December 2007 January 2008

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ACCESS LASVEGAS DECEMBER 2007 | JANUARY 2008

YOUR ACCESS TO THE LAS VEGAS MULTI-FAMILY HOUSING MARKET

MGM’s Vdara Offers An Eco-Friendly Retreat At CityCenter The term "city within a city" has been coined to describe a number of mixed-use developments in high-density metropolitan settings. MGM Mirage is attempting to elevate this phrase to new heights with CityCenter, the largest privately financed development in the history of North America. Located in the heart of the Las Vegas strip, this 76-acre project is not only generating excitement for its scope and high-profile design, but also because it's pursuing the U.S. Green Building Council's Leadership in Energy and Environmental Design (LEED) silver certification. Situated between the Bellagio and Monte Carlo resorts, the $7.4-billion CityCenter will open in late 2009. A design collaboration between MGM Mirage and eight internationally acclaimed architects, the development will feature a 61-story, 4,000-room hotel and casino; two 400-room, non-gaming hotels; a 500,000 square feet retail and entertainment district and approximately 2,650

luxury residences. "When we say 'city within a city,' we [don't mean to] sound cliché," says Tony Dennis, executive vice president of CityCenter's Residential Division. "It's hard to come up with a new term in the dictionary to define CityCenter." Among the stylish hotels, high-end condominiums and entertainment venues from one of the world's premier developers and operators of luxury resorts, Vdara will be the only condo hotel in CityCenter. This 57-story tower is intended to attract second and third homebuyers interested in a vacation home that generates rental income to help offset ownership costs. New York-based, world-renowned architect Rafael Viñoly designed this chic condo hotel, with interior design by Brennan Beer Gorman Monk Interiors, implementing environmentally friendly building practices. MGM Mirage is touting the potential of Vdara to transform the way people (Continued on Page 10)


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