BluefoxToday blog : The Plaza project moves forward

The Plaza project moves forward

Another Las Vegas mega resort development obtained its preliminary approval this week from the Clark County Planning Commission. The $5 billion Plaza is planned for the New Frontier's old location at the north end of the Strip. If the final approval is granted in January, construction is set to begin later in the year and completion is estimated for 2012.

The developer is Elad IDB Las Vegas, a joint venture of Elad Group and Property & Building Corp. which is a subsidiary of IDB Holdings Corp. The property is designed to emulate the famous Plaza Hotel in New York that features French Renaissance architecture.

The current plan has seven towers in total built on the 34.5-acre site that will house 4,100 hotel rooms and 2,600 condos spread throughout the buildings. In addition, it'll have substantial space allocated for a casino, a host of restaurants, a large convention center, a health club and of course retail. To read the entire article, please click here

 

_______________________________________________________________________________

Provided by: 

Esko Kiuru
Mortgage, real estate and apartment industry analyst 

www.BluefoxToday.com - syndicated mortgage, housing and property management blog

eskokiuru@gmail.com
My cell: 702-499-1006

Comment balloon 4 commentsEsko Kiuru • December 21 2007 10:02PM

Comments

We were in Vegas when The Frontier came down, the growth there is amazing....will it ever slow down??
Posted by Bonnie & Terry Westbrook, Grand Rapids MI Real Estate (Westbrook Realty) almost 11 years ago

Bonnie,

Looks like the developers' tea leaves tell them to keep on building new resorts.

Posted by Esko Kiuru almost 11 years ago
Esko, sounds like this is going to be a huge addition to the strip.  Will this be the biggest complex there?
Posted by George Souto, Your Connecticut Mortgage Expert (George Souto NMLS #65149 FHA, CHFA, VA Mortgages) almost 11 years ago

George,

MGM Mirage's CityCenter will be the biggest, I think. This Plaza will be right up there, though.

Posted by Esko Kiuru almost 11 years ago

Participate