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Old May 20th, 2007, 12:48 AM   #361
Hanshin-Tigress
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is it approved yet?
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Old May 20th, 2007, 03:29 AM   #362
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Not yet. We will find out on July 17 (I think).
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Old May 20th, 2007, 09:26 AM   #363
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las vegas is going to look great
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Old May 25th, 2007, 09:17 PM   #364
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Ok, not exactly starting to look like a tower yet but they are getting some good use out of the land while they hammer out permitting issues. These mega deals getting done all around them might increase the chances of this thing getting done in some form.

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Old May 25th, 2007, 09:22 PM   #365
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Quote:
Originally Posted by Maki-chan View Post
is it approved yet?
The approval discutions was delayed on the July 17 meeting. we'll have to wait some more
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Old May 26th, 2007, 09:40 PM   #366
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http://www.lvrj.com/business/7700387.html


Wet 'n Wild site project proceeding, official says


By ARNOLD M. KNIGHTLY
May. 26, 2007
Copyright Š Las Vegas Review-Journal

The Texas-based businessman behind a proposed 1,888-foot hotel-condominium tower for the old Wet 'n Wild site said Friday he has made a $40 million land option payment and the project is proceeding.

Christopher Milam, principal of Austin, Texas-based IDM Properties, said he continues to control the option for the 27 acres after making the payment this week to Archon Corp., the land's owner. Milam said he is still awaiting a Federal Aviation Administration ruling on a proposal for a 142-story tower.

The project is scheduled to go before the Clark County Commission in July but could be postponed if there is no ruling by then.

Milam, through the holding company LVTI, and Archon entered an option agreement for the old water park site for $450 million. A $5 million deposit was made June 27 and the due date for the latest payment was extended three times.

Archon is leasing the site as a construction staging area for the $2.8 billion Fontainebleau hotel casino condominium project, which is scheduled for completion in 2009.

The Wet 'n Wild site's purchase price has been raised to $475 million, according to an investor's note from Deutsche Bank analyst Bill Lerner. The price increase would be in line with rising land values in the area; MGM Mirage announced in April the purchase of 34 acres across the street for $17 million per acre. The Sahara, which borders the Wet 'n Wild site on the north, is reportedly being sold for $17 million to $20 million per acre to Los Angeles-based SBE Entertainment Group.

Milam brought his vision for what would be the tallest building in the Western Hemisphere before the Clark County Planning Commission in late November.

The commission approved the $5 billion, 5,000 unit mixed-use project, 739 feet taller than the Stratosphere, for use permits and design reviews pending the height waiver.

The project's height elicited concerns from officials at Nellis Air Force Base and the Clark County Department of Aviation, who said the project would adversely affect air traffic.

Archon once owned the Santa Fe on North Rancho Drive but sold it in October 2000 to Station Casinos.

Wet 'n Wild was closed in August 2004 with plans by Archon to develop its own 3,002-unit, 611 foot hotel project but the project never moved forward.

Archon Corp. representatives couldn't be reached for comment. In October 2005, Milam's IDM Properties was named developers of Peter Morton's $1.25 billion resort condominium project behind the Hard Rock Hotel. Morton then changed course and announced in May 2006 he was selling the gaming property to Morgans Hotel Group for $770 million.
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Old May 26th, 2007, 11:38 PM   #367
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it appears the project is in a continuous change from 134 levels they've raised it to 142 levels that makes me very happy can't wait for the july 17 deliberation
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Old May 27th, 2007, 01:03 AM   #368
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if it's eight more floors added , the project for the tower could rise its height to 600 m , which is a full number ( instead of 575 m ) .
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Old May 27th, 2007, 04:14 AM   #369
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What are the odds of it getting approved?
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Old May 27th, 2007, 04:24 AM   #370
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That sounds great..
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Old May 27th, 2007, 07:21 AM   #371
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THEY BETTER NOT POSTPONE THE MEETING AGAIN!
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Old May 27th, 2007, 06:58 PM   #372
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great
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Old May 27th, 2007, 07:39 PM   #373
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The height has not changed. It's always been designed with 142 floors as submitted to the planning commission last November. I don't know where the 134 floor count came from.

Edit: Okay, they fixed it now.

Last edited by mdiederi; May 28th, 2007 at 02:05 AM.
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Old May 28th, 2007, 05:59 PM   #374
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nice design !
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Old May 28th, 2007, 07:48 PM   #375
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cool skyscraper
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Old May 28th, 2007, 09:36 PM   #376
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Is it gonna be all glass or something else? I'm kinda confused by the different shots...
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Old May 30th, 2007, 03:06 AM   #377
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The agenda sheet mentions glass curtain wall systems, but I can't tell if they were talking about just the podium or the tower too.

I just figured out where the 134 floor count came from. Emporis has it listed as 134 floors. Where did they get that number? Nothing in the submitted plans and nothing in the press ever mention that number.
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Old May 30th, 2007, 08:14 PM   #378
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Where Do I sign Up?

Hey Robert Manos Here...I've Been Working on Encore at Wynn after finishing Sky Las Vegas last Year for contractor M.J.Dean here in Vegas. I'm looking to get on the Biggest, working with the best. Who is the contractor Do Y'all Know yet? Rob
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Old May 30th, 2007, 08:44 PM   #379
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Don't know yet.

Fontainebleau is the tallest one in town actually under construction right now.
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Old May 31st, 2007, 03:13 AM   #380
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Yeah, I don't think Mr. Milam is that far, yet.
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