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| A New Era in Las Vegas development 1.8 Billion Plus Cosmopolitan Resort & Casino Breaks Ground at Center Strip Location in Las Vegas. At a ceremony held before a gathering of local officials, dignitaries, and business leaders including famous architect Bernardo Fort-Brescia and Global Hyatt Chairman and CEO Thomas Pritzker, Cosmopolitan executives, using a large backhoe, cracked through the asphalt to mark the beginning of an approximately three year construction process. The Cosmopolitan is projected to open in mid-2008. It will be one of the few independently owned, operated, and privately financed developments on The Strip. At the height of construction, the project will generate approximately 3, 000 construction jobs and stimulate millions of dollars in tax revenues. Upon opening in mid-2008, The Cosmopolitan will create approximately 5, 000 jobs at its center Strip location. The two high-rise hotel and condo-hotel towers will stand approximately 600 ft. tall and include approximately 3, 000 luxury hotel rooms and suites and condo-hotel residences; over 150, 000 sq. ft. of integrated, business convention and conference space; a 75, 000 sq. ft. casino; 300, 000 sq. ft. of exclusive and brand-name retail boutiques and fine-dining restaurants; an 1, 800 seat theater; a 500 seat cabaret; a 50, 000 sq. ft. exclusive spa, salon and fitness center; multiple nightclub venues and a 3, 800-car underground parking structure. write your comments about the article :: © 2005 Construction News :: home page |