LAS VEGAS-JV partners AEG and MGM Resorts International expect to break ground in April 2013 on the new sports and entertainment venue, which will be located on the strip here. The arena is being designed with an array of unrivaled premium offerings and club experiences as well as features that will make it immediately available to host NBA and NHL teams, concerts, boxing, mixed martial arts, family shows, award shows and other major events.
The arena, which will be the centerpiece of the revitalization of the area between New York-New York and Monte Carlo resorts, extending from Las Vegas Blvd. to Frank Sinatra Drive, is scheduled to open in the spring of 2016. The project's anticipated cost of approximately $350 million will be financed entirely with equity contributions from the partners and privately funded third-party debt financing.
In keeping with the partners' commitment to building responsibly, the arena is being designed to meet the U.S. Green Building Council's standards for LEED Gold Certification.
Since its selection as the project's architect of record, Populous has worked closely with the project owners and their project manager, ICON Venue Group, to design an arena that will connect the contrasting influences of Las Vegas - the desert and Spring Mountains to the west and the pulsating, high-energy Las Vegas Boulevard to the east.
Brad Clark, senior principal at Populous and a lead designer of the arena, says that "The design of the arena ensures we will create a truly striking entertainment venue for Las Vegas - representing the color, drama and excitement the city exudes. The arena will be an extension of The Strip's high energy - our job with the design was to stay authentic to that spirit."
Check out the below photos to get a closer look at what to expect.
[IMGCAP(1)]
[IMGCAP(2)]
[IMGCAP(3)]
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
Already have an account? Sign In Now
© 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.
Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
