Clark County Commissioners and the FAA recently approved plans for The "Crown", slated to become the tallest resort hotel and casino in Las Vegas. "The Crown", to be located at the site of the old Wet N Wild Water Park by the Sahara Hotel directly on the Las Vegas Boulevard Strip, was originally proposed as a $5 billion dollar mega resort hoping to become the tallest building west of the Mississippi at 1,888 feet. However, due to air traffic issues, the approved height was reduced to 1,064, which is slightly smaller than the top of the Stratosphere.
Still, that's a high rise!
Christopher Milam, a Texas-based developer bought the Wet N Wild real estate site fo $475 million and has since partnered with Australian billionnaire and casino owner/operator James Packer to build "The Crown" as a joint venture.
Plans call for meeting space, 3,000 square foot showrooms, retail, room for a 250,000 square foot casino, and 500 hotel rooms with initial development beginnning in about 3 years. Then again, why wait 3 years when there are so many interesting high rise condo options available to you today? Especially since we all know what happened the last time a Australian developer tackled the Las Vegas High Rise Condo world... (The Ivana project, anyone?)
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Tuesday, December 11, 2007
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