MGM Grand Atlantic City
MGM-Mirage recently announced a major resort casino project at Renaissance Pointe in Atlantic City, New Jersey. The new resort will have a budget in the $4.5-$5 billion range, not including value of the land and associated costs.
The MGM Grand Atlantic City will be located on land the company considers the largest and best-located casino development site in Atlantic City, the 72-acre site at Renaissance Pointe owned by the company, adjacent to the 50% owned Borgata.
The proposed resort will consist of three separate hotel towers in a strikingly unique
design. Totaling more than 3,000 rooms and suites, each tower will offer guests a distinctly different hotel experience, sharing the signature amenities of an MGM Grand resort, including the largest casino floor in Atlantic City with 5,000 slot machines, 200 table games and a large poker room; a 1,500-seat state-of-the-art theater; a variety of restaurant, nightclub and entertainment concepts; a spacious, world-class contemporary spa; a 500,000 square foot retail experience and a modern and versatile convention center.
With its unique design and iconic shape, the resort will become the city’s tallest building and will dominate the architectural skyline of Atlantic City. In addition to the dramatic statement made by the resort’s three towers, designed by world-renown architects Kohn Pedersen Fox, the resort will include spectacular interior features designed by the highly innovative Rockwell Group and other leading designers.
Ground breaking is expected in 2008, with an anticipated opening in 2012. Approximately 60 acres of the site will be used for construction of MGM Grand Atlantic City, with 12 acres reserved for future development, which may include a residential component. The company also owns an additional 14-acre site in the Marina District.
Source: MGM-Mirage press release
