Needless to say, the journey there has been a long one, involving bankruptcy proceedings, halted construction, different sets of owners, and years of not knowing what would happen with the partially built skyscraper towering over Las Vegas Boulevard. … Now you’re just filling in the pieces,” said Soffer, owner of real estate firm Fontainebleau Development. “The nice thing about this is that the hard part’s done because the structure is up. The 60-plus-story high-rise, one of Las Vegas’ tallest buildings, is a product of the mid-2000s real estate frenzy but has never opened - a towering reminder of the boom days, the devastating crash that followed and, more recently, the pandemic’s severe economic fallout.īut in a full-circle moment, Soffer, the Fontainebleau’s original developer, teamed with the real estate wing of Kansas conglomerate Koch Industries to acquire the hotel-casino project nearly a year ago.Ĭonstruction has resumed, and they aim to open the 3,700-plus-room Fontainebleau Las Vegas in the fourth quarter of 2023.Īccording to the owners, the resort was already 75 percent finished. “It was just the same way we left it,” he said recently. After Jeffrey Soffer reacquired the Fontainebleau, he walked through the long-unfinished Las Vegas project for the first time in more than a decade.Īnd, he recalled, it looked like nothing had changed.
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