by: Iulia Pascanu
Donald Trump has plans to begin the building of a $300 million tower on the Las Vegas Strip, in January 2005.
Trump announced his plans this summer, but in the meantime he's got company, as just recently Steve Wynn had the Desert Inn imploded to make room for his Encore, right across the street.
The 64-story hotel entitled "Trump International Hotel & Tower" - just like its peer in New York City - will be situated near the intersection of Industrial Road and Fashion Show Drive.
The tower will be 645 feet. high, and will be the tallest hotel in Las Vegas, if you ignore the 1,149-foot-tall Stratosphere Tower, about which Trump has said "that is not a building".
The tower is a 50-50 joint venture between Donald Trump and Phill Ruffin, the man who owns New Frontier.
The building that will span over as little as 3.5 acres of land, will feature 1,000 hotel-style units (size from 636 square feet to 1,057 square feet), 50 apartments (sizing from 3,000 square feet to 10,000 square feet) a spa and restaurants. It will not have a casino. The tower condos will be sold and the owners able to lease space on a time-share basis through a Trump's management company.
"My plan is to build a super-high-end residential tower in Las Vegas that will be the talk of the town”, Trump told the Los Angeles Times in July. The tower will be clad in 24K gold glass with white EIFS accents.
While the "tallest" building on the Strip, The Trump International Hotel & Tower is not the most expensive yet; Trump's life competitor Steve Wynn has $3,5 billion worth building plans, of which only Encore tower will cost $900 million.