Palazzo Named Largest LEED Certified Building, Sands Plans New Convention Center
- Apr 15, 2008
While projects across the country move to the back burner while waiting for the economy to turn around, in Las Vegas development continues to move forward. The December opening of the eco-friendly Palazzo Las Vegas yielded the project (pictured) a Silver LEED certification on the heels of the Las Vegas Review-Journal’s story that the Palazzo’s developer, Las Vegas Sands Corp., plans to replace its existing convention center with a $680 million facility. With an economic downturn making headlines nationally, how can Sands afford to move forward? Because Las Vegas has one of the most robust economic foundations in the nation, with top rankings in both population and job growth, according to a first quarter report by Grubb & Ellis Research. With the recognition of the Palazzo as the largest LEED-certified building in the world–more than four times bigger than the second-largest, according to U.S. Green Building Council–Sands isn’t resting on its laurels. With construction on the Strip booming and thousands of jobs being created to service the hotel and gaming industries, the Las Vegas economy will continue to see further job growth in other sectors of the economy too, according to the Grubb and Ellis Research. Taking advantage of that growth, the new Sands convention center will be planned at the intersection of Koval Lane and Sands Avenue with the ability to add up to 7,000 new hotel rooms, according to the Review-Journal, which targeted the opening of the new center in 2010. In late 2006, construction began on the multi-million dollar enhancement of the Las Vegas Convention Center. The effort to improve the center is one of several components of the LVCVA’s 5-year marketing plan geared toward supporting the destination’s enormous growth and reaching the goal of a record-setting 43 million visitors by 2009. Las Vegas Sands Corp. is one of the leading international developers of multi-use integrated resorts. The Las Vegas-based firm is the parent company of The Venetian and The Palazzo Resort–Hotel–Casinos, Sands Expo and Convention Center, and The Sands Macao and The Venetian Macao in the People’s Republic of China Special Administrative Region of Macao. The $1.9 billion, 50-story Palazzo Las Vegas has more than 3,000 expansive suites, luxury shopping and world-class dining and entertainment. Highlighted by a flagship, 85,000-square-foot Barneys New York, The Shoppes at The Palazzo features more than 60 luxury boutiques.