Unfazed by the nationwide slowdown in Real Estate, Steve Wynn, the casino developer who ignited the redevelopment of the Las Vegas Strip in 1989 with the opening of The Mirage Resort, continues to boldly go where no developer has gone before. At a local press conference in early May, Wynn announced that he will redevelop the prized Golf Course behind his flagship property, Wynn Las Vegas. The main tower at Wynn and the soon to be completed sister tower, Encore are located near many Luxury High-Rise Condos just to the north.
Wynn Golf Course (photo center) Surrounded by Resort Corridor Development
One look at the photo above makes it apparent why the former Desert Inn golf course (even with $500 green fees) is doomed. The acreage directly across from the Wynn Resort recently sold for a staggering $34 million an acre and is slated as a future Mega Resort call The Plaza Hotel.
Wynn’s plan for the golf course acreage include 2 high-end convention hotels that will have 5,200 rooms and an enormous convention center with up to 1.8 million square feet of exhibit space. Underground trams will move guests across Paradise Blvd to the Las Vegas Convention Center.
Revisiting past success, Wynn plans to incorporate lakes, and Bellagio like fountains to keep visitors entertained. The convention center will bridge the gap between the Las Vegas Convention Center and the Sands Expo and Convention Center. The three venues will total over 5 million square feet of exhibit space. Look for more details about the convention center by the end of the year.
We are Tom Garcia and Amy Garcia of Luxury Realty Group and The Garcia Group. We specialize in luxury real estate sales in the Resort Corridor of Las Vegas as well as luxury home sales in Red Rock Country Club, located on the western edge of the valley and The Ridges Las Vegas, one of the premier custom home developments in the nation. We can be reached directly at (702) 360–6645.
2008 the Garcia Group, all rights reserved.
“Your Premier Las Vegas Strip Consultants”
All information in this blog is subject to change, information should be considered time sensitive.
