MGM’s CityCenter now to cost over $9 Billion - When will reality set in?
Posted by Luxury Realty Group - May 16th, 2008
Just as most experts agreed, the cost to build luxury condominiums on the Las Vegas Strip would have to increase because of land prices and construction costs, putting that much more emphasis on prime-location properties. Case and point? What was once thought to be a $6 billion or so development, MGM recently announced that the total cost to build its CityCenter project has now increased to over $9 billion.Cirque du Soleil performance? Nope - construction at MGM MIRAGE CityCenter in Las Vegas
Posted by Luxury Realty Group - May 13th, 2008
Something magical is happening on the Las Vegas Strip. The construction site of the approx. $9.2-billion MGM MIRAGE CityCenter in Las Vegas is becoming an organic piece of evolving art. Twisted steel and skillfully-colored glass come together to form a painting of architectural genius. In these latest May 2008 photos of the site, construction workers gracefully perform - much like one would expect to witness when attending the latest Cirque du Soleil show.First glass getting installed on The Harmon Hotel, Spa & Residences at MGM MIRAGE CityCenter on the Las Vegas Strip
Posted by Luxury Realty Group - May 13th, 2008
With construction crews from the Perini Building Company working feverishly, the first glass has been installed on The Harmon Hotel, Spa & Residences at MGM MIRAGE CityCenter on the Las Vegas Strip. This in addition to glass also now being installed on Veer Towers. This blog will be the first in a series outlining the latest construction strides taking place at MGM MIRAGE’s $8.4 billion eco-friendly mega-resort.Tiffany announces new store at The Crystals at MGM MIRAGE CityCenter on the Las Vegas Strip
Posted by Luxury Realty Group - May 8th, 2008
Located directly on the Las Vegas Strip and with an estimated opening in 2009, the $8.4 billion MGM MIRAGE CityCenter is expected to set a new level of standard when it comes to mega-resort construction, architecture, and amenity. From spectacular high-rise real estate offerings such as The Harmon Hotel, Spa & Residences, Vdara Condo Hotel, Veer Towers, and The Residences at Mandarin Oriential to an approx. 500,000 square foot retail and entertainment district called The Crystals, CityCenter has reached global appeal. And now, luxury jeweler Tiffany and Co. has announced it will appear at The Crystals.Las Vegas Strip Construction Update: Yellow and charcoal glass being installed on Veer Towers at MGM MIRAGE CityCenter
Posted by Luxury Realty Group - May 7th, 2008
Construction Update: Very nice looking grey and yellow colored glass is starting to be installed on Veer Towers, two leaning luxury high-rise condominium towers on the Las Vegas Strip. Veer Towers consists of approx. 674 residential condos, divided up into two separate buildings. The success of MGM MIRAGE CityCenter (an $8.4 billion development) is good news for the local Las Vegas real estate market. While the media refuses to tell few positive stories happening in Las Vegas (especially on the Strip), CityCenter has set several records and has sold over $1.6 billion in real estate in just over a years time. But you didn’t see that on the news did ya?Fontainebleau big change for Las Vegas Strip revenue - Resort Corridor matures.
Posted by Luxury Realty Group - February 3rd, 2008
Some say that the Fontainebleau Resort in Las Vegas is expected to generate two thirds of its revenue through avenues other than gaming. Dining, entertainment, nightclubs and more will play a key role. This is good news for the Strip and shows that “Sin City” is maturing into a global destination.Since Wynn did the north end of the Strip go high-end?
Posted by Luxury Realty Group - February 1st, 2008
Steve Wynn, thanks to his forward thinking, has taken the focus of high end Las Vegas real estate and hotels to the north end of the Resort Corridor.How much can I list my 22nd story banana farm for? 30-story high rise farm coming to Las Vegas?!
Posted by Luxury Realty Group - January 5th, 2008
3 major announcements regarding green construction and practices have hit full force in Nevada recently. MGM MIRAGE CityCenter going after LEED certification from the U.S. Green Council…completed construction of the world’s third largest solar array…and now a 30-story high rise farm that would be used to grow different kinds of fruit and vegetables for the local casinos?