Does anyone know if this happening? I didn't hear about it on the last conference call and I don't see anything about it on the St. Regis website. Anyone have any info, I googled it and found nothing. I thought it was going to open late 2013 or first quarter 2014?
Jaaw, they are on the back burner for now they were mwntioned during the owner meeting in ny. Last week all preliminary work is done they are like the condo units that are stopped over the venetian casino in vegas on the strip..
my feeling is until the already completed (four seasons) units at the venetian macau are officially sold and occupied , the st.regis will be on hold or used to keep construction workers occupied until lot #3 is under full swing in building .
they will do just like in vegas cover the steel with a fake canvas painted covering ..( not only are the magic acts great at illusions but casino owners are as well )..
The Cotai Central site was originally designed for 4, separate towers. The company began construction over 6 years ago but was over-extended going into the crash of "08 and had to suspend construction on the site. The 4th tower had not yet been capped on the pilings at that time since the first 3 towers were the priority due to their designation for badly needed hotel capacity per the site plan.
Once construction resumed, not only had Sand's changed the construction timeline to a "phased" opening, but it also left the 4th tower out of the plans for the time being. The "phased" approach had more to do with the dearth of construction labor than anything else, and Sand's need to get hotel capacity on-line as soon as it could to support Venetian's massive, underutilized ancillary attractions across the street.
Fast forwarding to today, Sands is now in much better financial shape and cash-rich. With prospects like Spain in the negotiating stage and Japan & Taiwan still on hold, Parisian is Sand's only major construction project. It was for a time like this that the company kept Tower #4 in it's "back pocket", so to speak, to expand with and keep growing in a slam-dunk geography like Cotai, until other projects in other countries could get started. Besides C.C. tower #4, Sands is also working on a mall that is targeted toward less-afluent, mass market patrons on the site.