It's hard to believe that a $1.8 billion dollar Las Vegas high rise condo hotel would get overlooked, but that's exactly what has been happening with the Cosmopolitan project.
With Trump and CityCenter on the forefront in the news, Cosmo's recent formal groundbreaking event served as a quick "heads-up" that they're to be reckoned with as well. Despite the rainy weather conditions, Cosmopolitan CEO Ian Bruce Eichner showcased the 3,000 condo hotel project in front of an audience of over 150 industry professionals.
Although pricey, sales have been brisk at the Cosmo, with over 1,300 units reserved in less than 120 days. Another 700 units will be put on the market shortly. Contact me for info on how you can reserve one. With over $100 million in non-refundable deposits, the project looks strong. Add to that the strength of the Hyatt Corporation which will be managing the hotel-only rooms and the condo leasing program for the unit owners under the Grand Hyatt brand and you have a project with tremendous potential.
But the best part of this project? - Location, location, location! The Cosmopolitan will front Las Vegas Boulevard at the corner of Harmon Avenue, just south of Bellagio. In my opinion, it's presently the best located condo hotel in the Las Vegas market.
Perini Construction will be building the Cosmopolitan infrastructure and when the project's complete, it will include a
75,000-square-foot casino, 300,000 square feet of retail, restaurants, entertainment venues and 150,000 square feet of meeting space, with outdoor pools areas including a 5-acre beach club overlooking the strip. Glass-shrouded dual hotel towers will rise 600 feet above the Strip when the project opens in mid-2008.
Don't be fooled by the lack of media coverage regarding this project. Cosmo's definitely worth a look for your condo hotel wishlist.
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