LAS VEGAS | Boom Project Rundown! 2.0

[ScottG]

so i hate to breake the bad news about fountainbleau but......


ITS UNDER CONSTRUCTION!

....driving down riviera drive, a tthe back (where the property butts up against the turnberry place towers) they are digging a huge as hole! and looks like they have been for a while since its quite large and deep. so im thinking once that is done, then youll see some cranes up..... looks like thats the new thing in vegas, it may not be cheap, but having underground parking is favorable.....

[tumbleweed]

I am not sure that undergound parking is favorable as a guest experience but is just the result of higher density and the price of land along the strip.. fontainbleau will be nice, Steelman is doing a good job there. anyone know when they are trying to open?

[mdiederi]

Shot these last week. Hopefully gmcclenon will be posting some shots from a better angle up in Sky as this thing progresses.





They certainly have more land at the Font than the Cosmo for above ground parking.

[john doe]

Wow, Las Vegas is really booming!

[gmcclenon]

Originally Posted by mdiederi

Shot these last week. Hopefully gmcclenon will be posting some shots from a better angle up in Sky as this thing progresses.





They certainly have more land at the Font than the Cosmo for above ground parking.

Wow, you must be hacking into my Southwest account or something. Funny thing, I'm flying out to Las Vegas today. I'll take some more pictures around Sky and Fountainebleau. Don't think I'll have a chance to get up into the building however. I'll post what I see.

[philip]

Sheldon Adelson is confident about his Cotai Strip Plan

Growth Potential??

Wynn has a huge parcel of land to expand, MGM has the city center and many other vacant land to build upon, but Adelson is running out of space to expand.

He seems to expanding VERY QUICKLY in the Asian market where he is building the whole Cotai Strip in Macau and the Marina Sands in Singapore. However, he doesn't seem to have a long-term plan for the Las Vegas property. He should at least be thinking about buying new land if he intends to have continued growth beyond the Palazzo project.

Adelson is a very smart man (and the 3rd richest man in the United States), I am just trying to figure out what his rationale behind this decision is. Does he think there is not much growth potential in Las Vegas in the future?

Any thought?
(I may post this in skyscrapercity to get more opinions )

[mdiederi]

Originally Posted by philip

Sheldon Adelson is confident about his Cotai Strip Plan

Growth Potential??

Wynn has a huge parcel of land to expand, MGM has the city center and many other vacant land to build upon, but Adelson is running out of space to expand.

He seems to expanding VERY QUICKLY in the Asian market where he is building the whole Cotai Strip in Macau and the Marina Sands in Singapore. However, he doesn't seem to have a long-term plan for the Las Vegas property. He should at least be thinking about buying new land if he intends to have continued growth beyond the Palazzo project.

Adelson is a very smart man (and the 3rd richest man in the United States), I am just trying to figure out what his rationale behind this decision is. Does he think there is not much growth potential in Las Vegas in the future?

Any thought?
(I may post this in skyscrapercity to get more opinions )

Adelson has some sort of plan for that land across Koval beyond the Sands Expo. But that's off-strip, so a gaming analyst in one of the business newspapers speculated that the buyout of Harrah's by private equity groups interested in flipping a quick buck might foil their plan to remake the center strip and force a selling off of some assets, and Adelson was mentioned as somebody who might be interested in buying the Harrah's and Imperial Palace hotels which are adjacent to his Venetian, so that he could replicate the Cotai strip in Vegas, otherwise there's not much else land left on the strip for Adelson. Pure speculation, of course, because on the other hand, another analyst said that going private would allow Harrah's to more easily finance their massive makeover because they won't have to worry about scaring shareholders with such a huge long term investment. It's like a big monopoly game.

[future29]

it seems like we are never going to see what Harrahs has/had planned for center strip project. i have always felt that they were a sub par company and their casinos scream second rate to me. they got some class with the acquisition of Caesars, but who knows whats going to happen now after getting bought out.

on another note, the mayor is trying to lure an NBA team to the city but now is backing off the claims. http://www.ratevegas.com/blog/2007/0...emphis_gr.html

with the all star game in town, it would be great for anyone to post pictures around town what the festivities are like. I think MGM is putting up a huge poster on the building, any pics would be nice.

[ScottG]

love the posted pic on vegastat

i like the grand chaeau one...great billboard. is that the vegastat staff? lol

the encore with the stardust fire and bare buildings look like is a war zone!

[Mojava]

Great sales at Mandarin...

LAS VEGAS, Feb. 14 /PRNewswire-FirstCall/ -- More than 90 percent of the luxury residential offerings at CityCenter's Mandarin Oriental Las Vegas have sold in a mere 14 days and generated more than $600 million, signifying a robust market for Las Vegas' next generation development. The first of CityCenter's four residential developments to be released to the public for purchase, The Residences at Mandarin Oriental achieved prices well above expectations.

Still available is the Mandarin Penthouse collection, including luxurious two- and three- bedroom units ranging in size from 2,065 square feet to 4,259 square feet. These residences are priced from $3.7 million to $9.1 million and will be delivered as grey shells.

CityCenter, MGM MIRAGE's (NYSE: MGM) $7 billion dazzling vertical city, will open in the heart of the Las Vegas Strip between Bellagio and Monte Carlo resorts in late 2009. The development combines approximately 2,700 private residences; two 400-room non-gaming boutique hotels; a dramatic 60-story, 4,000-room resort casino; and a 500,000-square-foot retail and entertainment district into a single urban core. CityCenter is a design collaboration between MGM MIRAGE and eight of the world's foremost architects including Foster and Partners, Gensler, Helmut Jahn, KPF Architects, Pelli Clarke Pelli, Rockwell Group, RV Architecture LLC led by Rafael Vinoly and Studio Daniel Libeskind.

"The tremendous success of Mandarin sales, in terms of price and pace, demonstrates the value CityCenter offers the sophisticated residential real estate buyer and indicates that CityCenter is more than a city-within-a-city; it is a real estate micro-market with its own supply, demand and prices," said Tony Dennis, Executive Vice President of CityCenter's Residential Division. "Through its remarkable architecture, elite amenities, unmatched service and forward-thinking environmental initiatives, it is clear that CityCenter is making its stake as one of the world's most desirable residential communities."

CityCenter began taking reservations for two additional residential offerings in January and will begin to convert those to contract within the next month. Early demand far exceeded expectations. Vdara Condo Hotel, designed by RV Architecture LLC led by Rafael Vinoly, has already taken well above 700 reservations for its approximately 1,543 units and will go to contract beginning February 20. Veer Towers, distinctly designed by Helmut Jahn will be released for contract in March and has already taken more than 600 reservations for its approximately 674 units.

The final of the offerings, The Harmon Hotel & Residences, designed by Foster and Partners will be released in June. Each offering will be a superb architectural achievement, reflecting the brilliance and individuality of its designer. Dramatic exteriors will be matched by breathtaking interiors, where every appointment, texture and detail is the result of thoughtful consideration.

All CityCenter owners will enjoy exclusive privileges at MGM MIRAGE resorts in Las Vegas within its unmatched array of entertainment, gaming, shopping, dining, spa and nightlife offerings. Privileges range from priority restaurant reservations and access to preferred seating at shows, to exclusive invitations for special events and celebrity-style treatment at nightclubs and lounges.

For detailed views of CityCenter's spectacular residences and design possibilities, prospective owners can visit the development's stunning Residential Sales Pavilion, located at 3780 Las Vegas Blvd. South and open daily from 10 a.m. to 7 p.m. The Pavilion showcases full-scale models, unit locations, floor plans and the multitude of interior design options available for Vdara, Veer Towers and The Residences at Mandarin Oriental.

[justdefended]

I can't believe how fast those sold, starting at $1.5M!!

It's a strong indication that Veer and Vdara will perform well above expectations when they start going to contract this month and next month.

When you walk into that $22M sales center with a live camera of the construction it's probably hard to resist, especially when there are projects that have been announced for years and haven't seen half the development that CityCenter has.

Originally Posted by Mojava

Great sales at Mandarin...

LAS VEGAS, Feb. 14 /PRNewswire-FirstCall/ -- More than 90 percent of the luxury residential offerings at CityCenter's Mandarin Oriental Las Vegas have sold in a mere 14 days and generated more than $600 million, signifying a robust market for Las Vegas' next generation development. The first of CityCenter's four residential developments to be released to the public for purchase, The Residences at Mandarin Oriental achieved prices well above expectations.

Still available is the Mandarin Penthouse collection, including luxurious two- and three- bedroom units ranging in size from 2,065 square feet to 4,259 square feet. These residences are priced from $3.7 million to $9.1 million and will be delivered as grey shells.

CityCenter, MGM MIRAGE's (NYSE: MGM) $7 billion dazzling vertical city, will open in the heart of the Las Vegas Strip between Bellagio and Monte Carlo resorts in late 2009. The development combines approximately 2,700 private residences; two 400-room non-gaming boutique hotels; a dramatic 60-story, 4,000-room resort casino; and a 500,000-square-foot retail and entertainment district into a single urban core. CityCenter is a design collaboration between MGM MIRAGE and eight of the world's foremost architects including Foster and Partners, Gensler, Helmut Jahn, KPF Architects, Pelli Clarke Pelli, Rockwell Group, RV Architecture LLC led by Rafael Vinoly and Studio Daniel Libeskind.

"The tremendous success of Mandarin sales, in terms of price and pace, demonstrates the value CityCenter offers the sophisticated residential real estate buyer and indicates that CityCenter is more than a city-within-a-city; it is a real estate micro-market with its own supply, demand and prices," said Tony Dennis, Executive Vice President of CityCenter's Residential Division. "Through its remarkable architecture, elite amenities, unmatched service and forward-thinking environmental initiatives, it is clear that CityCenter is making its stake as one of the world's most desirable residential communities."

CityCenter began taking reservations for two additional residential offerings in January and will begin to convert those to contract within the next month. Early demand far exceeded expectations. Vdara Condo Hotel, designed by RV Architecture LLC led by Rafael Vinoly, has already taken well above 700 reservations for its approximately 1,543 units and will go to contract beginning February 20. Veer Towers, distinctly designed by Helmut Jahn will be released for contract in March and has already taken more than 600 reservations for its approximately 674 units.

The final of the offerings, The Harmon Hotel & Residences, designed by Foster and Partners will be released in June. Each offering will be a superb architectural achievement, reflecting the brilliance and individuality of its designer. Dramatic exteriors will be matched by breathtaking interiors, where every appointment, texture and detail is the result of thoughtful consideration.

All CityCenter owners will enjoy exclusive privileges at MGM MIRAGE resorts in Las Vegas within its unmatched array of entertainment, gaming, shopping, dining, spa and nightlife offerings. Privileges range from priority restaurant reservations and access to preferred seating at shows, to exclusive invitations for special events and celebrity-style treatment at nightclubs and lounges.

For detailed views of CityCenter's spectacular residences and design possibilities, prospective owners can visit the development's stunning Residential Sales Pavilion, located at 3780 Las Vegas Blvd. South and open daily from 10 a.m. to 7 p.m. The Pavilion showcases full-scale models, unit locations, floor plans and the multitude of interior design options available for Vdara, Veer Towers and The Residences at Mandarin Oriental.

[gmcclenon]

Originally Posted by mdiederi

Shot these last week. Hopefully gmcclenon will be posting some shots from a better angle up in Sky as this thing progresses.

They certainly have more land at the Font than the Cosmo for above ground parking.

Ok, here are the shots from yesterday of the Fontainebleau site. And a couple of shots around Sky.







Day and night shots of Sky and what's left of the Stardust

[The_Analyst]

I hope whenever they get around to taking down the 'El Rancho' sign that someone preserves it. Has there been any casino sign in Las Vegas that has stood so long advertising a casino that no longer existed? Even after years of the hotel being boarded up, numerous coverups (Countryland, Spacequest, Turnberry) and the demolition of the actual hotel, it still soldiers on.

[mdiederi]

Great shots. That'll be cool watching it grow from there. But I hope the construction isn't too noisy for you when you try to sleep there because they will be working all night long probably. When are they officially letting residence move into Sky anyway?

That is funny about the sign. It was recently covered with a Turnberry banner, but I think that blew off in a wind storm. The only other really old sign on a defunct casino I can think of is the Moulin Rouge on Bonanza Rd. And now everyone's wondering if the Lady Luck is going to end up that way?

[cosmo2k8]

Hello everyone,

If you're looking for some nicely designed flash brochures on CC and Vdara click on the link bdelow to view or download. The Vdara file is pretty expansive! Really all you need to know about about this particular condo-hotel can be found there as well as a real sweet looking rendering of the entire CC project located on page 15:

http://www.citycenter.com/citycenter...brochures.aspx

Cheers!

[gmcclenon]

Lower floors of Sky could be ready by mid March. The noise, unfortunately, will just have to be chalked up to the sweet sound of progress. I bought there almost two years ago in hopes of the north strip eventually being developed. Unlike the southern end where you pay $1200 to $1500 a foot for a unit with a strip address in the middle of the action, Sky is $500 to $750 a foot and with any luck in three years the action will come to it. (Here's me with my fingers crossed.)

Interior shot of 9 1/2 foot ceilings


Now if I can keep the kids from spitting on the sidewalk...

[ScottG]

thatview is toast...burnt up by maxim....thats the bad thing about highrises- the views are exciting until another tower goes up right infront of you

[gmcclenon]

Thankfully my unit is only 60 feet off the strip while Maxim's setback is about 150 feet. But you are right, be careful what you ask for. That's the problem with being in the middle of it all, can't see the forest for the trees....

[justdefended]

I love the CityCenter and Vdara brochures! They went to such lengths to describe the vision behind the project and Vdara it's incredible.

Looking at the Vdara brochure, it looks like it will be MGM's W Hotel. Chic, modern, only with personalized service that they can deliver. Also, with prices starting in the low $500,000s and a center strip address, it's hard to see how the W residences can compete with the juggernaut that is CityCenter.

Originally Posted by cosmo2k8

Hello everyone,

If you're looking for some nicely designed flash brochures on CC and Vdara click on the link bdelow to view or download. The Vdara file is pretty expansive! Really all you need to know about about this particular condo-hotel can be found there as well as a real sweet looking rendering of the entire CC project located on page 15:

http://www.citycenter.com/citycenter...brochures.aspx

Cheers!

[peltecs]

The brochure says of CC.
"For all that is momentus, it will inhabit the moment."
WTF?

vegastat.com had to remove all renderings of CC...which sucks for historical reasons.

here is a tube of the view of the model of CC from "Panorama" towers.
http://www.youtube.com/watch?v=ZrXx7LRV0lc