Edge and Starwood Finalize Development Team for W Las Vegas
M.J. Dean Construction, Klai Juba Architects, Lacina Heitler Architects
LAS VEGAS, NV, May 1, 2006. M.J. Dean Construction has been named general contractor of the 24.5-acre W Las Vegas Hotel, Casino and Residences project located at Harmon Avenue and Koval Lane. Also named to the project are Klai Juba Architects, Lacina Heitler Architects and Charles Allem Designs. The W Las Vegas is being developed through a partnership between Edge Resorts and Starwood Hotels and Resorts Worldwide, Inc. (NYSE: HOT). The project will encompass a mix of hotel and condo-hotel units and compelling lifestyle amenities.
"Securing our development team for W Las Vegas is a huge step forward," said Reagan Silber, Edge Group Co-Chairman. "M.J. Dean and Klai Juba are among the most respected names in casino-resort development and Lacina Heitler and Charles Allem are two of the world's most visionary design firms."
In January, W Las Vegas secured $232.5 million in pre-development financing led by Societe Generale Corporate & Investment Banking. Utility installation work has begun on the site and the W Las Vegas Residences Welcome Center is nearly complete.
"The market is clearly excited about a W Hotel and Casino in Las Vegas," said Adam Frank, Edge Group President. "The interest in our project and the depth of demand for our condo-hotel residences has far exceeded our lofty expectations."
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