Fontainebleau Las Vegas What is Next
The Fontainebleau Las Vegas was set to be an amazing hotel directly on the Las Vegas Blvd. The second tallest structure on the strip with many restaurants, gaming, luxury spas and a massive seven acre pool deck! With plans to be a $3 Billion resort the Fontainebleau Las Vegas went bankrupt during the recession in 2009. Construction halted for the Fontainebleau project. Only one year after construction stopped billionaire Carl Icahn purchased the property for only $150 million. They said $1 Billion had been spent before construction had stopped.
Future of Fontainebleau Las Vegas
It has been 6 years since the bankruptcy of Fontainebleau and the market has started buzzing again. We currently have three new resorts that have started construction around the Fontainebleau area including Resorts World Las Vegas, another project created by Australian casino mogul James Packer which will be located where the Frontier was previously and The Lucky Dragon a boutique hotel casino across from the new SLS hotel.
With all the new exciting construction popping up Carl Icahn has placed the Fontainebleau on the market for $650 million. There has been many interested parties that have been inquiring about the property. We have no doubt that the second tallest tower on the strip will have a new owner soon that is ready to create another amazing fantasy land for millions of guests to enjoy! Las Vegas is always changing, always expanding and always pushing the boundary’s of the imagination. If you are interested in purchasing a home in this area Sky Las Vegas is directly across the street from what will be another mega resort on the Las Vegas Strip!