LAS VEGAS REAL ESTATE 2020: Top Projects to Watch!

LAS VEGAS REAL ESTATE 2020: Top Projects to Watch!


Hi everyone, welcome back to my channel.
In today’s video, I’m going to talk about top 7 projects in Las Vegas to watch for
in 2020. Let’s get into it. Number 7 Virgin Hotels and Virgin Trains.
Virgin Hotels bought the Hard Rock Hotel in Las Vegas last year and they are
doing a $200 million dollars renovation. The hotel will have a desert
themed to match with the Las Vegas desert climate and landscaping. I already
looked at their renderings on their website, and I really like their interior
design. I don’t think any other hotel right now on the Strip has similar a
design. The hotel will have 1500 rooms 60,000 square feet of casino space and
about five acres of outdoor space for pools and events. One of their interior
design firms is the Rockwell Group. They did many interior designs for many
casinos in Las Vegas. My personal favorite is the lobby at the
Cosmopolitan that they designed it. So I have confidence that the entire design of
Virgin Hotels will turn out amazing and the hotel is expected to open this
fall of 2020. And when it opens, I will definitely film a vlog and show
you guys what it looks like inside. So please subscribe to my channel. Virgin
is also expecting to break ground of their Virgin Trains project in 2020.
Virgin Trains is a $4.8 billion dollar high-speed train project connecting
Victorville in California to Las Vegas. The project already got t$3.25 billion dollars bond financing from the state of California.
The remaining financing will come from debt and also Nevada. And I’m sure they
will have no problem of getting bonds from Nevada.
If you drive from Victorville, California to Las Vegas, it’s about three hours. But
if you take the train, it’s only 90 minutes. I think this is an amazing
project to help Californians to avoid traffic coming into Las Vegas and also
will help the Las Vegas economy. So I really hope this project can happen. I
know that Las Vegas has been talking about a high-speed train project before
I was born and they just kept talking about it, but until last year when Virgin
Trains stepped up and say “Let us do this project”. And now they got bond
approved by the state of California, so I’m confident that they’re really taking
a big step for this project. The project will break ground this year and expect
to open in 2023. Number six, Circa Las Vegas. Circa Las Vegas is a 777 room
hotel that is being built in downtown Las Vegas. It is the first new hotel in
downtown since 1976. When it completes it will have 1.2 million square feet of
space and a three-story sportsbook which is the largest one in town. It is under
construction right now, and they’re expected to open in December of 2020. The
developers are Derek Stevens and Greg Stevens. These two brothers also own the
D casino and the Golden Gate Casino in downtown, so they’re already familiar
with the downtown vibe, people and the operation strategy. So I think the hotel
will turn out very successful because downtown really needs a new hotel.
Downtown is really different from the Strip. The consumer base is different.
Even though downtown is not as popular as the Las Vegas Strip, but downtown
still gets about 15 million visitors every year.
So when Circa opens in December, I will also do a video, so make sure you
subscribe to my channel please! Number five many convention centers are
coming up in 2020. As I mentioned previously in my other video, the Las
Vegas Convention Center is doing a $1.5 billion dollars expansion. They’re adding
1.4 million square feet of space. The new building is already 50% completed and
they’re scheduled to open by the end of this year, so they can get ready to host
the CES Consumer Electronics Show in January of 2021. so let’s stay tuned it.
Wynn Hotel is also building their own convention building. it is four hundred
thirty thousand square feet located right next to the Wynn golf course.
They’re expected to open in February of 2020, which is next month. Caesars
Entertainment is also building their own conference center. It is $375 million
dollars, 550,000 square feet of space. It is located behind the Ferris Wheel, the
High Rollers, behind the LINQ. What I really like about the design of the
Caesars Forum is that they have a 100,000 square feet of outdoor space, so
the High Rollers and the LINQ is an outdoor retail experience area. And
having an outdoor area in front of the conference center really matches up with
the vibe at the LINQ. Number 4 the Drew Las Vegas. The Drew is formally known as
the Fountainbleu Las Vegas. Developer Steve Witkoff bought the unfinished
63-story hotel in 2017 for $600 million dollars. It is currently under
construction and is expected to open in 2022. They recently announced that the
former MGM executive Bobby Baldwin will be the new CEO at The Drew. If you are
interested in poker, please check out Bobby Baldwin. He is a
world-class poker player. So check him out.
Number three Resorts World Las Vegas. This is a $4.2 billion dollars Asian
themed hotel that is under construction on the Las Vegas Strip. Once it completes,
it will become the most expensive hotel ever built in Las Vegas history. If
you’re interested to learn more about the Resorts World Las Vegas, make sure
to check out this video right here. I made an entire video just about this
hotel. I will also put a link in the description box below, so you can check
it out after to finish watching this one. Number two is Sphere Vegas. Sphere is
the world’s most high-tech performance venue building by Madison Square Garden
and Las Vegas Sands Corporation behind the Venetian Hotel in Las Vegas. The
construction cost is about $1.2 billion dollars. I personally really like their
architecture. Their design is a beautiful sphere shape that is 366 feet tall. It
will have 17,500 seats. It is under construction right now and is expected
to open in 2021. I personally really like the design and
development team at the Las Vegas Sands Corporation. They always think outside
the box and reach for the stars. My favorite project of the Sands
Corporation is the Marina Bay Sands in Singapore. It is a genius design. And look
at the Sphere, I think the Sphere is another genius design too. So I’m really
looking forward to the opening of the Sphere and I would definitely film a
vlog when it opens. And the number one is the Allegiant Stadium! There’s nothing else
in Las Vegas that is more exciting than the Allegiant Stadium. Everybody is
looking forward to it opening. I’m not a football fan, but I think I will become a
football fan when the Raiders move in. So the Allegiant Stadium is a $2 billion
dollars NFL professional football stadium that is being built behind the
Fabulous Las Vegas Strip. The stadium will have 65,000 seats and it’s the home
for the Raiders. It will host the Raiders home games, UNLV college football
games, and many other live entertainments and sports event. People are already talking about who
would be the first singer to host a concert at the Allegiant Stadium. I hope
that Ed Sheeran will host a concert, but there are many other people hoping that
Taylor Swift, Beyonce, or Imagine Dragon to host a concert here. so we will
see when it opens this fall in 2020 for the football season. and I hope that a
Super Bowl will be hosted in Las Vegas one day, so I’m super looking forward to
it. Go Las Vegas! Go Raiders! Hashtag: greatest city in the world! Thank you so
much for watching this video. I hope you enjoyed listening to all of the great
news that are happening in Las Vegas. Please don’t forget to click the like
button and also leave a comment below. If you haven’t check out my other videos I
will have the links in the description box below. Thank you so much for watching,
I will see you next time. Bye!