Builders Bet Big on Vegas Future

Despite a sagging single-family home market, commercial and infrastructure construction is booming in Las Vegas.

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Vegas is booming. According to the Las Vegas Convention & Visitors Authority, there are over $35 billion in projects planned through 2010, many on the Las Vegas Strip.

Much of the activity is concentrated in just a few massive, mixed-use resort properties, poised to add over 42,000 new hotel rooms and 3.5 million sq ft of convention space to the Strip.

One such project is the $7.4 billion City Center, which will contain 18.67 million sq ft of condominium, hotel, casino and retail space.

Another mega-project, Echelon, is estimated at $4.8 billion upon final build-out. The project’s eight buildings will add 5,000 hotel rooms to the Strip.

Other projects underway that top $2 billion include Cosmopolitan, Palazzo and Fontainebleau.

Off the Strip, work continues on the $3 billion World Market Center, while several smaller residential projects such as the Streamline Tower, Juhl and Newport Lofts fill in the city’s downtown district.

This section includes an overview of the Vegas market along with individual profiles on several prominent projects. It also includes a profile of Southwest Contractor’s Las Vegas Developer of the Year, Plise Companies. 

 
Las Vegas Activity Report 20 >>

Project City Center 24 >>

Streamline Tower 26 >>

One Queensridge 28 >>

Fremont East District 30 >>

Plise Companies 33 >>

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