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  #2041  
Old Posted Apr 17, 2007, 3:53 PM
Superfish Superfish is offline
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The Aladdin Hotel is now officially Planet Hollywood as of today as the news reported.
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  #2042  
Old Posted Apr 17, 2007, 8:05 PM
bobmcelligott bobmcelligott is offline
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North Strip

Quote:
Originally Posted by RazzMan View Post
bob...Where did you buy??? I think Trump, Cosmo and City Center will appreciate significantly after completion. I think Trump will most likely increase the most but not until Tower I opens its doors. Also Echelon needs to get underwayt and something needs to happen soon w/ the Frontier site. I dont think the high end units will have much of a problem in resale but people may get hurt if the own a blah location on a studio. Trump II sales are strong....stay w/ the large brands in this market. And the North location will rise but will take 3-5 yrs. I own Trump and not worried.....
Hey Razzman

I bought a studio in Trump I. Also in MGM Signature. I always look several years ahead and I believe you're right about $1200/sg ft sounding like a bargain in the near future.
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  #2043  
Old Posted Apr 17, 2007, 8:13 PM
ScottG ScottG is offline
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i saw on the news that they evacuate the 23rd floor of panorama towers - funny....

i drove past the mcdonalds next to west ward ho (echelon's lot)

they had a billboard up showcasing 'a new restaurant coming soon' with a pretty nice rendering of the new mcdonolds- its will look nothing like any regular mikey d's but instead take a similiar route the CVS did next to new yor new york (make it modern - attractive (or at least eye catching))
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  #2044  
Old Posted Apr 17, 2007, 8:19 PM
ScottG ScottG is offline
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check out the new website for planet hollywood- i dont know what the PH web address it - but they took over the aladdin domain

http://aladdincasino.com
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  #2045  
Old Posted Apr 17, 2007, 8:23 PM
VegasMatt VegasMatt is offline
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The Great Mall of Las Vegas!

More Details Revealed Here:


http://www.perlmandesigngroup.com/content/view/122/2/


Enjoy
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  #2046  
Old Posted Apr 17, 2007, 8:46 PM
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mdiederi mdiederi is offline
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In this Las Vegas Sands Corporation SEC filing today (scroll down to "Additional Information") there are some details for the new condo tower. 970,000 saleable square feet at a rate of $1,500 - $2,000 per square foot. Gross proceeds are expected to range between $1,450,000,000 and $1,940,000,000 and it will cost $465,000,000 to build. Pre-selling of the Palazzo condominium tower is expected to commence in the third quarter of 2007.

Last edited by mdiederi; Apr 17, 2007 at 8:57 PM.
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  #2047  
Old Posted Apr 17, 2007, 9:57 PM
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philip philip is offline
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Quote:
Originally Posted by ScottG View Post
check out the new website for planet hollywood- i dont know what the PH web address it - but they took over the aladdin domain

http://aladdincasino.com
It looks like they are still designing the new website. Many links are not working yet, and there aren't many pictures either. But thanks for the link.
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  #2048  
Old Posted Apr 17, 2007, 9:58 PM
clark clark is offline
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Does this imply that the other, larger W is on hold?

http://www.lvbusinesspress.com/artic...q_13710748.txt

Quote:
LaPour builds new Starwood brand hotel
BY TONY ILLIA

Developer Jeff LaPour is bringing a new Starwood, W-branded hotel to the Las Vegas Valley. The 14-story, 235-room "Aloft" will be located on five acres at the northeast corner of Paradise and Flamingo roads.

LaPour recently acquired the land for $12.35 million, or $2.47 million per acre, from 5-Z, ZHZ and AZZ Properties. Las Vegas-based Burke & Associates starts preliminary site work this month on the $50 million hotel. The boutique facility is scheduled to debut in the second quarter of 2009.

Aloft is targeted toward a Generation-X crowd of business visitors, conventioneers and tourists. Las Vegas is one of the first markets nationwide to carry the new hotel line from White Plains, N.Y.-based Starwood Hotels & Resorts. It's conceived by the same team responsible for Starwood's W Hotels...
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  #2049  
Old Posted Apr 17, 2007, 10:47 PM
justdefended justdefended is offline
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Originally Posted by clark View Post
Does this imply that the other, larger W is on hold?

http://www.lvbusinesspress.com/artic...q_13710748.txt
This one looks like it will be up faster than the current W Las Vegas project.

After that initial Globe St. report that Edge was selling the W Las Vegas land news has been silent on its progress. The latest official word from the company was that it may have to bring an additional partner on board for funding, but it wouldn't surprise me if the initial report came to fruition.
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  #2050  
Old Posted Apr 18, 2007, 4:29 AM
kenratboy kenratboy is offline
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I have a question.

I live in Reno and an very interested in all the stuff that goes on in Vegas (I am not one of those Southern Nevada haters ). As it stands now, there are a lot of resorts that all more or less offer the same sort of experience (hotel room, gaming, good food, clubs, shopping) - as I can tell by this massive thread, there are a lot of projects being built or that will be soon.

What direction are these new projects taking and what new stuff will be offered to set these properties apart? I would think at a certain point, if you had 100 resorts with all the same stuff, it would be more and more difficult to set yourself apart.

It seems from what I have seen, bigger and better shopping facilities, mega-clubs, and 'resort' amenities (day spas and such) seem to be a focus, but there has to be more to it - or there are untapped markets that they will start catering to.

At least for the lack of progress in Reno, you guys are ON FIRE

Thanks!
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  #2051  
Old Posted Apr 18, 2007, 4:41 AM
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LMich LMich is offline
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Actually, most of this current boom is residential, or has a significant residential component. This is a very different boom than the hotel resort boom of the 90's.
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  #2052  
Old Posted Apr 18, 2007, 5:44 AM
MrVegas MrVegas is offline
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Post Palazzo Condo Stats

Quote:
Originally Posted by mdiederi View Post
In this Las Vegas Sands Corporation SEC filing today (scroll down to "Additional Information") there are some details for the new condo tower. 970,000 saleable square feet at a rate of $1,500 - $2,000 per square foot. Gross proceeds are expected to range between $1,450,000,000 and $1,940,000,000 and it will cost $465,000,000 to build.
Those condo units are going to be HUGE. With only 300 units and 970,000 square feet available for sale, that would average out to 3,233 square feet per unit. At a cost of $1,500 - $2,000 per square foot, each unit would cost between $4.8 million and $6.5 million - penthouse prices.

If LV Sands actually sells out those units and grosses $1.9 billion, their net profit after $465 million in construction costs would be about $1.5 billion - almost enough to pay for the cost of building the entire Palazzo resort.
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  #2053  
Old Posted Apr 18, 2007, 1:44 PM
RazzMan RazzMan is offline
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Quote:
Originally Posted by MrVegas View Post
Those condo units are going to be HUGE. With only 300 units and 970,000 square feet available for sale, that would average out to 3,233 square feet per unit. At a cost of $1,500 - $2,000 per square foot, each unit would cost between $4.8 million and $6.5 million - penthouse prices.

If LV Sands actually sells out those units and grosses $1.9 billion, their net profit after $465 million in construction costs would be about $1.5 billion - almost enough to pay for the cost of building the entire Palazzo resort.


Projects like Sands will now validate high prices at City Center and Trump.
In two years you will look back and think they were a bargain!!!!!!!!!!!!!!!
Remember the rich get richer as the high end does well in good and bad economies.
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  #2054  
Old Posted Apr 18, 2007, 4:05 PM
Superfish Superfish is offline
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I read an article a while ago that did say the Palazzo condos would be THE most expensive on the strip, even reaching $10 million. Guess they must be targeting the wealthy Asian "Whale" (high roller) group.
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  #2055  
Old Posted Apr 18, 2007, 5:25 PM
mttbox mttbox is offline
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Guess they must be targeting the wealthy Asian "Whale" (high roller) group.
In Feb/2007, some guy from China-shanghai lost $50mil in one month at Venetian by playing Baccarat
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  #2056  
Old Posted Apr 18, 2007, 8:08 PM
ScottG ScottG is offline
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trump is topped out ( i beleive)

looks like they finished building that mechanical level which will be that white top part,,,,it doesnt look that tall at all- wynn seems taller
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  #2057  
Old Posted Apr 18, 2007, 9:20 PM
chic chic is offline
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hi I only wanted to know where can I find a resume of all las vegas projects ???because this threas its very long thanks for the help
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  #2058  
Old Posted Apr 18, 2007, 9:21 PM
RazzMan RazzMan is offline
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Trump II

Quote:
Originally Posted by ScottG View Post
trump is topped out ( i beleive)

looks like they finished building that mechanical level which will be that white top part,,,,it doesnt look that tall at all- wynn seems taller




Anyone have the latest pic of Trump? It seems the highend is picking up again. Someone said Trump II sales are strong and should remain strong w/ Palazzo and Sands pushing record prices later this year. With land and construction costs still on the rise, there is no reason to see any price drops going forward. These units are for the .0000001 % of the luxury buyers out there.
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  #2059  
Old Posted Apr 18, 2007, 9:28 PM
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mdiederi mdiederi is offline
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Quote:
Originally Posted by chic View Post
hi I only wanted to know where can I find a resume of all las vegas projects ???because this threas its very long thanks for the help
Try the very first page or try here

Quote:
Originally Posted by RazzMan View Post
Anyone have the latest pic of Trump?
Took this one just a couple days ago.


And this one.
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  #2060  
Old Posted Apr 18, 2007, 11:32 PM
GeorgeLV GeorgeLV is offline
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Quote:
Originally Posted by ScottG View Post
trump is topped out ( i beleive)

looks like they finished building that mechanical level which will be that white top part,,,,it doesnt look that tall at all- wynn seems taller
Almost all Las Vegas skyscrapers look shorter and squater than they really are because of how wide and massive they are (and the habit of doubling windows). Do you realize that the Palazzo hotel tower will have something like 3 times the square footage of the Library Tower in LA?
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