$4.8B Echelon Place Gets Under Way

LAS VEGAS-Echelon Place officially got under way on Tuesday. The 87-acre development site immediately south of Circus Circus is slated to hold approximately 5,000 hotel rooms, 750,000 sf of convention and meeting space, 300,000 sf of retail, two live entertainment venues, 30 dining and nightlife venues and a 140,000-sf casino.

The total estimated development cost is $4.8 billion, up from a previous estimate of $4.4 billion. Initial completion for 65 of the 87 acres is slated for the third quarter 2010. The executive designer is BLT Architects. The contractor is Tishman Construction. As part of the ground-breaking event, new renderings of the project were released, including the image above.

Within the overall Echelon Place development will be Echelon Resort. To be wholly owned by Boyd, Echelon Resort is slated to include 3,000 of the 5,000 rooms in two high-rise towers, Hotel Echelon and the Suites at Echelon, each with its own full-service spa, as well as the casino, two theaters (one with 4,000 seats and the other with 1,500 seats), 25 restaurants and bars and a pool area.