LAS VEGAS | Boom Project Rundown! 2.0 - Page 72

mttbox · #**1421** Posted **Jan 16, 2007, 11:50 PM**

Quote:

Originally Posted by clark

When Ruffin replaces the New Frontier with an upscale resort, Trump will have access ....

any one know what happen to Montreux? are they going to built it? or if Ruffin now looking for anther design?

nsxdrift_89 · #**1422** Posted **Jan 17, 2007, 4:25 AM**

^^^
From what I've heard, the project has been influx for a couple of reasons. One, Ruffin wanted to personally finance the project, and ran into a load of problems, securing financing. In addition to that, there has been speculation that Steve Wynn, Donald Trump, and PBL's James Packer are considering moving in, and purchasing the property, to jointly develop it.

I've never been a fan, of Montreux, simply due to the fact, that it is basically an exterior copy of Bellagio, and an interior copy of Wynn Las Vegas (replacing the red and chocolate, with browns and teal).

MrVegas · #**1423** Posted **Jan 17, 2007, 6:27 AM**

Vdara construction

A view of Project City Center from the back

Cosmopolitan

BruceH · #**1424** Posted **Jan 17, 2007, 6:59 AM**

Quote:

Originally Posted by manabouttown

Property right on the strip is worth far more than property close by. I used to live on Ocean Ave. in Carlsbad. It is right on the ocean. Property on the other side of the small street (30 Ft.) east, was worth 1/3 of the beach front. Every high priced piece of land is always surrounded by good parcels. They just are not worth nearly as much as the prime piece.
Trump's property is located on valuable land in a good location. But it is not as good as a property on the prime location. The major casino companies know that. That is why they are all on the strip, when possible. The B properties are near the strip.
If Trump sold for a discount then it would be an ok deal.

The MGM Signature properties will be my last example for your education. They are only renting 45% of the month. Why is that? They are beautiful and are (by your theories) near and within walking distance to the strip and shopping etc.

Some people want to spend their bucks on Central park and ocean property. Some want to be close so they can walk there. No problem, everyone determines where they want to be on the totem pole.

Trump vs MGM Signature is like night vs day. MGM Signature (I'm an owner) is having dismal rental demand due to several factors including poor branding. You can't have the public think they are MGM Grand Residences then rename to MGM Signature but still advertise as Residences. MGM Signature is a beautiful project and way under marketed. Poor marketing equals low demand which equals low rent and low property valuations. With over 200 resales on the market now if this situation continues expect a lot more to hit the resale market. It's a huge shame as Forbes who was with us recently commented that such a high end property is not being marketed well. Trump on the other hand is a master at marketing and based on sales for Trump Panama and Trump Waikiki as examples, he's still on a roll. His projects quickly sell out, have premium prices and demand is strong to stay in them. Now if we could just get some of that Trump marketing over to MGM Signature it would be a golden property too. Oh, and yes, we know every high rise, every floor plate, every price per sq foot by high rise so there is more than one expert in town.

mdiederi · #**1425** Posted **Jan 17, 2007, 3:09 PM**

Quote:

Originally Posted by MrVegas

Vdara construction

A view of Project City Center from the back

Cosmopolitan

Cool, you got some angles we hadn't seen before.

Can you add those pictures to the Las Vegas: Project CityCenter construction thread?

Think that's another parking garage they are starting on in the back there.

Is that yellow structure the start of the Cosmo core?

gmcclenon · #**1426** Posted **Jan 17, 2007, 3:15 PM**

Quote:

Originally Posted by BruceH

Trump vs MGM Signature is like night vs day. MGM Signature (I'm an owner) is having dismal rental demand due to several factors including poor branding. You can't have the public think they are MGM Grand Residences then rename to MGM Signature but still advertise as Residences. MGM Signature is a beautiful project and way under marketed. Poor marketing equals low demand which equals low rent and low property valuations. With over 200 resales on the market now if this situation continues expect a lot more to hit the resale market. It's a huge shame as Forbes who was with us recently commented that such a high end property is not being marketed well. Trump on the other hand is a master at marketing and based on sales for Trump Panama and Trump Waikiki as examples, he's still on a roll. His projects quickly sell out, have premium prices and demand is strong to stay in them. Now if we could just get some of that Trump marketing over to MGM Signature it would be a golden property too. Oh, and yes, we know every high rise, every floor plate, every price per sq foot by high rise so there is more than one expert in town.

Good point Bruce. With MGM being so marketing savvy with their resorts, hotels and new developments - do you think they are just clueless or have they turned their backs on these condotels? I would think with the (50%?) rental revenue sharing they are doing with the owners they would come back and help with the marketing, branding and renting of these units. Maybe they are just spread a little thin with PCC and all their foreign ventures.

mttbox · #**1427** Posted **Jan 17, 2007, 6:51 PM**

Lets just have a vote!

Trump Tower LV: Love It / Hate It

mttbox · #**1428** Posted **Jan 17, 2007, 6:52 PM**

Trump Tower: LOVE IT !!!

Fido · #**1429** Posted **Jan 17, 2007, 7:52 PM**

Trump Tower LV : Love it too!

LMich · #**1430** Posted **Jan 18, 2007, 1:57 AM**

There is actually something in between love and hate, contrary to popular belief, and that's where Trump lies for me.

sky-of-webs · #**1431** Posted **Jan 18, 2007, 2:01 AM**

Trump Tower---- Never really cared for this project. still don't.
And I've been very disapointed that after almost twenty years of eagerly awaiting Trump's entrance into Vegas that this was it. Keeping my fingers crossed that maybe there will more than just one singular person (Steve Wynn) for people to hail about.
And please people, Steve Wynn didn't make Vegas and isn't gods gift to the Strips rise or its continued growth. He is a darn good name (Wynn---win) and face to grab attention, but the real credit needs to go to Kirk Kerkorian and Bill Bennet.

ebatcave · #**1432** Posted **Jan 18, 2007, 5:05 AM**

I purchased both Cosmo and Trump (both on floors 30+ and south facing) so I love them both!

illmatic774 · #**1433** Posted **Jan 18, 2007, 2:44 PM**

Quote:

Originally Posted by LMich

There is actually something in between love and hate, contrary to popular belief, and that's where Trump lies for me.

i don't think thats an option

Anyways, I like it.

Bender13 · #**1434** Posted **Jan 18, 2007, 4:55 PM**

Sorry to interrupt the Trump love/hate fest. But I saw this in todays Sun. The Tommy Rockers tower is dead.
http://www.lasvegassun.com/sunbin/st...566625944.html

Quote:

Today: January 18, 2007 at 7:8:35 PST

John Katsilometes on what might be the next phase of Tommy Rocker's Cantina (Hint: Think topless)

Tommy Rocker's high hopes for a condominium tower are all but dead, and the guitar-playing restaurateur is eyeing topless dancers.

These are related developments.

A year ago Rocker (real name: Thomas Greenough) unveiled plans for a 46-story, 252-unit condo tower near the southwest corner of Dean Martin Drive and Flamingo Road, which since 1995 has been the site of his locally famous Tommy Rocker's Cantina. The high rise was to cost $150 million, and Rocker had investigated various design innovations for the project (including an automated "robotic parking" structure), which was to be finished by 2008. But as a result of the local market's increasing labor and material costs, Rocker has shelved his lofty plans.

"Fortunately I didn't have much money invested in the project," Rocker said Tuesday night during a fundraiser at his club for the Professional Drivers Association of Las Vegas cabdrivers.

Instead, Rocker has been dropping in on topless joints ("just for research and development," he qualifies) and is seriously considering turning his business into an adult club. He holds a license for a topless business on his current property and says he could have the club turned into just that in about nine months.

Rocker estimates he would make 10 times the profit at a topless club than he would as manager of the cantina, which is essentially a bar that serves food and offers video poker as Rocker performs classic rock songs for festive patrons (many of them tipsy Parrotheads).

Rocker noted that adult clubs, like casinos, are exempt from the recently passed smoking ordinance banning smoking in any establishment that serves food. He is already mulling over what he would call the place - it would no longer be a "Tommy Rocker's," but he might borrow from the club's address on Dean Martin Drive: 4275.

Don Pacho · #**1435** Posted **Jan 18, 2007, 5:20 PM**

Quote:

Originally Posted by sky-of-webs

Trump Tower---- Never really cared for this project. still don't.
And I've been very disapointed that after almost twenty years of eagerly awaiting Trump's entrance into Vegas that this was it. Keeping my fingers crossed that maybe there will more than just one singular person (Steve Wynn) for people to hail about.
And please people, Steve Wynn didn't make Vegas and isn't gods gift to the Strips rise or its continued growth. He is a darn good name (Wynn---win) and face to grab attention, but the real credit needs to go to Kirk Kerkorian and Bill Bennet.

Steve Wynn did not make Vegas but did change the face of Vegas.
When he built Mirage, then Treasure Island, continue by Bellagio and so on, Vegas was not going to be the same anymore.
No one had the free strip shows before: the volcano, pirate show, dancing fountains, etc.

mdiederi · #**1436** Posted **Jan 18, 2007, 6:18 PM**

On this site http://www.bwaltd.com/ go to the "featured projects" and they have renderings of the Maxim plus a video. It's three silver mirror and bright red towers. Click on "vision" and they show a blue tower where the Barbary Coast is now. Also, click on "Shoma 38" which has renderings of 5 towers on Tropicana near Koval.

future29 · #**1437** Posted **Jan 18, 2007, 9:03 PM**

wow, nice find mdiederi!

also found on the site is the One Trop project and Dezer. what are they and where are they located?

SpeedyFarrar · #**1438** Posted **Jan 18, 2007, 11:04 PM**

Quote:

Originally Posted by mdiederi

On this site http://www.bwaltd.com/ go to the "featured projects" and they have renderings of the Maxim plus a video. It's three silver mirror and bright red towers. Click on "vision" and they show a blue tower where the Barbary Coast is now. Also, click on "Shoma 38" which has renderings of 5 towers on Tropicana near Koval.

In the Maxim video, you can see the Fontainebleau across the street, its a nice blue (or is that bleau

) color. The Maxim looks awful, I hope MGM Mirage buys that land for the future redone Circus Circus/Project City Center North

Bender13 · #**1439** Posted **Jan 18, 2007, 11:39 PM**

My initial thoughts was that Maxim was ugly. But looking at it more, and trying to picture it actually built, I think it will look good. I love the silvery glass, and the striking red color, could work (hopefully it won't be as bad as Planet Hollywoods failed blue). It's definitely the type of architecture that can only work in Vegas.

Great find mdiederi, btw. The Maxim video does show the fountainbleau pretty good. It's huge! I think it's a pretty accurate rendering of it, because jazfingr said it's the same shape as it was shown in the Las Vegas Tower rendering, and that's the shape in the video. I can't wait for jazfingrs image so we can see it with detail.

gmcclenon · #**1440** Posted **Jan 18, 2007, 11:50 PM**

Quote:

Originally Posted by mdiederi

On this site http://www.bwaltd.com/ go to the "featured projects" and they have renderings of the Maxim plus a video. It's three silver mirror and bright red towers. Click on "vision" and they show a blue tower where the Barbary Coast is now. Also, click on "Shoma 38" which has renderings of 5 towers on Tropicana near Koval.

Wow! Great find. I believe the Fontainebleau in that video is rendered in its original 1000' proposed height. I'm only saying that because it's literally twice as tall as Sky and the four Turnberry Towers at around 500 feet. Other than that, it looks identical to the rendering from the LVTI site. Nice "pool" area. Looks like a lagoon.