LAS VEGAS | Boom Project Rundown! 2.0 - Page 49

ScottG · #**961** Posted **Oct 25, 2006, 3:49 PM**

^^^no thats actually a great location- you get the freeway traffic-

i REALLY like the clark county government center (NOT to be confused with the reginal justice center NO!)

I love the sand stone material and flow the building takes....

VegasMatt · #**962** Posted **Oct 25, 2006, 4:31 PM**

Quote:

Originally Posted by mdiederi

Is that that place Turnberry is building right at the end of the airport runway? Why would they want to develop something at the end of the runway?

Cheap land I guess.

Yes it's at the end of the runway.
It'll have a hotel component, which I would NEVER use, due to the plane traffic overhead. Still, it should enjoyable to visit during the day and evening.

While not at mid-strip prices, I'm sure the land wasn't cheap, it's right on LAS Vegas Boulevard. It's also next to the freeway; Turnberry said they will be building an off ramp from the freeway directly into the development.

It's where Vacation Village used to be. It's a huge plot of land.

VegasMatt · #**963** Posted **Oct 25, 2006, 4:42 PM**

Quote:

Originally Posted by mdiederi

I'm pretty sure they will have restaurants.

(I know that's not what you meant, but I couldn't resist.)

Yes, I had that coming.

Of course it will have some pools, clubs, restaurants, a spa, shops, and a show. I, of course, meant unique amenities, to make it stand out from the crowd. Oh yes, lets not forget the casino component.

mdiederi · #**964** Posted **Oct 25, 2006, 5:03 PM**

I heard that CityCenter will have it's own grocery store and a complete fire department, amenities for the condo buyers.

ebatcave · #**965** Posted **Oct 25, 2006, 9:18 PM**

ATLANTIC CITY, NJ, United States (UPI) -- U.S. casino mogul Steve Wynn and developer Donald Trump are discussing a deal that reportedly involves property in Atlantic City, N.J.

Wynn wants to build a casino on the city`s boardwalk, the Newark (N.J.) Star-Ledger reported Tuesday, and his preferred site includes 12 acres where the current Trump Plaza sits.

For his part, Trump is interested in building a residential tower in front of the Trump Taj Mahal. Also, investors in Trump`s Atlantic City properties have urged him to diversify his casino holdings beyond the New Jersey site, a move that might be easier if he sells acreage to Wynn.

Any deal between the two businessmen might also include a swap for land that Wynn owns in Las Vegas, the newspaper reported, citing anonymous sources.

mdiederi · #**966** Posted **Oct 25, 2006, 9:42 PM**

Gaming Today is reporting that JPL (James Packer) and Melco International (Lawrence Ho) are making a $750 million offer for the Sahara.

mdiederi · #**967** Posted **Oct 25, 2006, 9:51 PM**

Drove down the north strip at noon today and the Fontainebleau site is full of heavy equipment busy digging a big hole and pushing a lot of dirt around.

lenstern · #**968** Posted **Oct 25, 2006, 10:59 PM**

Re: Wynn Atlantic City. If this project ever does evolve into something that has any viable potential whatsoever, I question whether or not Steve Wynn can even obtain a gaming license in New Jersey. If you remember back in 1980, Wynn was considered 'unsuitable' to be granted a gaming license in N.J and ultimately was forced to sell the Golden Nugget Atlantic City as a direct result of the fact he did not meet their criteria at the time as a candidate for permanent licensure and therefore he was denied.

GeorgeLV · #**969** Posted **Oct 26, 2006, 6:56 AM**

New Office Project for Downtown

World Jewelery Center
57 stories
815 ft tall
office tower: 800,000 sq ft
retail center: 125,000 sq ft
completion: end of 2009/beginning of 2010
developer: Probity International Corporation
http://www.worldjewelrycenter.com/

Local news coverage here:
http://www.kvbc.com/Global/story.asp?S=5588226
http://www.reviewjournal.com/lvrj_ho.../10439038.html

mdiederi · #**970** Posted **Oct 26, 2006, 1:03 PM**

Excellent news!

Tall, sophisticated and not gaming. Downtown needs diversification to succeed, because resort companies are reluctant to develop there. It's about time that other industries wake up to the business friendly tax structure here.

They say it will be "one of" the tallest office towers here, but even with condos on the top few floors, at 50 stories it will be THE tallest office tower in the valley. Maybe they know of some other stuff in the works? Let's hope so.

mdiederi · #**971** Posted **Oct 26, 2006, 1:14 PM**

Quote:

Originally Posted by ebatcave

investors in Trump`s Atlantic City properties have urged him to diversify his casino holdings beyond the New Jersey site

I'm speculating that he'll team up with or buy out Ruffin.

Quote:

Any deal between the two businessmen might also include a swap for land that Wynn owns in Las Vegas, the newspaper reported, citing anonymous sources.

I wonder what land that is?

Quote:

Originally Posted by lenstern

Re: Wynn Atlantic City. If this project ever does evolve into something that has any viable potential whatsoever, I question whether or not Steve Wynn can even obtain a gaming license in New Jersey. If you remember back in 1980, Wynn was considered 'unsuitable' to be granted a gaming license in N.J and ultimately was forced to sell the Golden Nugget Atlantic City as a direct result of the fact he did not meet their criteria at the time as a candidate for permanent licensure and therefore he was denied.

Did Wynn ever get licensed for that property next to Borgata that MGM now owns?

The_Analyst · #**972** Posted **Oct 26, 2006, 7:52 PM**

For those of you interested in Steve Wynn design ideas, check out last week's "The Strip Podcast." This podcast normally is oriented to Vegas entertainment but last week's episode contains a nearly one hour long interview with Wynn from a few months ago just prior to his opening of Macau. He gets into some interesting comments on design including his deliberate reasons for creating "chokepoints" in the design of entrances/walkways. He also mentioned that he originally wanted to build The Mirage on the UP land downtown but Union Pacific rejected his purchase offer at the time.

He calls Venetian a "big ugly box" and characterizes Frontier as the "biggest toilet in Vegas." He also has some interesting thoughts about future development in Macau. Interviewer is Steve Friess who writes for Newsweek, USA Today, etc.

http://www.thestrippodcast.com/

Patrick · #**973** Posted **Oct 27, 2006, 5:33 AM**

WOW! I love the World Jewelery Center!

At 815 feet, that will make it the tallest building in the State! (not counting Stratosphere)

CHAPINM1 · #**974** Posted **Oct 27, 2006, 6:03 AM**

Great news about the Jewelery Center!!! It will be great to see a building of this height being built in Vegas! This goes to show that the city is really growing and that we have something now to look foward to of this magnitude ever since Ivana was Canceled...

This goes to show that since Vegas is growing, there is more to the economy then just gaming. Also, it shows that it's a place where people are going to live, not just going to visit. In other words, it is developing more and more into a real city!

BTW, does anyone know when construction is slated to began on this project?

SpeedyFarrar · #**975** Posted **Oct 27, 2006, 7:16 AM**

Looks like other industries are noticing how big of a success the WMC has been.

ebatcave · #**976** Posted **Oct 27, 2006, 7:28 AM**

By HOWARD STUTZ
GAMING WIRE

MGM Mirage on Wednesday unveiled plans for residences at the $7 billion Project CityCenter, saying the 66-acre site will include four condominium developments encompassing five high-rise towers.

Units in the development have a price range from $500,000 to $8 million.

A preview center is open at Bellagio, where potential owners can sign an interest list. Sales for all 2,700 residences will begin in January, when MGM Mirage opens CityCenter's 30,000-square-foot sales office on the Strip, which will include model units.

"We're building an interest list for now and our big push will be in January," said Tony Dennis, executive vice president of CityCenter's residential division. "Our goal is to help guide a prospective buyer to the condominium that is the right home of their choice."

The residential choices will include one condominium-only project, two condominium developments that will be built on top of boutique hotels, and one free-standing condomimum-hotel.

Construction on Project CityCenter is under way on the Strip south of the Bellagio. The development's most prominent feature, a 60-story, 4,000-room hotel-casino designed by Pelli Clarke Pelli, is beginning to take shape.

CityCenter will also include retail, entertainment, restaurants and other amenities in an urban village setting.

Construction of the initial residential tower is expected to begin in November.

Gaming analysts have been skeptical of the CityCenter condominiums' chance of success because of the large number of residential projects announced or that are under construction along the Strip corridor. However, the involvement of MGM Mirage minimizes some of the concern.

Las Vegas-based gaming analyst Bill Lerner of Deutsche Bank said residential sales are important to MGM Mirage's overall financial picture for CityCenter. He said if the company can sell the units on an average of $1,100 a square foot, the company can reduce its overall costs for project CityCenter to about $4.5 billion.

"I feel pretty good about (MGM Mirage) being able to get the return they are looking for," Lerner said. "My sense is the location and the association with the MGM Mirage portfolio gives them better sense relative to anyone else in the market."

Dennis said an average of 500 couples a day are visiting the preview center. A second preview center is slated to open at The Mirage.

"We have about 3,000 names on the interest list and we hope to be in the five-digit range by January," Dennis said.

The initial construction will begin on Vdara, a 1,543-unit condominium-hotel with units ranging from 500 square feet to 1,850 square feet. Vdara will be built between Bellagio and the CityCenter hotel-casino.

The Mandarin Oriental Hotel will have approximately 227 condominium units above the 400-room hotel tower, with the 4,100-square-foot penthouses coming with the highest price in Project CityCenter at $8 million.

A second boutique hotel, The Harmon, will be operated by MGM Mirage. It will have 228 condominiums above its 400 hotel rooms.

In both hotels, condominium owners will have use of the hotels' amenities.

The Veer Towers, twin 37-story condominium high-rises, will be CityCenter's only pure residential-only development with units ranging from 500 square feet to 2,600 square feet.

LMich · #**977** Posted **Oct 27, 2006, 7:41 AM**

Where's the floor count come from for World Jewelry Center, just wondering?

mdiederi · #**978** Posted **Oct 27, 2006, 3:50 PM**

Reading the Review Journal article again, it says the height is "approved" up to 815 feet, but currently is designed at 57 floors.

mdiederi · #**979** Posted **Oct 27, 2006, 4:24 PM**

Quote:

Originally Posted by The_Analyst

He calls Venetian a "big ugly box" and characterizes Frontier as the "biggest toilet in Vegas." He also has some interesting thoughts about future development in Macau. Interviewer is Steve Friess who writes for Newsweek, USA Today, etc.

http://www.thestrippodcast.com/

Ha, I just listened to that and he was joking that the Aladdin might be the first to get demolished twice.

LMich · #**980** Posted **Oct 28, 2006, 6:36 AM**

Quote:

Originally Posted by mdiederi

Reading the Review Journal article again, it says the height is "approved" up to 815 feet, but currently is designed at 57 floors.

I understand that, and a 57 story building could very well be 815 feet. But, I'm asking, where did the 57 floor number come from? All I see is media reporting 50+ floors. Did someone simply count them on the recent rendering?