LAS VEGAS – November 9, 2021 – Fontainebleau Development, which designs, builds, owns, and operates premier hospitality, commercial, retail, and luxury properties, is targeting fourth quarter of 2023 for the opening of its recently acquired 67-story, vertically integrated luxury resort and casino at 2777 S. Las Vegas Blvd. The property has commenced construction and will open under the name Fontainebleau Las Vegas, a monumental expansion that brings full circle the company’s longtime vision of hosting its iconic brand on the Las Vegas Strip.
“We are grateful to have the opportunity to finish what we started and finally introduce the iconic Fontainebleau brand into one of the world’s largest hospitality destinations,” says Fontainebleau Development Chairman and Chief Executive Officer Jeffrey Soffer. “We have been extremely selective when it comes to expanding our brand. Las Vegas has always been our number one choice.
“The building is in mint condition, and we have already commenced construction. We are excited to make this dream a reality.”
Fontainebleau Development and partner Koch Real Estate Investments acquired the property at 2777 S. Las Vegas Blvd in February 2021. The project is 75 percent complete, and, upon opening, Fontainebleau Development will be the sole hotel operator of Fontainebleau Las Vegas.
“Our goal at Koch Real Estate Investments is to partner with best-in-class management teams that have the drive and vision to bring unique solutions to each community in which we have a presence, and we’ve done that here with the Fontainebleau Development team,” says Jake Francis, President of Koch Real Estate Investments. “Our partnership was forged from our combined belief in Las Vegas, not just as a destination but as a global brand where people from all over the world come together to enjoy world class venues, entertainment, and nightlife.”
The property spans 25 acres and approximately nine million square feet in a coveted location on the north end of the Las Vegas Strip, directly adjacent to the Las Vegas Convention Center and the Las Vegas Global Business District.
“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,” says Fontainebleau Development President Brett Mufson. “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.”
Fontainebleau Development has retained acclaimed 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. More details about Fontainebleau Development and its portfolio can be found at fbdev.com.
