World-Class Architects and Designers Giving Shape to Las Vegas' Future With MGM MIRAGE Project CityCenter
15 Setembro 2005 - 3:45PM
PR Newswire (US)
From Street to Sky, Unprecedented Project Creates Urban Core on Las
Vegas Strip; Sustainable Designs, Authentic Lifestyle Enhance
City's Growth and Maturity LAS VEGAS, Sept. 15
/PRNewswire-FirstCall/ -- MGM MIRAGE (NYSE:MGM) today introduced
its world-class team of architects and designers giving shape to
Project CityCenter and offered up first glimpses of an
unprecedented sustainable vertical city, at an approximate cost of
$5 billion, that will redefine the Las Vegas experience and
influence contemporary urban design throughout the world. "A
paradigm-shifting project fueled by the vision, diversity and
resources of MGM MIRAGE demands a team of respected architects and
designers, and we have put them to work to give form to an urban
experience like none other in Las Vegas," said Terry Lanni,
Chairman and Chief Executive Officer of MGM MIRAGE. "Project
CityCenter confirms a cultural and lifestyle revival of city
living, reaffirms the growing sophistication and maturity of Las
Vegas and sets a benchmark for new growth and exciting new
experiences as the city moves into its next 100 years." Led by
renowned architects Cesar Pelli, Rafael Vinoly, Sir Norman Foster,
James KM Cheng and Kohn Pedersen Fox Associates, architecture,
design and construction teams met with reporters this week in Las
Vegas following three days of meetings to share concepts, ideas and
passion for Project CityCenter. The project features a stunning
60-story, 4,000-room hotel/casino, two 400-room, non-gaming hotels,
about 500,000 square feet of retail shops, dining and entertainment
venues and 1,640 units of luxury condominiums. Some of the world's
top design, architectural and construction partners will be
involved in Project CityCenter. At a news conference today, Robert
Baldwin, President and CEO of Mirage Resorts, Inc. formally
introduced the project's primary architectural and design team,
which includes: * Cesar Pelli and Associates -- Pelli, the noted
architect responsible for a range of award-winning projects,
including the world's tallest buildings, the Petronas Towers in
Kuala Lumpur, will be the lead architect on Project CityCenter's
4,000-room hotel and casino. * Rafael Vinoly Architects -- The
international firm behind such projects as the Kimmel Center in
Philadelphia and Nasher Museum of Art at Duke University, RVA will
design a 1,000-unit residential/hotel tower at Project CityCenter.
* James KM Cheng -- Well-known for their soaring residential
towers, Cheng and his team have won accolades for shaping the
skyline in Vancouver, British Columbia, and will design a 100-unit
residential tower. * Kohn Pedersen Fox Associates -- KPF will be
responsible for the exterior architecture for Project CityCenter's
free-standing, non-gaming luxury hotel. * Tihany Design -- Adam
Tihany, the designer behind some of Las Vegas's most notable
gourmet restaurants, will be the principal designer of the luxury
hotel. * Foster and Partners -- London-based Foster and Partners
and its principal architect, Sir Norman Foster, a Pritzker
Architecture Prize winner, will design the exterior of the second
non-gaming hotel at Project CityCenter, which will be operated by
The Light Group. * The Light Group -- Andrew Sasson's company,
creators of the immensely popular Light and Caramel nightclubs at
Bellagio, will provide the creative vision and operate Project
CityCenter's innovative, service-focused hotel. Gensler, executive
architect for Project CityCenter, is responsible for providing
project leadership for the entire master plan and program, and is
teamed with MGM MIRAGE's Design Group to coordinate and collaborate
with the residential developers, hotel operators, retailers and
architects. Additionally, HKS Architects is the architect of record
for the hotel/casino, Leo A Daly is the architect of record for the
residential areas and Adamson Associates is the architect of record
for the two non-gaming hotels. Project CityCenter, the largest
privately financed development in the United States, is nearly
halfway through a 20-month design process and is scheduled to open
in late 2009. The Perini Building Company is lead contractor on the
project, with Tishman Construction Corporation serving as the
executive construction manager. The two firms have participated in
several Las Vegas projects and have more than 220 years of combined
construction experience. "Project CityCenter will benefit immensely
from our collaborative and integrated design approach in boosting
efficiencies in operation and in developing new technologies that
boost sustainability, while customizing the look of this new Las
Vegas experience," said Mr. Baldwin. Charting a new course for
responsible growth in Las Vegas, MGM MIRAGE also announced its
plans to pursue Leadership In Energy and Environmental Design
(LEED) certification at Project CityCenter. The 18-million square
foot, multi-use project will incorporate elements designed to make
it one of the world's largest environmentally sustainable urban
communities. From garden roofs to the use of reclaimed water, to
the creation of a central, on-site power plant, Project CityCenter
is being designed to promote the most responsible use of water,
electricity and natural gas. MGM MIRAGE will pursue LEED
certification for the project, implementing to the highest degree
possible generally accepted criteria for sustainable construction
outlined by the U.S. Green Building Council. In a related
announcement today, Mr. Baldwin said MGM MIRAGE has reached a $100
million agreement with Siemens to design and build a central energy
plant to help power and cool Project CityCenter, as well as
delivering other building and communications technologies to
improve operational efficiencies and conservation. "Designing
Project CityCenter with sustainable elements reinforces its
permanence and creates a healthier environment for our future
tenants and guests, as well as for the 12,000 people who will
ultimately work at Project CityCenter," Mr. Baldwin said. To assist
MGM MIRAGE in attracting top-flight retail tenants to Project
CityCenter's retail district, Mr. Baldwin announced today its plan
to partner with Bloomfield Hills, Mich.-based Taubman Centers, Inc,
one of the country's premiere, high-end retail developers with more
than 50 years of experience. In keeping the company's long-standing
commitment to diversity, MGM MIRAGE also announced that all
architects and contractors will share its commitment to include
minority, disadvantaged and women owned businesses in their
substantial and meaningful participation on Project CityCenter.
Wholly minority owned firms for CityCenter include Cesar Pelli,
Rafael Vinoly, James KM Cheng and Hamilton Anderson out of Detroit,
which has formed a joint venture with Leo A Daly. About MGM MIRAGE:
MGM MIRAGE (NYSE:MGM), the world's leading and most respected hotel
and gaming company, owns and operates 24 properties located in
Nevada, Mississippi and Michigan, and has investments in four other
properties in Nevada, New Jersey, Illinois and the United Kingdom.
MGM MIRAGE has also announced plans to develop Project CityCenter,
a multibillion dollar mixed-use urban development project in the
heart of Las Vegas, and has a 50 percent interest in the MGM Grand
Macau hotel/casino under construction in Macau S.A.R. MGM MIRAGE
supports responsible gaming and has implemented the American Gaming
Association's Code of Conduct for Responsible Gaming at its
properties. MGM MIRAGE also has been the recipient of numerous
awards and recognitions for its industry-leading Diversity
Initiative and its community philanthropy programs. For more
information about MGM MIRAGE, please visit the company's website at
http://www.mgmmirage.com/. Statements in this release which are not
historical facts are "forward looking" statements and "safe harbor
statements" under the Private Securities Litigation Reform Act of
1995 that involve risks and/or uncertainties, including risks
and/or uncertainties as described in the company's public filings
with the Securities and Exchange Commission. DATASOURCE: MGM MIRAGE
CONTACT: Investment Community, James J. Murren, President, Chief
Financial Officer & Treasurer, +1-702-693-8877, or News Media,
Alan Feldman, Senior Vice President, Public Affairs,
+1-702-891-7147, both of MGM MIRAGE Web site:
http://www.mgmmirage.com/
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