Living space near the Las Vegas North Strip is becoming a hot commodity as major projects in the area progress. Development has kicked into high gear as businesses prepare for a sharp increase in business and tourism in the area.
Much of this excitement stems from the arrival of the city’s new NFL team, the Las Vegas Raiders, in 2020. The Raiders and the UNLV Rebels football team will have their new home field at Las Vegas Stadium, a state-of-the-art, 65,000-seat facility which is currently under construction. The strong buzz around these events means rapid growth in demand for living space in the area, including Sky Las Vegas. As demand outpaces supply, prices will increase, so now is the time to reserve your spot!
Though the new sports field and venue is incredibly exciting, Las Vegas Stadium is far from the only new attraction coming soon to the North Strip. Here is an update on three other major projects underway in the area:
Las Vegas Convention Center Expansion
The Las Vegas Convention Center is in the midst of a $1.4 billion expansion and renovation project. The expansion includes the addition of a new 600,000 square-foot trade show hall, which will open in 2021. The project is expected to bring 600,000 extra visitors to the area after completion, create jobs for residents, and inject approximately $850 million into the local economy.
The completed complex will consist of four interconnected exhibit buildings, three of which are already in operation. The existing buildings are being renovated one at a time, allowing the convention center to stay open while receiving needed upgrades. The entire project is set to be completed by 2023.
This expansion will help Las Vegas maintain its title as the nation’s top trade show destination. The appeal of the city as a trade show location is undeniable — the spectacular range of entertainment options beyond the conference gives attendees a strong incentive to make the trip.
In response to the anticipated uptick in tourism from the new convention center and stadium, additional entertainment attractions are also under construction and poised to take advantage of new potential customers.
The long-planned entertainment complex Resorts World is under construction now, aiming to open in 2020. Owned by Genting Group, this Chinese-themed mega-resort is expected to add more than 3,400 much-needed hotel rooms to the area.
Genting has said that Resorts World will include over 100,000 square feet of gaming space, multiple restaurant venues, an amazing club, and a wide array of luxury retail stores. Other proposed facilities include a 4,000-seat theater, an indoor water park, and an aquarium.
We’ve been keeping our eye on this one for awhile! Possibly as early as this year, Madison Square Garden Co. will break ground on MSG Sphere, a new, high-tech entertainment venue. The 18,500-seat arena, located just off the Strip behind the Venetian and Palazzo resorts, will be dedicated to concerts and other performing arts events.
As its name implies, the venue has a spherical shape, which is covered with 190,000 linear feet of LED panels on the outside and 170,000 linear feet of LED panels on the inside. These state-of-the-art panels can be programmed to show digital photo and video images, essentially forming a gargantuan digital billboard on the outside and creating an immersive experience for spectators inside. The acoustics inside the venue will be designed to deliver excellent sound quality, further enhancing the audience experience at musical performances. Construction on MSG Sphere is expected to be completed in late 2020.