High Roller Ferris Wheel, along with the famous Brooklyn Bowl concert venue ensure unforgettable experiences for travelers, with breathtaking views, and legendary musical talent. The Linq is surrounded by popular bars, gourmet pastry shops and restaurants, unique shopping, and so much more. This new Las Vegas location will have its guests gushing for years to come.

Resorts World:

This recently confirmed Asian-themed resort is not set to open on the Las Vegas strip until 2016, but the wonder that Resorts World Las Vegas holds will have travelers on the edge of their seats, waiting for its arrival. Rumor has it, the prospective casino and resort will feature a Panda exhibit, as well as an indoor water park. Other exciting amenities are said to include an aquarium, bowling alley, endless shopping and dining, and a 4,000 seat theater. Las Vegas locals and guests alike are sure to be blown away by Resorts World Las Vegas, as this establishment is sure to change the future of the Las Vegas experience.

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http://hauteliving.com/2014/08/five-...-strip/516223/

[mdiederi]

^^ Was that written by the Convention and Visitors Authority? Doesn't read like it's from any sort of real news source.

[N830MH]

Developers behind Major League Soccer proposal estimate $1.2 annual profit

http://www.lasvegassun.com/news/2014...-proposal-est/

A downtown stadium for Major League Soccer would generate $23.9 million in revenue per year and a profit of $1.2 million, according to a financial analysis released today by the project’s developer.

The estimate includes $10.5 million in ticket sales, based on an average attendance of 18,000 people per game. The MLS average attendance for Major League Soccer was 18,523 fans per game, according to ESPN.

Another $8.3 million would come from naming rights and sponsorship, $3.7 million would come from concessions and merchandise sales, and $1.4 million would come from parking fees and other special events, according to the analysis released by Findlay Sports & Entertainment.

Let the speculation begin.

[mdiederi]

Originally Posted by N830MH

Developers behind Major League Soccer proposal estimate $1.2 annual profit
.

The article clarifies it, but the headline makes it sound like they estimate one dollar and twenty cents annual profit.

Originally Posted by N830MH

Let the speculation begin.

I'm going to go out on a limb and estimate they will have a $1.2 million dollar loss, or more, per year.

[chris08876]

Las Vegas housing market going big — as in master-planned — again

No one expects a glut of new subdivisions anytime soon; the master-planned communities will be built in phases and aren’t scheduled to be finished for at least a decade. Nowadays, developers often build homes only after people agree to buy them, as opposed to the boom years when they frequently took out the hammers and hard hats without buyers lined up.

“Everyone’s more conservative,” said Klif Andrews, Las Vegas division president for Pardee Homes.

But if all goes as planned — and that’s a big “if” in economically wobbly Southern Nevada — the massive communities would bring up to 45,000 new homes to the region.

Projects would steer billions of dollars of work to the local construction industry, stretch the sprawled-out valley even more and likely raise concerns about water use in the parched region.

Las Vegas has some of the best-selling master-planned communities in the country, and local developers say there are few sites big enough where they can build a community from scratch with a range of amenities.

“We are running out, in the Las Vegas Valley, of quality home sites,” said Garry Goett, chairman and CEO of the Olympia Cos., a local development firm.

Cadence, at 2,200 acres, would have up to 13,250 homes, 1.1 million square feet of retail and a 1,500-room resort. Homebuilders are expected to start grading land this week.

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http://vegasinc.com/business/real-es...340.1411048693

[chris08876]

Largest industrial space development since recession in NLV

Workers from Frazier Masonry Corp. tilt up the first wall on a major industrial space development on Thursday, Dec. 18, 2014, near Pecos and Gowan roads in North Las Vegas.

National industrial developer Prologis is behind the project.

Global Industrial Distribution has signed a lease for 464,203 square feet at the site. TWC Construction is employing more than 300 workers at various times on the site.

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http://www.reviewjournal.com/busines...ion-nlv-photos

[RST500]

I just got back from Vegas.there are several large projects under construction north of Circus Circus. Anyone know what those projects are?

[RST500]

Originally Posted by mdiederi

That was going to be the Las Vegas Plaza, same owners as the Plaza hotel in New York. Last news as of 4/29/08 was that the Plaza project is on hold until the current economic issues improve.



http://www.vegastodayandtomorrow.com/the-plaza.htm

Is this project officially canceled or on hold?

[chris08876]

Here’s a list of the 10 biggest Southern Nevada projects

Over the next three years, 10 Southern Nevada projects will have $12 billion in capital expenses and spur economic development throughout the valley.

1. Resorts World Las Vegas, Strip resort project — $4 billion

It’s a 3,000-room resort by the Genting Group at the former site of the Stardust and Echelon. It would be the first Strip megaresort to be built in Las Vegas in close to seven years.

2. Las Vegas Global Business District, Las Vegas Convention Center refurbishment — $2.3 billion

In a bid to attract the international business community, the Convention Center overhaul would include a home for the World Trade Center and incorporate a transportation hub to accomodate several modes of transportation, including buses, taxis, the Las Vegas Monorail and, possibly, light rail.

3. Project Neon, Spaghetti Bowl freeway interchange project — $1.8 billion

The state’s largest public works project will include the redesign of several freeway exits and the construction of high-occupancy-vehicle flyover bridge designed to ease traffic on the merge of southbound U.S. Highway 95 to southbound Interstate 15 as well as its northbound counterpart.

4. Union Village, integrated health village in Henderson — $1.4 billion

Tabbed as the largest integrated healthcare facility in the world, ground has been broken on the 158-acre project that would include a world-class hospital complex and health center, residential, entertainment and specialty retail space, a senior retirement community and a civic and cultural arts center integrated into a master-planned community.

5. Switch, digitally connected data storage center — $1 billion

The expansion of the Supernap project in Southern Nevada is being coupled with similar facilities in Reno, Northern California and Southern California. When completed, it would be the largest looped data system in the country.

6. First Solar, solar power plant near Primm — $1 billion

You can’t miss seeing the massive field of mirrors and towers in the desert straddling the Nevada-California border.

7. Downtown Summerlin, retail center by Howard Hughes Corp. — $500 million

The first phase of Downtown Summerlin has already opened. Located next door to the Red Rock Resort, the center also may someday be home to the home of a AAA baseball stadium for the Pacific Coast League Las Vegas 51s.

8. MGM/AEG Arena, MGM Resorts International’2 20,000-seat stadium — $375 million

Located just west of the New York-New York property at Interstate 15 and Tropicana Avenue, the arena, already under construction, will handle large entertainment events, boxing matches and maybe, someday, a National Hockey League or National Basketball Association franchise.

9. Interstate 11-Boulder City bypass, state highway project near Boulder City — $350 million

It’s destined to be the first piece of Interstate 11, a freeway linking the two largest cities without an interstate highway connection, Phoenix and Las Vegas. Decades from now, it will be a portion of the Canamex Highway linking Canada and Mexico, serving as a primary route for goods arriving at ports in Mexico.

10. Las Vegas Soccer Stadium, downtown facility promoted by City of Las Vegas — $200 million

Currently the subject of political controversy, the 24,000-seat stadium on 13 acres in downtown’s Symphony Park would be a partnership between the City of Las Vegas, The Cordish Cos., and Findlay Sports & Entertainment. If built, it would be the home of the city’s first major-league sports franchise, a team in Major League Soccer.

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January 29, 2015
http://www.reviewjournal.com/busines...evada-projects

[IMBY]

I've lost all faith in the Genting Group re-starting construction on the Echelon site!

Well over a year ago, they were saying construction would being last Spring, then postponed to summer, then to November, and now postponed until this Spring sometime!

Same old excuses, they're refining and refining the details!

It's more than obvious they're in no hurry whatsoever to get this project built! If they knew, all along, this was going to be a big money maker for them, this project would have been finished by now!

[chris08876]

Las Vegas implosion takes down the off-strip Clarion casino

With a 4,400-pound explosive punch, a Las Vegas hotel turned into a pile of rubble early Tuesday.

The 12-story Clarion casino-hotel became the 13th hotel to gain implosion infamy in a town that explodes the old to make way for the new.

"Hopefully 13 will be a lucky number," Lorenzo Doumani, the site's new owner and developer, said a few hours before he and his family counted down to the Clarion's final seconds at nearly 3 a.m., flanked by two showgirls and having listened to a pre-implosion soundtrack of Frank Sinatra.

The 200-room casino-hotel opened in 1970 as the Royal Inn and was called the Debbie Reynolds — for its one-time owner — as well as the Greek Isles and the Paddle Wheel.

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http://www.miamiherald.com/news/nati...#storylink=cpy

[WestCoastSupertall]

Does anyone have a good list of U/C or proposed condos on the strip & downtown?

[chris08876]

^^^^^

Post #8982 , #8990 , and #8974 show a text list of major and upcoming projects. Some really big, and some more on the municipal level.

Currently, I have a couple of threads which get updated whenever news or renderings are released on major projects:

LAS VEGAS | New Frontier Casino (Crown Resorts) | FT | FLOORS

1) http://forum.skyscraperpage.com/showthread.php?t=212974

LAS VEGAS | Lucky Dragon Hotel & Casino | FT | 14 FLOORS

2) http://forum.skyscraperpage.com/showthread.php?t=215251

LAS VEGAS | Resorts World Las Vegas || 650ft | 492ft x 2 | 330ft x 2 | 44-57 fl

3) http://forum.skyscraperpage.com/showthread.php?t=210275

LAS VEGAS | Sixth and Fremont | FT | 40 FLOORS

4) http://forum.skyscraperpage.com/showthread.php?t=211795

- - - - - - -

These are some of the biggest projects currently, and other projects are the ones in the posts I listed above, all in this thread btw.

The real estate market is picking up in terms of hotels and even some residential, so 2015 should see some new developments.

In terms of condos, its not booming so you won't find a pre-recession like list.

[chris08876]

More about the Business District Proposal:

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Las Vegas Kickstarts Its Biggest Business Travel Development in 60 Years

In order to meet the demand of Las Vegas’ growing business travel market, the Las Vegas Convention and Visitors Authority is currently working on a proposal to develop an expanded conference and events hub.

The $2.3 billion Las Vegas Global Business District will be the LVCVA’s largest economic development initiative since the Las Vegas Convention Center was built in the late 1950s.

The Las Vegas Convention Center currently operates at capacity and, according to the LVCVA, many large clients express interest in expanding their shows. Attracting new events and conventions is another primary motivator for building a new space.

The project includes two phases, which includes an exhibit and supporting meeting space followed by a renovation of the existing convention center for a total 1.8-million-square-foot expansion. The total facility, including public and service areas, would extend nearly 5.7 million square feet by its completion.

Although news of the expansion is generating buzz, it would be five to eight years before the two-phase project is completed.

The initiative was announced in late 2014, but the first steps towards turning it into a reality are just starting.

A proposal to acquire the Riviera Hotel & Casino will be presented to the tourism board’s board of directors Friday to kickstart the organization’s land acquisition strategy.

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http://skift.com/2015/02/19/las-vega...t-in-60-years/

[chris08876]

Ground breaking is set for Resorts World Las Vegas the 5th of May, 2015. This mega resort being the largest one that will rise since the recession ended.

[chris08876]

Failed stadium project looms large for Las Vegas municipal election

This year's municipal election in Las Vegas will largely come down to how voters feel about a single issue — failed plans for a $200 million downtown soccer stadium.

Three incumbents — Mayor Carolyn Goodman and Councilmen Ricki Barlow and Bob Coffin — running for re-election helped pass a package worth nearly $100 million in city funds and land to help build the stadium at Symphony Park.

Although those plans fell apart when Major League Soccer told Las Vegas last month it would not be receiving an expansion franchise that was a prerequisite for building the stadium, the debate about the project has lingered into campaign season.

Goodman, Barlow and Coffin insist the project is dead, a missed opportunity to boost further redevelopment in the city's rebounding urban core.

But to their opponents, the stadium debate and the public funding associated with it has provided a ready made issue to challenge the incumbents on.

But that still might not be enough to overcome the edge in fundraising and name recognition held by the incumbents.

A total of four council seats will be on the April 7 primary ballot, headlined by a showdown between Goodman, who's trying to stretch her family's hold on the mayor's office to a fifth term, and City Councilman Stavros Anthony, who has made his opposition to the stadium the central issue of his campaign.

Early voting for the Las Vegas primary election starts on Saturday and runs through April 3. The races in Ward 1 and Ward 5 will be settled in the primary because only two candidates are running. The mayoral race and Ward 3 contest might not be settled until the June 2 general election if no candidate gets more than 50 percent of the vote in the primary.

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http://www.lasvegassun.com/news/2015...s-vegas-munic/

[chris08876]

Airpano added a new Vegas 360 panorama :: (16 March 2015) ::

Interactive Pan: http://www.airpano.ru/files/Las-Vegas-Reznik-USA/2-2

[chris08876]

Pipeline key to water supply for NLV Apex project

Big promises of more than 100,000 jobs and nearly $200 billion of economic impact over a 20-year period is attached to the development of the Apex Business Park in North Las Vegas.

"Apex is the project that will set us and the whole region apart from where we are today," said North Las Vegas Mayor John Lee in a conference on Jan. 27, 2015.

However, the question of whether or not there will be enough water to support the project lingers over the Apex development. Ledcor Construction completed a $150,000 study to figure out how to get as much as seven million gallons of water per day at peak demand to the 18,000-acre site located off of I-15.

Mayor Lee said an 18 mile pipeline will go out to the Apex site. The $100 million pipeline will bring the water from two locations near the Las Vegas Motor Speedway to the Apex site. The water will also come from within the existing water system in the city of North Las Vegas.

The Las Vegas Chief of Staff Ryann Juden said there will be enough water to sustain the project without putting a strain on the North Las Vegas infrastructure.

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http://www.8newsnow.com/story/285954...v-apex-project

[chris08876]

Toshiba Plaza

Developers of the $375 million arena behind New York-New York on the Strip have signed two major global brands — Toshiba and Coca-Cola — as founding sponsorship partners for the venue that is scheduled to open in April 2016.

In addition, Toshiba’s agreement with the arena development partnership of MGM Resorts International and Anschutz Entertainment Group (AEG) also includes a naming rights partnership for the 2-acre plaza being built outside the arena’s main entrance.

Toshiba Plaza will include outdoor entertainment space for a stage and video screens while providing an area for festivals, concerts and holiday celebrations.

Toshiba and Coca-Cola join Schneider Electric, a Paris-based energy management company, as founding partners. MGM-AEG is aiming to have eight to 10 founding partners, a small cluster of major sponsors instead of a large number of smaller sponsors. The arena is still working on getting a naming rights sponsor for the 20,000-seat building.

Founding partners receive prominent signage, luxury suites, ticket access and customized sponsorship plans that allow the company to showcase its products and services.

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http://www.reviewjournal.com/busines...hiba-coca-cola