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  #4641  
Old Posted Aug 16, 2008, 5:15 PM
justdefended justdefended is offline
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The delay or cancellation of these multi-billion dollar projects will be good for Vegas. Hotel operators are currently having to discount rooms by as much as 40 percent to keep a 90 percent occupancy rate.

With no end to the current economic downturn in sight, a handful of new properties will better support visitors the next few years as various markets bounce back.

CityCenter, Encore, Palazzo, Fontainebleau, and maybe Cosmopolitan will get to reap the benefits of being the latest properties in town for at least the next 3-5 years.

By the time The Plaza, Echelon, the Wynn redevelopment, and the MGM Kerzner project open, the demand for additional rooms will likely to be large enough to support another wave of new properties.
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  #4642  
Old Posted Aug 16, 2008, 9:51 PM
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The Plaza development is a steaming pile of shit that I hope never goes through. Not only does it look cheap, but also there could be something with a lot more potential yet taller than 670 feet that could be built there. Regarding Echelon, it seems crazy to me to hault contruction when already being so far into it.
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  #4643  
Old Posted Aug 17, 2008, 2:23 AM
RandalR RandalR is offline
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Quote:
Originally Posted by CHAPINM1 View Post
The Plaza development is a steaming pile of shit that I hope never goes through. Not only does it look cheap, but also there could be something with a lot more potential yet taller than 670 feet that could be built there.
It was the ugliest proposal out there, but Elad is probably going to default on the property, anyway, just like Eichner did on Cosmopolitan. As mdiederi said above, not being able to manage a scheduled payment on the land is a very bad sign.

So we'll likely end up with matching vacant lots on either side of Desert Inn for years to come...
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  #4644  
Old Posted Aug 18, 2008, 7:55 PM
ScottG ScottG is offline
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from lasvegasstripdailey.com

Developers of The Plaza Hotel say they are still moving ahead.
Posted by Aaron Auxier - August 14th, 2008
Categories: Buzz, Construction, Hotels

Several recent news reports say that the financing for the purchase of the land for the future The Plaza Hotel Las Vegas has been extended. According to the reports, the loans were related to developer ELAD Properties’ purchase of the land (that once sat under the Frontier). While the financing extension is encouraging, the fact that the developer says they still plan on moving ahead next year is something happy to look forward to.


Quick Tidbit

The north end of the Resort Corridor would like nice with The Plaza Hotel. Not only would it bring billions worth of amenities to the area (near the already fantastic Wynn and Encore resorts), it could also make the north end of Las Vegas Boulevard the legitimate “Beverly Hills of the Strip”. The question is, can the Las Vegas Strip keep adding so many hotel rooms?
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  #4645  
Old Posted Aug 18, 2008, 8:44 PM
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i think the strip can absorb alot more rooms before we see anything close to saturation point, however if all those rooms are five star going for upwards of $300+ a night then it may be a different story completely because there simply is not a big enough demand for 50,000+ five star rooms, there needs to be balance

btw anyone know whats going on in that plot of land between encore and convention center drive??

fontainebleau is working on floor 56 if i counted correctly
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  #4646  
Old Posted Aug 18, 2008, 10:50 PM
Aaron Auxier Aaron Auxier is offline
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As everyone can see, I actually like The Plaza Hotel's design and hope it moves forward. After CityCenter and Palazzo, where else could one buy a pre-construction high-rise condo in Vegas? Also, I like the fact it's not just yet another colored-glass building.
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  #4647  
Old Posted Aug 18, 2008, 10:55 PM
justdefended justdefended is offline
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Originally Posted by LasVegasStripDaily View Post
As everyone can see, I actually like The Plaza Hotel's design and hope it moves forward. After CityCenter and Palazzo, where else could one buy a pre-construction high-rise condo in Vegas? Also, I like the fact it's not just yet another colored-glass building.
Hey Aaron,

Is Fountainebleau still proceeding with the condo hotel sales? I can't imagine how it will be with them opening that sales office in the current market.
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  #4648  
Old Posted Aug 18, 2008, 11:18 PM
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I just googled the Plaza. A steaming turd of a project is the correct description. There is worse in Vegas, but, its nearly a decade into the 21st century and they are proposing that thing? Hope it does die.

People have been asking whether Vegas can absorb new rooms since before the Excalibur. My late uncle worked for the old Desert Inn as a VP of marketing, he used to say Vegas could handle whatever got built, and he didn't see that ending anytime soon. He said that in the late 80's and boy that has sure held true over the past 20 years. Build it and they will come...
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  #4649  
Old Posted Aug 19, 2008, 1:40 AM
Aaron Auxier Aaron Auxier is offline
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Originally Posted by justdefended View Post
Hey Aaron,

Is Fountainebleau still proceeding with the condo hotel sales? I can't imagine how it will be with them opening that sales office in the current market.
I have not heard anything in a long time.

Last edited by Aaron Auxier; Aug 19, 2008 at 2:29 AM.
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  #4650  
Old Posted Aug 19, 2008, 2:26 AM
Aaron Auxier Aaron Auxier is offline
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Quote:
Originally Posted by WonderlandPark View Post
I just googled the Plaza. A steaming turd of a project is the correct description. There is worse in Vegas, but, its nearly a decade into the 21st century and they are proposing that thing? Hope it does die.

People have been asking whether Vegas can absorb new rooms since before the Excalibur. My late uncle worked for the old Desert Inn as a VP of marketing, he used to say Vegas could handle whatever got built, and he didn't see that ending anytime soon. He said that in the late 80's and boy that has sure held true over the past 20 years. Build it and they will come...
I agree that people have been questioning the growth of Vegas since the start, and I also agree that this city is wonderful. However, reality must be faced - and that means we need to either increase airport capacity, or find new ways to get people here.
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  #4651  
Old Posted Aug 19, 2008, 5:46 AM
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You guys make it sound like $300/night is alot for a luxury room. The visitors from London and other European capitals are used to paying that much for a nothing room that you can barely turn around in. In San Diego, rooms at the Omni, which is a mid-level quality hotel , Grand Hyatt, Del Coronado, Aviara go for that much and more, as do numerous boutique hotels in the Gas Lamp dist.

Rooms in Vegas have been a good deal for too long. Once the local economy gets settled down a bit from the real estate crash etc. prices are bound to rise, especially for the new high-end rooms. They arent building the new resort rooms for the guy on a budget and not just 'whales' are able to pay luxury prices, lots of people still have dough. Especially with the weak dollar we will see alot of Euros.
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  #4652  
Old Posted Aug 20, 2008, 11:49 PM
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Hello all! I'm going to be in Vegas next week (staying at Mandalay Bay) I haven't been to Vegas in about a year which is unusual for me, so I'm excited to see the new developments (Palazzo, Palms Place etc) and will be photographing some of the construction at CC and hopefully Fontainbleau (If I can get that far up the strip...)

Any requests on photos? I look forward to contributing some shots to the forum.
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  #4653  
Old Posted Aug 21, 2008, 4:24 AM
CosmoVegas CosmoVegas is offline
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Originally Posted by ondarox View Post
Any requests on photos? I look forward to contributing some shots to the forum.

How about some shots of the the jagged facade frame work going up in front of the Cosmopolitan and more night shots of MGM'SCityCenterProject. Thanks.

Last edited by CosmoVegas; Aug 21, 2008 at 3:35 PM.
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  #4654  
Old Posted Aug 21, 2008, 4:42 AM
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Quote:
Originally Posted by ondarox View Post
Any requests on photos? I look forward to contributing some shots to the forum.
And some close-up photos of Encore, especially the 2 entrances. Thanks :-)
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  #4655  
Old Posted Aug 21, 2008, 7:53 PM
Snotick Snotick is offline
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If he isnt able to get that far north, I will be in Vegas two weeks from tomorrow. I will be staying at the Wynn and in the canyon that is Jockey Club.
I will be there for 11 days, so I will have plenty of time to explore.
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  #4656  
Old Posted Aug 21, 2008, 9:48 PM
RandySavage RandySavage is offline
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I can't understand the disparagement for the Plaza proposal:


Sure, it's Disney, but that is what Vegas is. I think the Plaza is more interesting than anything currently under construction or proposed for Vegas.
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  #4657  
Old Posted Aug 21, 2008, 9:58 PM
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Is there a scientific/psychological reason all the hotels are the same height in Vegas? Surely it can't be because elevators get more expensive above 40 floors. We're talking about Las Vegas. If there was an 80-story hotel in Vegas, that's where I'd want to stay.
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  #4658  
Old Posted Aug 21, 2008, 10:38 PM
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Isn't becuase the strip is so close to the airport that the FAA won't let them go any higher. That is what killed the Crowne Las Vegas that was supposed to be 2,000' right? Well, obviously financing as well, but the FAA was not going to let them build that tall. This is just my assumption.
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  #4659  
Old Posted Aug 22, 2008, 12:15 AM
justdefended justdefended is offline
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A better shot at the area for the CityCenter Water Feature from Wet Designs.



The circular driveway area will be called Casino Circle according to the CityCenter website.
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  #4660  
Old Posted Aug 22, 2008, 2:50 PM
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Quote:
Originally Posted by JACKinNYC View Post
Is there a scientific/psychological reason all the hotels are the same height in Vegas? Surely it can't be because elevators get more expensive above 40 floors. We're talking about Las Vegas. If there was an 80-story hotel in Vegas, that's where I'd want to stay.
all hotels in vegas ain't the same height, the first generation of mega resorts (built in the early 1990s) were all under 400 feet; mirage 335ft, mgm grand 295ft, excalibur 240ft, luxor 350ft. today the hotels going up are all 600ft+ e.g. palazzo at 645ft, encore at 630ft and fontainebleau at 735ft.

the location of the airport means the height of buildings is restricted to 600ft on the south and mid strip, further north they can build past 700ft and crown got permission to build over 1000ft at the old wet and wild site at the very north end of the strip.
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