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First of Several Citycenter Buildings Tops Out

LAS VEGAS-MGM Mirage this week completed vertical construction for the 57-story Vdara Condo Hotel, one of six towers at its $11-billion Citycenter development.

By Brian K. Miller | Updated on May 15, 2008

LAS VEGAS-The 57-story Vdara Hotel Condo, the first of six high-rise towers going up at the massive Project Citycenter, topped out this week. Developer MGM Mirage says the remaining towers will top out in the coming months as work continues toward an all-at-once opening in late 2009.

Citycenter is rising on 67 acres between the Bellagio and Monte Carlo resorts. The $8-billion project is a 50-50 joint venture of MGM Mirage and Dubai World, a Dubai government conglomerate whose companies include Nakheel, developer of the man-made Palm and World islands off the coast of Dubai.

All told, Citycenter will be home to a 61-story, 4,000-room resort casino; two 400-room, non-gaming hotels; and 2,700 for-sale residential units, including the Vdara. Shopping and entertainment offerings will include an Elvis-themed Cirque du Soleil show and the Crystals, a 500,000-sf retail and entertainment district. The development also will include its own monorail to move people around the site.

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