Fontainebleau Las Vegas ‘fb’ Lettering Adorns Towering Blue Strip Structure

Fontainebleau Las Vegas is a stark reminder of the 2008 Great Recession. But the new owners of the longtime Strip eyesore say the towing 67-story blueness edifice is on a itinerary to completion.

Koch Real Estate Investments, a subsidiary of the Koch Industries conglomerate empire, and Fontainebleau Development acquired the stalled Las Vegas Strip casino-resort in Feb for an unrevealed sum. Fontainebleau CEO Jeffrey Soffer was the original seer slow the Strip undertaking.

This week, the Fontainebleau’s logo featuring its iconic “fb” stylized lettering made famous inward Miami Beach began sledding upward on the Las Vegas cassino exterior.

@VitalVegas Sir Thomas More signs… pic.twitter.com/fTYExQGcDy

— Chris Donnelly (@donnellynm) December 15, 2021

Koch and Fontainebleau destine to nail the casino holiday resort — which is roughly 75 percent finished — and commence its operations inward late 2023.

Structure Well-Preserved

Fontainebleau Las Vegas has sat slug since billionaire incorporated raider Carl Icahn acquired the insolvent unfinished gambling casino resort hotel inward 2010 for $151 million. Icahn ne'er intended to finishing piece of work on the building, opting instead to bear the holding as an investment vehicle.

Icahn’s wager paid off, as the famed investor sold the holiday resort sevener years later for $600 million. That buyer — Steve Witkoff — encountered financing difficulty and pandemic-relating impediments, which led to him selling the dimension to Koch and Soffer this year.

Despite sitting laze for more than a decade, Soffer says the building is sound.

The edifice is inwards mint candy condition,” Soffer explained in a free to Casino.org today. “We experience already commenced construction. We are excited to pretend this daydream a reality.”

Fontainebleau Miami Beach is ace of the to the highest degree famous hotel resorts inwards the United States. Designed by Robert Morris Lapidus, the Fontainebleau opened inward 1954 and remains 1 of Miami Beach’s premiere destinations.

Las Vegas Goal

Soffer is the boy of Donald Soffer. The latter’s tangible landed estate holdings house Turnberry Associates acquired the Fontainebleau Miami Beach holiday resort inward the 2000s amid the hotel’s own financial difficulties.

The jr. Soffer says he’s had the end of expanding the Fontainebleau brandmark elsewhere in the US ever so since his menage took control of the Miami Beach icon. Las Vegas, he says, has ever been the “number single choice.”

That is at present seemly a reality, as Fontainebleau Development plans to experience all areas of the Las Vegas Strip coordination compound ready for business organization in the net quarter of 2023. When it opens, Fontainebleau Las Vegas will hold 3,700 guestrooms, 550,000 square toes feet of formula space, a spa and wellness facilities, a “world-class aggregation of restaurants and shops,” and indoor and outdoor pocket billiards complexes providing an regalia of leisure experiences.

Fontainebleau Development President Brett Mufson adds that the COVID-19 pandemic and Las Vegas’ bounce-back has only increased the company’s optimism regarding its Strip enterprise.

“The Las Vegas touristry industry has shown incredible resiliency,” Mufson said.