Article Sphere Logo
 
"Real Estate" Article
 Article Directory Home All Categories Real Estate

Las Vegas Strip is Booming

By Expert Author: Mark Hostetler | Article Abstract
Word Count: 505 words | Views: 139 view(s)
In spite of a struggling economy, Las Vegas has a Strip full of developments underway in various stages of completion. Some have been delayed due to financial problems, others plagued with accidents and unforeseen circumstance. Although the Strip is pretty much maxed out in terms of empty real estate, the older hotels are either being revamped or torn down and replaced with ultra-modern, ultra-luxury, billion dollar giants.

Here is a breakdown of some of larger projects underway on the Las Vegas Strip.

Plaza Hotel: Owned by the New York Elad Group, this will be a $5 billion multi-use luxury hotel containing private residence, retail and gaming. This 34.5 acre site replaces the former New Frontier and Casino, and consists of seven towers, 4,100 hotel rooms and 2,600 resort condominium units. Construction has been delayed until some time in 2009.

Fontainebleau Las Vegas: Slated for a late 2009 opening, this $2.9 billion project is a combination hotel/condo/casino. The location is on 24.5 acres, north of the Riviera and consists of a 4,000 room hotel/condo and casino. The Fontainbleau is built on the same site as the El Rancho and Algiers casinos.

Cosmopolitan Resort and Casino: Located on 8.5 acres right on the strip, the $3.5 billion Cosmopolitan will consist of two large glass towers, 1,000 hotel rooms, 2,000 condos, casino and retail space. The completion date is scheduled for 2010.

Project CityCenter: This $8.1 billion project is a collaboration between MGM Mirage and Dubai World, who will own 50 percent of the project. This is the largest privately financed development in North America. Although CityCenter has experienced its share of delays relating to lack of finances, injuries and striking workers, the projected completion date is late 2009. This is a 67-acre complex containing the Vdara Condo Hotel, Veer Towers, the Mandarin Oriental Condos, and the CityCenter itself which will contain a retail and entertainment district, and 61-story, 4,000-room resort casino.

Echelon Project: This is a $4.8 billion development on 87-acres along the Las Vegas Strip at the site of the old Stardust. This luxury resort will contain five hotels:

Hotel Echelon - 2,500 rooms, pools, restaurants, bars and spa.

The Enclave - 650 ultra-luxury suites averaging 800 square feet, restaurant and bar, pool and spa.

Delano - Designed with a Miami style reminiscent of its South Beach counterpart, the Delano contains 550 guestrooms and suites, multilevel pools with private bungalows, spa, fitness center and restaurants.

Mondrian - 860 rooms, suites and lofts designed with a Hollywood style. The Mondrian contains plenty of nightlife venues, 70,000 square feet of meeting space and specialty restaurants.

Shangri-La - The Asia Pacific hotel group have worked their magic in this tranquil almost serene hotel environment. There are 350 rooms and suites, 29,000 square feet of meeting space, two specialty restaurants and an asian themed spa.

Along with the hotels and restaurants, the Echelon also features High Street at Echelon (300,000 square feet of shopping madness), a 140,000 square foot casino, and two theaters; one seating 4,000 and a more intimate venue seating 1,500.
Mark Hostetler

About the Author/Author Bio

WelcomeHomeNevada.com provides a professional guide for Las Vegas Nevada Real Estate. For excellent agent services in the Las Vegas area, contact Mark Hostetler, your Rhodes Ranch Real Estate agent.

Article Source: http://www.articlesphere.com/Article/Las-Vegas-Strip-is-Booming/186005

Article Tags: las vegas construction, condos, homes, las vegas real estate, real estate investments

Article Submitted: 2009-05-13 | This Article has been viewed 139 times.

More "Real Estate" Related Articles

 
 

Listed below are more articles related to the above article from the "Real Estate" article category.

People interested in the above article "Las Vegas Strip is Booming" are also interested in the related articles listed below:

 
When it's time to buy a house -- on Long Island, or anywhere -- you should definitely start the process by doing your own research into what is on the market, what interest rates are, and what your budget is. After you do some research on your own, you should contact a broker to help you find your home and an attorney to represent you in negotiating your contract and closing the sale.
You are ready to spend hundreds of thousands of dollars and make a commitment for 25-35 years of your life based on the advice you receive from your real estate agent… With any luck, you will make the right decision. We are very fortunate here in Calgary, Alberta to have a professional regulatory body (RECA) in place, but is that enough to trust virtually anyone with a real estate license? The truth is that there are several levels of quality, business style and most definitely competence.
Properties that are subject to foreclosure are auctioned and you can get bargains by purchasing them. However, making a good deal out of a foreclosure needs some inside details and techniques that you need to learn. There are also some dangers that you need to take into account because there is always a bit of risk involved in these transactions. Being well informed will save you money and hassles.
Escrow is a way of keeping an amount of money safe while a legal transaction is going on. It's like having someone that both you and the buyer both trust hold on to payment for merchandise or services while the actual changing of hands takes place; in this case, the trustworthy helper is an account held by a broker. Escrow helps reduce the likelihood that either of the parties involved in the transaction will get scammed.
It's funny, the things we become blind to when we live in a home for years. It's like the longer you look at the little cracks and stains the less you actually see them. However, when you're looking to put your house on the market it's important to remember that someone with a fresh eye will definitely notice all the little flaws, no matter how subtle they seem to you.
If you're getting ready to make a real estate purchase, you may be wondering whether it's a better deal to buy new construction or an older house. There are benefits and drawbacks to both types of property, so it's important to weigh your options carefully before making an offer.
With the price of homes becoming more and more affordable, Brewer Caldwell has seen an increase in the amount of homes being sold each month. In fact some reports showed an increase in the average price of homes sold from March to April.
 
Article Directory Home All Categories Real Estate
 
 

Can't find what you're looking for? Try Google Search!
 
(We serve worldwide - Locations updated as at Sunday, 08 November 2009 10:51 am , Singapore)
United States of America, USA . United Kingdom, UK (England, Scotland, Wales, Northern Ireland) . Canada . Afghanistan . Albania . Algeria . American Samoa . Andorra . Angola . Anguilla . Antarctica . Antigua & Barbuda . Argentina . Armenia . Aruba . Australia . Austria . Azerbaijan . Bahamas . Bahrain . Bangladesh . Barbados . Belarus . Belgium . Belize . Benin . Bermuda . Bhutan . Bolivia . Bonaire . Bosnia-Herzegovina . Botswana . Brazil . British Virgin Islands . Brunei Darrusalam . Bulgaria . Burkina Faso . Burundi . Cambodia . Cameroon . Cape Verde . Cayman Islands . Central African Republic . Chad . Channel Islands . Chile . China . Christmas Island . Colombia . Comoros . Congo . Congo (Dem. Rep.) . Cook Islands . Costa Rica . Cote d'Ivoire . Croatia . Cuba . Curacao . Cyprus . Czech Republic . Denmark . Djibouti . Dominica . Dominican Republic . East Timor . Ecuador . Egypt . El Salvador . Equatorial Guinea . Eritrea . Estonia . Ethiopia . Falkland Islands and Dependencies . Faroe Islands . Fiji . Finland . France . French Guiana . French Polynesia . Gabon . Gambia . Gaza . Georgia . Germany . Ghana . Gibraltar . Greece . Greenland . Grenada . Guadeloupe . Guam . Guatemala . Guinea . Guinea-Bissau . Guyana . Haiti . Hawaiian Islands . Honduras . Hong Kong . Hungary . Iceland . India . Indonesia . Iran . Iraq . Isle Of Man . Israel . Italy . Ivory Coast . Jamaica . Japan . Johnston Atoll . Jordan . Kazakhstan . Kenya . Kiribati . Korea (North) . Korea (South) . Kuwait . Kyrgyzstan . Laos . Latvia . Lebanon . Leeward Islands . Lesotho . Liberia . Libya . Liechtenstein . Lithuania . Luxembourg . Macau . Macedonia . Madagascar . Malawi . Malaysia . Maldives . Mali . Malta . Marshall Islands . Martinique . Mauritania . Mauritius . Mexico . Micronesia (Federated States) . Midway Islands . Moldova . Monaco . Mongolia . Montserrat . Morocco . Mosquito Coast . Mozambique . Myanmar (Burma) . Namibia . Nauru . Navassa Island . Nepal . Netherlands . Netherlands Antilles . New Caledonia . New Zealand . Nicaragua . Niger . Nigeria . Niue . Norfolk Island . Northern Mariana Islands . Norway . Oman . Pakistan . Palau . Palestine . Panama . Papua New Guinea . Paracel Islands . Paraguay . Peru . Philippines . Pitcairn Islands . Poland . Portugal . Puerto Rico . Qatar . Reunion . Romania . Russia . Rwanda . Ryukyu Islands . Saint Helena . Saint Kitts and Nevis . Saint Lucia . Saint Pierre & Miquelon . Saint Vincent & The Grenadines . Samoa . San Marino . Sao Tome & Principe . Saudi Arabia . Senegal . Serbia . Seychelles . Sierra Leone . Singapore . Slovakia . Slovenia . Solomon Islands . Somalia . South Africa . Spain . Sri Lanka . Sudan . Suriname . Swaziland . Sweden . Switzerland . Syria . Taiwan . Tajikistan . Tanzania . Thailand . Togo . Tonga . Transkei . Trinidad & Tobago . Tunisia . Turkey . Turkmenistan . Turks and Caicos Islands . Tuvalu . US Virgin Islands . Uganda . Ukraine . United Arab Emirates . Upper Volta . Uruguay . Uzbekistan . Vanuatu . Vatican City (Holy See) . Venezuela . Vietnam . Wake Island . Windward Islands . Yemen . Yugoslavia . Zaire . Zambia . Zimbabwe
Copyright © 2005 - by Larry Lim, Singapore - Article Search Engine Directory at ArticleSphere.com™
All Rights Reserved Worldwide. All Trademarks and Servicemarks are the property of the respective owners.

Afrikaans Albanian Arabic Belarusian Bulgarian Catalan Chinese (Simplified) Chinese (Traditional) Croatian Czech Danish German English Estonian Filipino Finnish French Galician Greek Hebrew Hindi Hungarian Icelandic Indonesian Irish Italiano Japanese Korean Latvian Lithuanian Macedonian Malay Maltese Dutch Norwegian Persian Polish Portuguese Romanian Russian Serbian Slovak Slovenian Spanish Swahili Swedish Thai Turkish Ukrainian Vietnamese Welsh Yiddish