The largest multi-billion dollar building spree is just the beginning for the ultimate convention destination, gambling mecca & entertainment capital of the world. Over the past twenty years I have seen Las Vegas turn into an international city capturing the attention of high stakes players. As the Las Vegas Strip undergoes a massive reconstruction and preconstruction phenomenon...other projects are quietly coming into play.
Paradise is seeing some pretty heavy action. Hard Rock: $750m+ expansion 15 story; 550 room tower; 400 suite high end VIP tower, 30,000 sf. retail, increase casino by 35,000 sf;; New concert venue with 2,000+ seat theatre in the round. Convention Center: $800m expansion ( 500,000 sf and enclosed monorail connector)Wynn: Encore: $1.9 billion 2,040 rooms; Urban Village development including high-end Villas fronting Sands and Paradise; 5,000 roomsVenetian: Palazzo $1.8 billion; over 3,000 rooms; 375,000world class shopping/dining; 270 of the most exquisite Villas in Las Vegas 6 private Villas (I want one). Marriott Marquis: $186 million for 10.6 acres; 3,500 rooms; 500,000 sf business hotel w/casino-aloft: (look at the W sneaking in with this W-dna infused condo hotel) LaPour and Westin to bring W-branded condo-hotel 14 story, 235-room hotel NE corner of Flamingo & ParadiseLas Palmas: The Peebles Corp developing a 2.5 billion resort/condo project with four 55 story structure, 3 condo buildings with 1,000 condos and hotel tower with 800 5-star suites.Howard Hughes Center: Crescent at Hughes...final build-out of additional class Aloft office space.East Village: Paradise and Tropicana 320 million; 2,000 seat theatre in the round with one million sf of retail. Royal Resort: In Vegas if you are over the age of 25 you are either imploded or its a Face-lift; new tower on Convention Center Drive Triple Five Resort: $180 million for 5.4 acres ($33.4m Acre) at NEC of the Strip and Convention Center Drive with additional option totaling 9.5 acresFontainebleau: $2.8 billion, 3,889 rooms, 63 stories on 24.5 acres; 100,000 sf casinoHarrah's: Expansion along Koval between Flamingo and SandsSports Arena: Koval and Flamingo Gras: In escrow for $11 m/Ac.Juliana: Luxury condo hotel on Paradise north of Flamingo. Remember this song..."Paved Paradise and put up a parkin lot...with a pink hotel, a boutique, and a swingin hot spot. Don't it always seem to go...that you dont know what you should of bought till its gone."