Summary:
- LVXP has revealed its rendering proposal for the second-tallest reports on the Strip.
- The development would also feature an NBA arena for a Las Vegas NBA team.
- The plans have been submitted to Clark County and are set for review on Tuesday by the Winchester Town Advisory Board.
Renderings have been unveiled for a proposed Las Vegas Strip resort featuring an NBA-ready arena.
This development, which could become the tallest resort on the Strip, aims to provide a future home for a Las Vegas NBA team.
Submitted to Clark County, these plans are set for review on Tuesday by the Winchester Town Advisory Board.
Las Vegas-based real estate company LVXP will present its proposal for a 752-foot-tall, 2,605-unit hotel and condominium project next to the current tallest Strip resort, Fontainebleau.
The company, led by CEO James Frasure Jr., Chief of Staff Christine Richards, and Chief Construction Officer Nick Tomasino, filed a packet of maps, renderings, and applications for the proposed resort earlier this month.
The resort plans include three high-rise towers, a 6,000-seat grand theater, and an 18,000-seat state-of-the-art arena.
Situated on 17 acres between the Sahara and Fontainebleau, the resort will also feature a casino, retail areas with dining options, a swimming pool, recreational spaces, a spa, health club, and a multi-level parking garage.
The location is the site of the former Wet ‘n Wild waterpark. In the last, the location was proposed by former UNLV basketball star Jackie Robinson as the site for his All-Net Arena project.
Although LVXP first announced the project in April, details about financing and construction costs were not initially disclosed.
Second-Tallest Resort On the Strip
The renderings provided by renowned Las Vegas casino architect Paul Steelman of Steelman Partners LLP reveal key design elements, including a gold-and-silver glass curtain wall with LED lighting.
One of the towers will feature a distinct curved design that sweeps into a lower structure.
Standing at 752 feet, the new high-rise would be 15 feet taller than Fontainebleau, making it the second-tallest resort on the Strip.
Despite this ambitious design, an NBA commitment to Las Vegas is not guaranteed.
Although Las Vegas has hosted NBA Summer League games at the Thomas & Mack Center and Cox Pavilion, NBA Commissioner Adam Silver has emphasized that league expansion requires finalized collective bargaining and media rights agreements.
With those agreements now settled, Silver, who views Las Vegas as an “attractive market for a potential team”, will consider expansion before year-end.
However, despite strong interest from Las Vegas and other potential locations like Seattle, he cautioned that expansion was not guaranteed.
Delays for Oak View Group’s Proposed $10B Resort
The proposed LVXP arena is not the only facility vying for NBA attention in Las Vegas.
Oak View Group has plans for a $10 billion, 20,000-seat NBA-ready arena and resort at Las Vegas Boulevard and Blue Diamond Road, near the planned Brightline West high-speed rail station.
However, this project encountered delays due to a land pricing dispute with the owner of Blue Diamond Acquisitions. Oak View Group is reportedly exploring other land options near the Rio hotel-casino.
MGM Resorts International, which co-owns T-Mobile Arena (home of the NHL’s Vegas Golden Knights), has also shown interest in hosting an NBA team at that venue.
Several arenas in the U.S. already serve as dual NBA and NHL locations, making T-Mobile Arena another contender in the NBA team discussion.
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