Las Vegas is set to break ground on a new ultraluxury resort that aims to redefine its skyline. The project, led by LVXP, will be built on the 27-acre site previously occupied by Wet ‘n Wild waterpark and once earmarked for Jackie Robinson’s All Net Arena.
The resort, which is planned to feature a 2,500-room hotel, state-of-the-art casino, and a world-class NBA-ready arena, aims to be a seven-star property. It will offer an array of advanced amenities, including a retail plaza, food outlets highlighting local restaurateurs, convention facilities, and a subterranean parking garage. The arena is expected to seat 18,500 to 20,000 guests, accommodating sports events and entertainment.
LVXP’s leadership team comprises CEO James Frasure Jr., Chief of Staff Christine Richards, and Chief Construction Officer Nick Tomasino. The team, all long-time Las Vegas residents, brings together diverse expertise in real estate, finance, technology, sports, and entertainment to the project.
“This resort is a community project that embraces Las Vegas’ dynamic culture and offers substantial long-term value for both residents and visitors,” said Frasure. The team’s approach prioritizes sustainable development, with a focus on creating jobs, employing union labor, and generating significant revenue for the local economy.
The project will partner with Steelman Partners, a renowned Las Vegas-based design firm, for architectural design. The firm has previously designed prominent casino-resorts such as Circa in downtown Las Vegas, Crockfords at Resorts World, and others worldwide.
Steelman CEO Paul Steelman expressed excitement about the project, emphasizing its role in shaping Las Vegas’ future and integrating modern technologies with personalized experiences. The team aims to blend innovation and legacy in the design, redefining Las Vegas hospitality and entertainment standards.
Permitting is expected by August, with groundbreaking scheduled for late 2024 or early 2025. The project’s towering structure, poised to surpass 1,200 feet, will be one of Las Vegas’ tallest, offering a glimpse into the city’s evolving landscape.
