$5 billion Plaza Project gets approval
The New Frontier was imploded a few months ago making way for a new class of Mega resort. This project will be the most opulent yet. The developers are designing this to cater to the wealthy client, not your average Joe.
The 15 million square foot facility will include: 348,000 square feet of shopping, 134,500 square feet of restaurants, 175,900 square feet of casino space, 4,100 hotel rooms, 2,100 condos in its 7 towers on the 34 acre site.
It has an estimated opening in 2012. This could add as an additional 24,000 jobs to the local economy in 2012.
Fashioned after the famous Plaza Hotel in New York the architecture should bring a new twist to the Las Vegas “Strip” with its French Renaissance influence.
The combination of the Wynn Projects, the Echelon project, the Venetian projects surrounding this site will make this area of the strip a major draw for tourists.
The north Strip is up for more development both currently with the Fontainebleau under construction and two more in on the drawing board. There are a few properties still up for grabs such as the Riviera and next door the La Concha property. Their is also the Maxim site just north of Circus Circus and some empty land still owned by MGM-Mirage on the southwest corner of Shara and Las Vegas Blvd. Look for these to announce development very shortly.
For the Latest in Las Vegas real estate call Max at 702-334-2200. Or email me at:Max@MaxSellsVegas. com. Your comments and questions are welcome.