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Old August 20th, 2008, 07:53 AM   #181
cosmo2k9
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RE: Cosmo

Thanks for the update smp! Perhaps a buyer will emerge by the end of this month.
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Old August 28th, 2008, 12:28 PM   #182
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Couple of random Wednesday shots...



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Old August 31st, 2008, 07:16 AM   #183
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I noticed the website only has an email address and a phone number now.

Last edited by mac78130; August 31st, 2008 at 07:27 AM.
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Old September 2nd, 2008, 12:59 AM   #184
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hmm... is this good or bad?
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Old September 2nd, 2008, 03:25 AM   #185
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I'd say it's probably bad. It could possibly mean that some of the items are not going to be completed at this time. Of course we already know that some of the items on the website were incorrect, such as who will manage the hotel. This could mean some other aspects are also going to change.

The website now just looks like a placeholder not really a website but the cost savings for this are so minimal compared to the project cost I can't believe that's the reason it was done.
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Old September 3rd, 2008, 10:39 PM   #186
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just some recent pictures, can be seen here

http://forums.suitewave.com/viewtopic.php?f=6&t=15
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Old September 4th, 2008, 02:08 AM   #187
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Quote:
Originally Posted by lvpanerai View Post
just some recent pictures, can be seen here

http://forums.suitewave.com/viewtopic.php?f=6&t=15
You need to register in order to see anything.
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Old September 4th, 2008, 05:15 PM   #188
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http://www.lasvegassun.com/news/2008...opolitan-play/

Cosmo sold for $1,000,000,000 to bank affiliate.

Perini has signed a “guaranteed maximum price contract” to complete construction.

Deutsche Bank named four companies to the resort’s development team Wednesday. They include New York-based real estate developer Related Cos., which has an equity stake in the Cosmopolitan and will oversee the project, and W.A. Richardson Builders, a gaming construction design firm in Las Vegas. Related built the World Market Center downtown. W.A. Richardson Builders is owned by Bill Richardson, a former executive with casino giant Mandalay Resort Group, which was bought by MGM Mirage in 2005.

The remaining two companies, design firm The Friedmutter Group of Las Vegas and architecture company Arquitectonica Corp. of Miami, were part of the original design team and will remain with the project under the new ownership.

Key roles have yet to be filled.

Deutsche Bank has yet to name a company to manage the hotel or the casino. The casino manager, which could be a separate company, would need a Nevada gaming license. That process can take up to a year, less time if a management company with a license is appointed in the interim.

Deutsche Bank is expected to negotiate such agreements in the coming weeks.
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Old September 5th, 2008, 07:12 AM   #189
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Re: Cosmopolitan sale article

Paragraph in article reads;

"Sales agents say the Cosmopolitan may benefit from timing. Although some buyers are expected to exit their contracts, typical for any project, the economy may turn by the time most buyers are able to close escrow, they say."

Question:
When they say "exit" their contracts, are they saying that because of the sale condo buyers can option out with refund of deposit?
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Old September 6th, 2008, 12:10 AM   #190
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Quote:
Originally Posted by Don Pacho View Post
You need to register in order to see anything.

sorry, set up the site for owners and want to keep the spam and lurkers to a minimum.
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Old September 6th, 2008, 09:36 AM   #191
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Cosmo news

I just got my copy of the letters being sent out to Cosmo unit owners confirming the information in the Sun News. Additionally they state the project is 50% completed on the exterior with the topping off expected to be at the end of the year. Escrows are slated to begin closing (I assume on the main building) 2cd quarter of 2010.
There was no hint of the property going hotel only. They also confirm there will be some exciting news in the next few weeks. Sure sounds like this thing is going to be completed. Hopefully Related Cos. means a chance of having the W branding to go with it. I sure hope that is the case but who the heck knows

FOD
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Old September 7th, 2008, 04:42 AM   #192
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Deposit Refund

Hello all: Has anyone attempted to have their deposit refunded? Sadly, I do not expect to be able to close on this property at my contract price. http://www.skyscrapercity.com/images/smilies/shake.gif
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Old September 12th, 2008, 07:25 AM   #193
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Sept. 2008 Letter

Hey everyone,

Received a letter from The Cosmopolitan this week and it reads:

September 3rd, 2008


RE: Cosmopolitan Unit #XXXX

Dear Cosmo Owner,

We are pleased to let you know that construction on The Cosmopolitan Resort & Casino is continuing and making significant progress. The Cosmopolitan's new owner is Nevada Property 1 LLC, an affiliate of Deutsche Bank, one of the world's largest banks and the project's principal financing source since construction commenced. Important members of The Cosmopolitan team that will also continue with the project are general contractor Perini Construction Corporation, executive architect The Friedmutter Group and design architect Arquitectonica. Furthermore, W.A. Richardson Builders and Related Companies, a national real estate developer with a 35-year track record with world-renowned projects including the Time Warner Center in New York City and the successful World Market Center in Las Vegas, have been added to bring their expertise and energy to this first-class lifestyle-based casino casino and residential project.

To date, 50 percent of the exterior construction has been built, and in December 2008 we expect to celebrate the "topping off" - the completion of the top floors of both towers including our penthouses. We anticipate unit closings to begin by second quarter 2010.

We are fully committed to the completion of The Cosmopolitan and will continue to update you on the progress of the project throughout the upcoming months. In the meantime, if you have any questions, please feel free to call us at 702.215.5500.

The Cosmopolitan Resort & Casino will be an exciting and important new presence in the heart of the Las Vegas Strip, and we look forward to you being part of our community.

Very truly yours,
Ron Wackrow
Executive Vice President, Related Companies
Development Manager, The Cosmopolitan Resort & Casino

The Cosmopolitan Resort & Casino
4285 Polaris Avenue
Las Vegas, NV 89103
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Old December 7th, 2008, 01:26 AM   #194
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From November 28, 2008.

image hosted on flickr
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Old December 7th, 2008, 02:31 AM   #195
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12.2 vegastodayandtomorrow.com



Left tower is at 47 out of 53 floors and right tower is at 48 out of 61 floors.
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Old December 7th, 2008, 04:42 AM   #196
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I thought cosmo towers were going to be 50 stories each. Topping out is planned by the end of this year, I don't think 10/11 floors can be built in a short time??
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Old December 7th, 2008, 09:30 PM   #197
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Probably the construction slowed because of the frequent ownership changes so as a result, top-out is delayed a little, and I am confident of the floor count, it's supposed to be about the same height as CityCenter where the tallest towers are 60 floors.
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Old December 23rd, 2008, 08:28 AM   #198
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Happy Holidays from The Cosmopolitan!

http://www.sixteenfifty.com/cosmopol...appy-holidays/
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Old January 11th, 2009, 09:22 AM   #199
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North face.

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Old January 11th, 2009, 09:45 AM   #200
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Glass out front.



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