Las Vegas is currently the #1 real estate market in the USA thru 2018 into 2019 and has over 7 huge mega projects that require 10,000+ job openings to complete. The unprecedented growth and innovation in one of the worlds most recognized cities is raising the bar world wide. Las Vegas is not just a city – it is a global brand that constantly delivers in terms of travel, experience and lifestyle. These mega projects are all due to be completed by the end of 2020 with also the 1st NFL game to be played in Las Vegas. Condos for sale on the Las Vegas strip are in demand as inventory is limited with no new space for new buildings.
1. Las Vegas Convention Center Expansion
Las Vegas is #1 in the World for conventions with over 22,000 conventions a year.
The Las Vegas Convention Center is currently undergoing a major expansion project managed by Cordell Corporation NV, LLC as the LVCVA’s (Las Vegas Convention and Visitors Authority) owner representative. The LVCVA’s granting of the premission for the Las Vegas Convention Center District Project marked the beginning of a major development with the purpose of accommodating the current customer needs. The project will include both expansion and renovation of the Convention Center, which is already ranked as the #1 trade show destination in North America. However, as stated by Steve Hill, the CEO of LVCVA, this expansion is going to allow the Las Vegas Convention Center to offer even more to its customers and retain its number one ranking.
Besides a modern, new design, the Convention Center is going to receive cutting-edge technology, as well as gain new, contemporary working spaces for meetings and other activities. This expansion, which is expected to cost over 900 million dollars, is going to add 1.4 million square feet to the current Convention Center facility, as well as 600 000 square feet of space that will be available for exhibitions. After being ranked number one for 24 consecutive years, the Las Vegas Convention Center is surely going to keep its reputation after this massive expansion.
2. Resorts World Casino
Known as the city of gambling, the only thing Las Vegas was missing is the Resorts World Casino. However, that is being taken care of as we speak. The Resorts World Las Vegas is currently being built on an 87-acre site located on the Las Vegas Strip, in Winchester, Nevada. While the construction started quite recently in March of 2018, the new facility is scheduled to open in 2020. Directed by the famous architect, Paul Curtis Steelman and the Steelman Partners, the Resorts World Casino is expected to bring millions of gambling enthusiasts to Las Vegas. This is close to sky condominium las vegas making these condos an interesting investment now.
Resorts World Preview
The resort will feature 6583 rooms, which is more than enough to meet the high demand for accommodation currently present in Las Vegas. The Resorts World Casino is going to feature 175 000 square feet of gaming space, which is going to be enriched with world-class casino equipment. Operated by the Genting Group, this whole project has an estimated cost of 3 billion dollars. However, the investment is surely going to be a major profit in a location such as Las Vegas.
3. NFL Raiders Stadium
Following the decision of the Oakland Raiders owners, the team is going to transfer to Las Vegas for the 2020 NFL season. The team is relocating to the Las Vegas Stadium, soon to be the NFL Raiders Stadium, which is currently under construction. Since the Raiders are scheduled to play their first 2020 National Football League games in Las Vegas, the construction project will have to be completed by that time. The stadium is going to stretch over a 62-acre site located west of the Mandalay Bay and the Hacienda Avenue.
NFL Stadium Las Vegas
The stadium features a perfect location near the airport and close to the famous Las Vegas Strip. It will surely have the capacity to host large-scale events on its natural-grass playing field. The construction of the stadium began back in 2017 and the whole project has a budget of 1.8 billion dollars, which says enough about how big of a development it is. The sites capacity is expected to be 65 000, even though it is going to be expandable to over 70 000 seats. The ICON Venue Group is the project manager of the NFL Raiders Stadium, which is expected to be one of the greatest newly built stadiums in the National Football League.
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4. Steve Wynn’s Paradise Park and New Hotel Casino
The city of Las Vegas is soon going to have another spectacular resort to offer to its visitors and residents. A new Steve Wynn’s Paradise Park and Hotel Casino is being built north of the Las Vegas Strip on the former site of the New Frontier. The hotel property is going to feature around 3000 rooms, along with world-class amenities and entertainment. With an estimated budget of 1.6 billion dollars, this expensive resort is going to feature interactive rides and unique attractions to spark up the excitement in Las Vegas.
Steve Wynn’s New Paradise Park
Since the city mostly offers entertainment for gamblers, it is now the right time to create a resort with plenty of exciting amenities for non-gamblers as well. So far we know that the new Steve Wynn’s Paradise Park is going to feature LED-lit bumper cars with amazing audio effects and fake police officers, along with various other exciting amenities such as zip lines, a carousel, a man-made lake, fireworks and floats that move over water. There has been a lot of complications surrounding the construction of this 1.6 billion dollars resort, especially after the resignation of the co-founder Steve Wynn who had allegedly sexually harassed his employers. However, the recently appointed CEO of Wynn Resorts, Matt Maddox, has stated that the company will continue the construction of the resort, which is planned to open in 2020.
5. Marriott to Complete 4000+ Mega Hotel Resort
Known as the largest hotel company in the world, Marriott International have taken the construction of a large Las Vegas resort into their hands. They are set to complete this mega resort project in late 2020. The resort will be named The Drew Las Vegas and it will feature over 4000 luxury rooms, as well as more than 500 000 square feet of convention and meeting space for the visitors’ business needs. Tony Capuano, the executive vice president and global chief development officer of Marriot International, has stated that The Drew Las Vegas is bound to become a landmark property of Marriott International.
The Drew Las Vegas
This major project will be a great addition to an already stunning list of Las Vegas resorts. Besides thousands of rooms, the facility is going to feature a casino, along with retail, dining and nightlife venues. As far as the casino goes, The Drew Las Vegas will have over 90 000 square feet of gaming space, which is more than enough to entertain thousands of gambling enthusiasts. Marriott International is about to complete the project, which was started a while ago in 2005. However, back then the project was known as Fontainebleau Las Vegas and it went into bankruptcy in 2009. Since then, Marriott International has taken matters into their hands to complete yet another amazing Las Vegas resort.
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6. Madison Square Garden Las Vegas
The Madison Square Garden has recently announced their partnership with Las Vegas Sand Corp. The two corporations have teamed up to build the spectacular Las Vegas Sphere Venue after Las Vegas Sand Corp. funded the project with 75 million dollars. The Las Vegas Sphere Venue is going to be a futuristic music arena, featuring a design never seen before. It will have a total of 18 000 seats, measuring 360 feet at the highest point of the sphere and 500 feet at its widest point. This entertainment venue is going to be one of the most stunning music arenas in the world where people will not only be able to hear the music but feel it as well.
MSG Las Vegas
The Las Vegas Sphere Venue is being constructed on a 63-acre lot, located east of the official Sands Expo and Convention Center, between Koval Lane and Manhattan Street. To make things even more exciting, the venue is going to feature a fully programmable exterior with 170 000 square feet of spherical digital display plane. An infrasound haptic floor system is going to carry the sound through the floor, while thousands of small speakers are going to be placed inside the walls. All this advanced technology is going to create the kind of music experience people have never experienced before.
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7. New Homes, Condos and Apartments
With over 10,000+ Jobs needing to be filled to complete all these projects by the end of 2020 Las Vegas needs more homes and condos. Several out of state contracting firms have recently started buying land and building apartments. Las Vegas is 2nd in the USA for yearly migration and population increase. Most people are just looking to start over in an affordable down with no state income tax and a better value for the money. The cost of living in Las Vegas currently ranks at the top for lifestyle in terms of housing and amenities.