Changing market conditions in Las Vegas have prompted MGM Mirage, owner of the $9.2-billion CityCenter mixed-use development, to transfer a chunk of its interiors work from project general contractor Perini Corp. to Tishman Construction Corp., Nevada, its executive construction manager. Tishman had been CM on the city’s $4.8-billion, 12-millionsq-ft Echelon project, halted in August because of financial problems.
“[We] have been working together to determine how best to take advantage of the recent downturn in the construction community to the benefit of the project,” says MGM Mirage spokesman Alan Feldman. He would not quantify in dollars or volume the exact amount of interiors work Tishman will assume on the 19-million-sq-ft project, but the CM “will finish interiors at Mandarin, Veer and some suites at Aria,” says Feldman.