Las Vegas Sands has grand plans

First the rapidly-growing hotel, gaming and resort company built the Venetian at the corner of Las Vegas Boulevard, better known as the Strip, and Sands Avenue to compliment the huge convention facility Sands Expo Center. It promptly became a major hit among convention goers and up-scale visitors to town. Since the demand was there, they soon went ahead and built the luxurious Palazzo next door, opening it in January and connected it directly to the Venetian.

There is more in the pipeline, though. A piece of prime land sits right in front of the Palazzo and the owner of that wanted to put a shopping center on it and repeatedly declined to sell his prized holding, so Las Vegas Sands negotiated an airspace agreement with him that allows the construction of a 400-unit condominium tower above the street-level shops. That's a first for Las Vegas. Airspace deals and other tight building arrangements are common in New York and other large metropolitan areas, but not here. To read the entire article, please click on the link in this paragraph.