Friday, August 21, 2015

Update on Stalled Construction Projects

Four years ago I wrote a blog post about stalled and abandoned Las Vegas construction projects. I thought it would be fun to go back and see what has happened to those projects:

- Fontainebleau - sold to Carl Icahn and is essentially abandoned.

- Echelon - sold to Genting Group and will be built into Resorts World.

- St. Regis tower at Palazzo - Still unfinished. A building wrap was installed to hide the construction. Las Vegas Sands has talked about doing something with it, but that hasn't happened yet.

- Harmon Hotel at CityCenter - The tower was deconstructed. The Crystals mall will likely expand into that space.

- The Shops at Summerlin - Developed by the Howard Hughes Corporation it was re-branded as Downtown Summerlin and is open with a multitude of retail and dining establishments.

- Wyndham Desert Blue timeshare across from Rio - Work resumed in 2013 and the project was finished. It's a nice looking building.

- ManhattanWest - The project was purchased for pennies on the dollar and construction resumed in 2013. It was renamed The Gramercy and is now open with upscale residential, retail, and office space.

- Vantage Lofts - opened in spring 2014 as Vantage Luxury Flats and Loft Living.

- Mercer - The project was purchased by a developer who plans to open it in the first quarter of 2017. They kept the name Mercer.

I couldn't find any updates on Parkline Lofts, Spanish View Towers, or Uptown. I'm assuming they're still stalled and/or abandoned.