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Hard Rock
News |
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This
page was updated
6/9/08 |
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Visit the
Hard Rock website |
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Hard Rock News
& Views
6/9/08 Funding Fully Secured for Hard Rock
Expansion
According to CNN, the joint venture of Morgans Hotel
Group and DLJ Merchant Banking Partners has closed on
the $620-million loan, funding the Hard Rock expansion.
1/14/08 Expansion Construction Finally Under Way
No changes have been made to
the plans
since the March 2007 announcement of the Hard Rock's
major expansion. The resort will remain open during
construction. The podium expansions are under
construction now and the towers will break ground in
March. The new expansion and all interior changes should
be completed by Summer 2009.
The expansion will cover
eight of the 23 undeveloped acres, leaving 15 acres for future
development.
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Rendering shows the west
side of the project
Click image to Enlarge
3/13/07
New
Owners
of Hard Rock Announce Expansion Plans
The $760-million project
will uses eight of the adjacent 23 acres
and will include:
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875 new
rooms
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a 15-story,
hotel tower
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a
15-story,
VIP tower
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30,000sq. ft. of new retail
space
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converting the existing surface parking
lot to a 60,000-sq. ft. convention center
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converting the
existing "The Joint" concert venue into 35,000 sq.
ft. of new casino space (more than doubling the
existing 30,000-sq. ft. casino)
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adding a new, larger
"The Joint" (seating 2,000+)
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an expanded pool area
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The
renderings above (above-center), shows the planned expansion (blue) and
possible future use of the remaining lane (green) as a
residential element. Curious, is the use of the former
Las Ramblas land (purple) which is now owned by the
Africa Israel and marked Africa Israel Project on
THE Map.
Update 7/6/07
The purple area (above) once owned by the Edge Group, has
been sold to (an Israeli company) along with the
former
W Hotel and DR Horton land. African Israel Investments
plans a major development on the entire 60 acres. So,
the purple area will not be part of the Hard Rock
expansion.
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Hard Rock
Construction Photos |
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4/26/08 Jeremy Smiech
sent in the first set of construction photos.
Far Left: The west-side looking south shows suites tower
foundation in the foreground and the new hotel tower
foundation in the background.
Center: From the parking garage, you can see the suites
tower construction.
Near Left: Looking south, down Paradise Road, the old
surface parking lot is being converted to conference
space. |
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NEWS 2/5/07 Hard Rock Hotel and
Casino Purchased by Morgans Hotel Group
The Hard Rock Hotel and Casino
was purchased by Morgans Hotel Group for $770
million. Morgans also owns the renowned Delano and Mondrian brands which
are both being built at Boyd's
Echelon Place on the Stardust site. The
purchase includes the resort and the 23 undeveloped acres adjacent to
the resort, where the cancelled, Hard
Rock Condos were originally planned.
Morgans plans to keep
the Hard Rock name and develop the vacant land, expanding the resort.
Details will be revealed by March 1, 2007 |
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3/04/06 Hard Rock Condos Cancelled
The (now defunct) Hard Rock Condo
project details
Anchoring the east end of the
Harmon Corridor, the Hard Rock Hotel
condo project will be comprised of 800 condo hotel units called "The
Flats", 372 luxury high rise condos called "The Residences" and 36
private beachside villas called "The Bungalows" on 24 lushly landscaped acres
adjacent to the existing pool area.
The new
towers will have 80% glass exteriors and contemporary ultra modern interiors
with exquisite high end finishes. Included in this expansion is a Boardwalk, retail shopping, additional beach entry pools and four new restaurants.
Additionally, The Joint will be reconstructed to a larger, state-of-the-art music
venue concert hall.
The Flats
These Las Vegas condo hotels will be two towers totaling around 800 suites
with a mixture of fully furnished 550 ft studios and 1,100 sq.ft one bedroom
units. These condos can be put into the hotel inventory so that owners may
share in room rental revenues when they are not in residence. It is
anticipated that the studios will be priced starting in the mid $400s and
the one bedrooms will be priced starting in the mid $800s.
The Residences
There are three high rise towers with 372 units in The Hard Rock Residences,
with one-, two- and three-bedroom units from 1,200 to 3,600 sq. ft. The two
and three bedroom condos will be bi-level wall to wall units, and the towers
will feature private parking, valet, and concierge service. There will be no
central corridors in these buildings, so each unit will have direct elevator
access. Pricing will start in the low $1-million range for these condos.
The Bungalows
The private beach-side bungalows will have a South Beach look and a Malibu
feel. These will be exclusive single family villas with their own private
pool starting in the high $2 millions. Each will range from 1,800 square feet to 3,600
square feet, built on 900 square foot pads with either 2, 3 or 4 stories.
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