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Las Vegas Sands Adds Condos to Palazzo Plan

LAS VEGAS-The locally based casino operator gains approval from Clark County to add a residential condominium tower to its $1.8-billion Palazzo project on the Strip.

By Brian K. Miller | Updated on November 09, 2006

(To read more on the multifamily market, click here.)

LAS VEGAS-Las Vegas Sands Corp. is jumping into the high-rise residential market on the Las Vegas Strip. The publicly held operator of the Venetian Resort and the Sands Expo and Convention Center here received approval today from Clark County to add a condominium tower to plans for its $1.8-billion Palazzo project adjacent to the Venetian.

Rising at the corner of Spring Mountain Road and Las Vegas Boulevard, the Palazzo includes a 3,000-room hotel tower, the 450,000-sf Shops at the Palazzo and an 1,800-seat theater. The addition to the project approved Wednesday is a 632-foot tower to be built atop an already approved building that is slated to house an 85,000-sf Barney’s retail store among other things.

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