Las Vegas Commercial Real Estate

The Associated Press is reporting that the Taubman Centers, owner and developer of high- end shopping malls, has teamed up with MGM Mirage, to build an 18 million- square-foot complex in the heart of Las Vegas. The $7 billion project will include a 4,000-room resort hotel and casino, a 400-room Mandarin Oriental Hotel, with 215 condominiums, a two-tower 810-unit condominium residence, a 1,545-unit condominium-hotel resort, and a 400-room hotel (with an additional 313 condominium-hotel unit) designed especially for women.

The project will also include 500,000 square feet of retail shops which Taubman is building. The complex is reported to be the most expensive privately funded real estate development in U.S. history.

This entry was posted on Friday, May 26th, 2006 at 4:12 am and is filed under Commercial Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.