The
Cosmopolitan Resort & Casino is intended to have a four-star
rating. It will be built on Las Vegas Boulevard between the
Bellagio and MGM Mirage's recently announced 66-acre,
master-planned urban complex, Project CityCenter. The
Cosmopolitan is projected to break ground in 2005 and open
in late 2007 or early 2008.
The Cosmopolitan Resort & Casino will be a condo hotel
destined to redefine the Las Vegas skyline with its stunning
design. A $1.5 billion development, it will consist of two
61-story glass towers on an 8.5-acre site right on the Las
Vegas Strip.
The Cosmopolitan Resort & Casino will encompass:
-
Over
4 million square feet
-
Approximately 2,200 rooms comprised of condo hotel units
and hotel rooms
-
Over
150,000 square feet of convention and meeting space
-
A
70,000 square foot casino
-
Over
300,000 square feet of retail, restaurant, and
entertainment space
-
A
50,000 square foot fitness center and spa
-
1,800
seat theater
-
400
feet of Strip frontage
-
A
four-level parking garage
Phil Gutman, head of sales for the Cosmopolitan project, said,
"This market is so hot, we took reservations on literally
hundreds of units on our first day despite virtually no
advertising and our sales office not yet being opened."
Guttman was quick to add, "For those who didn't get in on
day one, rest assured that there will be more prime units
that are being held back for a few more months. Those people
shouldn't feel as though they missed out. They will still
have a good selection of units to choose from."
The developer of The Cosmopolitan is a group called 3700
Associates. Ian Bruce Eichner, CEO of 3700 Associates, is
one of the nation's premier developers of luxury time share
and condominium properties, including The Manhattan Club in
New York and the Continuum development in Miami's South
Beach district.
Condo hotel units in The Cosmopolitan Resort & Casino are
available from the 14th through the 61st floors. Choose from
studios (600 sq. ft.), one bedrooms (900 sq. ft.) and studio
combos (1,200 sq. ft.). All units include balconies. Prices
range from $485,000 - $1,300,000.
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Cosmopolitan Resort and Casino
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