Multi-Billion Dollar Building Spree Continues As The Las Vegas Strip Grows Fat

With over 40 million visitors coming to Las Vegas in 2007 and over 30 Billion dollars being spent on the Las Vegas Strip, the largest multi-billion dollar building spree seems to be just the beginning for the ultimate convention destination & entertainment capital of the world. Las Vegas is 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 rooms

Venetian: 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 & Paradise

Las 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 A 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 Facelift; 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 acres

Fontainebleau: $2.8 billion, 3,889 rooms, 63 stories on 24.5 acres; 100,000 sf casino

Harrah’s: Expansion along Koval between Flamingo and Sands

Sports Arena: Koval and Flamingo

Mardi Gras: In escrow for $11 m/Ac.

Juliana: Luxury condo hotel on Paradise north of Flamingo.

"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."