But when the project went over budget, the supporting banks cut off funding and the development went into Chapter 11 bankruptcy in June 2009, four months before the scheduled opening. Construction began two years later, and the hotel tower was topped off in 2008. ![]() If the project opens in 2023 as planned, it will bring to an end a nearly 20-year journey for the project, which was first announced in 2005 as a planned sister resort to the Fontainebleau Miami Beach hotel in Florida. “This represents not only an investment in real estate, but also an investment in the community, and we look forward to having a positive presence and impact on Las Vegas for generations to come.”įontainebleau Development has retained Las Vegas builder Richardson Construction to complete construction of the property, and the company will announce additional design and development partners in the coming months. “The Las Vegas tourism industry has shown incredible resiliency throughout the last two years, and we believe our target opening date allows us to perfect our vision while positioning Fontainebleau Las Vegas for success in a new era of growth and visitation,” said Fontainebleau Development President Brett Mufson. ![]() The property covers 25 acres and approximately 9 million square feet on the north end of the Las Vegas Strip, directly adjacent to the Las Vegas Convention Center and the Las Vegas Global Business District.
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