Fontainebleau Resort Las Vegas
| Fontainebleau Resort Las Vegas | |
|---|---|
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| Location | Winchester, Nevada, United States |
| Address | 2755 Las Vegas Boulevard South |
| Opening date | TBA |
| Theme | Miami Beach |
| No. of rooms | 3,889 |
| Total gaming space | 100,000 sq ft (9,300 m2) |
| Casino type | Land-based |
| Owner | Carl Icahn |
| Architect |
Carlos Zapata Studio Bergman Walls Associates |
| Coordinates | 36°8′15″N 115°9′32″W / 36.13750°N 115.15889°WCoordinates: 36°8′15″N 115°9′32″W / 36.13750°N 115.15889°W |
Fontainebleau Las Vegas is a US$2.9 billion, 3,889-room, 68-story unfinished resort and casino development near the north end of the Las Vegas Strip on the 24.5-acre (9.9 ha) site previously occupied by the El Rancho Casino in Winchester, Nevada. It was intended to be a sister property to the well-known 1950s-era Fontainebleau Miami Beach. The building is currently the second tallest structure in the Las Vegas Valley.
The project, upon completion was expected to include: a 95,000 sq ft (8,800 m2) casino, a 60,000 sq ft (5,600 m2) spa, 3,300-seat performing arts theater, 1,018 condo-hotel units, 180,000 sq ft (17,000 m2) of retail space, 400,000 sq ft (37,000 m2) of indoor and outdoor conference space, nightclubs, and 24 restaurants and lounges.
The building was designed by Carlos Zapata Studio with Bergman Walls Associates as the architect of record.
The Fontainebleau was announced on May 12, 2005, as a casino and 4,000-room hotel, planned to be opened by 2008. The project would be a sister property to the Fontainebleau Miami Beach.Groundbreaking was officially announced to have begun on April 30, 2007. The tower was topped out in November 2008.
Fontainebleau Resorts CEO Glenn Schaeffer, the former chief financial officer of Mandalay Resort Group, which generated record profits before it was sold to MGM Mirage in 2005, left Fontainebleau Resorts without comment in May 2009. Schaeffer was primarily responsible for securing more than US$3 billion in loans for the project.
Also, Bank of America, in its capacity as agent for a syndicate of term lenders, refused to disburse additional funds for construction around this time; as a result, the resort's operator, Fontainebleau Las Vegas LLC, filed for Chapter 11 bankruptcy protection in June 2009. Litigation against Bank of America ensued, alleging that it had wrongfully withheld such funds, but the case was resolved in favor of Bank of America in 2012.
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