The steel skeleton between the Venetian and Palazzo on the Las Vegas Strip is the construction site for the St. Regis Las Vegas Residences at the Venetian Palazzo.
This $600 million, 63-story, 418-unit, uber-luxury condo tower will feature one- to four-bedroom residences ranging from 1,700 square feet, starting at $2 million, to more than 10,000 square feet for a duplex villa with private pool, topping out at $25 millon; of the 418 condo units, 32 will be penthouses. The famed St. Regis Butler Service will be offered, providing round-the-clock personal attention to every resident. Connected to both the Venetian and Palazzo, the St. Regis residents will have instant access to the two resorts, plus its own fine dining, fitness center, full-service spa, in-house concierge, and rooftop pool.
The St. Regis was announced only last September, with a planned completion date of March 2010. However, a couple weeks ago, construction on the project was suspended, due to the precarious financial position of the Las Vegas Sands Corp., which owns the site and is building the tower. The tower will take another 18 months to complete, but construction won't recommence till "economic conditions improve," and when that might be is anyone's guess.
While the St. Regis tower, like Boyd Gaming's Echelon Place, will no longer rise, Las Vegas Sands has announced it will complete the multi-level retail portion of the project; some of the retail and entertainment space has already been leased. Currently, the retail portion is scheduled for completion by mid-2009.
