September 22, 2008 / 6:16 AM / 10 years ago

FACTBOX: Las Vegas Strip under construction

(Reuters) - Developers are expected to add about 23,000 luxury hotel rooms to the Las Vegas Strip between now and 2010.

That number has fallen by about half from a year ago as the weak economy and credit constraints led several developers to reconsider their plans.

Following is a summary of casino-hotel projects currently under construction:

— Encore at Wynn Las Vegas: 2,034 all-suite hotel tower, 72,000-square-foot casino, convention and meeting space, restaurants, nightclub, swimming pools, spa and salon, and retail outlets.

Located just north of, and adjacent to, Wynn Las Vegas.

Due to open in December.

Owner: Wynn Resorts Ltd

— Caesars Palace: new 665-room hotel tower, including 75 luxury suites, additional meeting space, a remodeled and expanded pool area and other improvements.

The expansion is slated to open in mid-2009.

Owner: Harrah’s Entertainment

— Fontainebleau Las Vegas: 3,889 hotel rooms (including 1,018 luxury condominium-hotel units), 100,000 square foot casino, 353,000 square feet of convention and meeting space, a spa, 3,200-seat theater, 291,000 square feet of retail space and numerous restaurants and bars.

Located toward the northern end of the Strip at the corner of Las Vegas and Riviera Boulevards.

Expected to open in fourth-quarter 2009.

Owner: Fontainebleau Resorts

— CityCenter: Consists of Aria, a 4,000-room gambling resort; three luxury non-casino hotels including Mandarin Oriental, the Harmon Hotel, Spa & Residences and Vdara Condo Hotel; Veer Towers, the development’s only strictly residential building; approximately 2,600 condominium residences; and the Crystals, a 500,000-square-foot retail and entertainment district.

Located on 67 acres between the Bellagio and Monte Carlo resorts.

Expected to open in late 2009.

Owner: Joint venture of MGM Mirage and Dubai World

— The Cosmopolitan Resort & Casino: Two 600-foot-tall towers with 2,998 luxury hotel rooms, suites, penthouses and condo-hotel units; a casino, shopping, dining space, spa and fitness center, multipurpose showroom and five-acre playground with multiple outdoor decks, including an exclusive nightclub overlooking the Strip. An integrated ballroom, business, convention and conference space is also planned.

Located on the western side of the Strip between CityCenter and MGM’s Bellagio.

Prior to foreclosure, was expected to open in 2009.

Owner: Acquired in a foreclosure by an affiliate of Deutsche Bank

— Echelon: 87-acre site with about 5,000 rooms and suites in five separate hotels; 200,000 square feet of pools and outdoor gardens; over 30 dining and night life venues; 650,000 square feet of meeting and convention space; 4,000-seat and 1,500-seat theaters; 300,000 square feet retail promenade; 140,000 square foot casino.

Located toward the northern end of the Strip at the site of the now-demolished Stardust.

Had been slated to open in 2010, but Boyd has halted construction, with the main site built to eight stories, until at least mid-2009.

Owner: Boyd Gaming, which is still seeking financing for two joint venture partnerships.

Compiled by Deena Beasley in Las Vegas

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