Defective construction resulting in costly repairs has caused cash-strapped MGM Mirage Inc. to slash condo plans at its $9.2-billion CityCenter development on the Las Vegas Strip, says CityCenter President and CEO Robert “Bobby” Baldwin. Photo: Kirvin Doak Communications CityCenter tower will be 24 stories instead of 49. On Jan. 7, the casino giant said it is cutting the Harmon Hotel & Spa in half by eliminating 200 high-end residences, of which only 44% have been sold. The curving cast-in-place concrete tower is designed by London-based Foster + Partners. Halcrow Yolles Structural Engineers is the structural engineer. Perini Building Co. is
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.