MGM Announces Plans for Large Strip Development

MGM Mirage recently unveiled plans for the first 18 million-sq.-ft. phase of Project City Center on the Las Vegas Strip. Cost estimates on the first phase range between $3 billion and $4 billion.

Plans call for a 4,000-room hotel and casino, three, 400-room boutique hotels, 1,650 luxury condos and 550,000 sq. ftl of retail space.

MGM Mirage has retained Ehernkrantz, Eckstut and Kuhn Architects of New York to design the project. The company estimates design will take 18 months, with plans to start construction in 42 months. A 2010 completion date is planned.

Ground recently broke on the first phase of Eldorado Industrial Park, an 11-acre industrial development on the corner of Industrial and Eldorado.

The project is owned by Real Estate Services Group, designed by Gerald Garapich & Associates and constructed by Affordable Concepts.

The initial building will be a 35,000 sq. ft. concrete tilt-up with loading docks.

ACI's project manager Nelson Cumana and superintendent Don Linne are leading the building effort at the new industrial park, which will open the door to commerce on Industrial. The first phase is scheduled for completion in second quarter 2005.

Group to Reinvent Casinos

Paul Steelman Design Group has been tapped by Stations Casinos to reinvent the spaces at Santa Fe Station and breath new life into the property. The project scope includes expansion of the casino by turning the existing ice skating rink into additional game floor space; renovation of the existing bowling alley; a new Mexican restaurant; a trendy new steak house and renovation of the Grand Café, Santa Fe's 24 hour eatery.

World Market Center to Expand

Cushman & Wakefield of Nevada, Inc. has negotiated the $17,213,824 sale of a parcel within Parkway Center for future expansion of the World Market Center.

Furniture Mart Enterprises, LLC purchased the 20.8-acre Lot 3 at Parkway Center, which is located at Grand Center Parkway and Discovery Drive. The property will provide for expansion of the World Market Center. The Lot 3 purchase will add to the 36.1 acres already purchased from Union Pacific.

The six-phase center will eventually comprise 7.5 million square feet. Phase one, which includes 1.3 million square feet of space, is fully leased. Phase

Two will include 1.6 million square feet in a 14-story structure.