In all, LVI's Las Vegas subsidiary was engaged to demolish 27 structures and remediate the 63- acre site in preparation for Echelon Place, a $4-billion complex of hotels, casinos, entertainment venues and shopping that is scheduled to open in 2010. The plan includes 5,300 rooms in four hotels, a 140,000-sf casino, theaters, a shopping promenade, spas and convention space.

Within the $4-billion Echelon Place will be the $2.9-billion Echelon Resort, which would be wholly owned by Boyd. Echelon Resort will include 3,300 of the 5,300 rooms in two high-rise towers, each with its own full-service spa, as well as the casino, two theaters (one with 4,000 seats and the other with 1,500 seats), 25 restaurants and bars, and a pool area.

The rest of Echelon Place would be developed via joint ventures and include three additional hotels, a 750,000-sf outpost of the Las Vegas ExpoCenter, another 200,000 sf of retail space, and several more restaurants, bars and nightclubs. The property also will have covered parking for 8,000 vehicles.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.