HOME ABOUT US PROJECTS TEAM The Cosmopolitan Resort & Casino 3708 Las Vegas Blvd South Las Vegas, NV THE STORY: Turned a 8.5 acre parcel of land on the Las Vegas strip -- which was 1/3 the size of the typical Vegas Strip resort -- into one of the hottest luxury resort casinos in Las Vegas. 3000 ROOMS 52 STORIES BUILT 2010 KEY DETAILS Total Cost: $3.8 Billion Total Gross Sq Ft: 6,500,000 USES: 2,200 condo-hotel units 800 hotel rooms 100,000 sq. ft. of casino 250,000 sq. ft. of retail and restaurant 150,000 sq. ft. of meeting/convention space 40,000 sq. ft. spa and fitness facility 1,800-seat theater 5-level underground parking garage AMENITIES: Over-sized, one-of-a-kind private terraces Three distinct pool experiences, including the Marquee Day Club Pool Three + bars and lounges including the famous Chandelier Bar World-class chefs and authentic cuisine at China Poblano, Estiatorio Milos, Scarpetta, Blue Ribbon STK and more PROJECT CHALLENGES Size of site was 1/3 of that typically developed for a Las Vegas strip resort, which was usually more than 25 acres. The property wrapped around The Jockey Club, a timeshare property that could not be acquired, and was being used as an outdoor parking facility for the owners. Development solution had to include an incentive package to allow for construction of The Cosmopolitan while The Jockey Club remained operational. OUR SOLUTION Used an urban development model to maximize site potential which resulted in the ability to build 6.5 million square feet on the 8.5 acre parcel. Devised a plan to excavate 62 feet below grade to provide the required number of parking spaces for the resort. Through the government approval process, acquired dense entitlement approval including a variance on FAA building height restrictions, a variance which reduced the parking requirement, and a variance on the set back requirement relating to The Jockey Club line which granted approval for a 0 feet set back instead of the standard 30 feet set back. The development model included 2200 condo-hotel rooms that would be sold at an estimated value to the project of $1.8 B. 30 West 21st Street, 11th Floor, New York, NY 10010 T +212 554 3700 info@continuumcompany.com press@continuumcompany.com