Not all of the action will be taking place in Las Vegas. The city of Henderson has approved the largest resort to be built in city limits on an 80 acre parcel at the corner of St. Rose Parkway and Las Vegas Boulevard. The project, M Resort, Spa and Casino proposed $1-billion project includes an 11-story casino resort totaling 390 rooms and suites with 90,000 sf of gaming space and over 40,000 sf of meeting and conference space. Other planned amenities will include a large spa, canyon feature pool area with waterfalls, restaurants and other unnamed entertainment options.
The site is located about 10 miles south of the Las Vegas strip at an elevation 400 feet higher than most strip properties. The higher elevation should allow for some great views of the Las Vegas skyline and the surrounding mountains. Its reported that MGM Mirage Inc. is investing $160 million in M Resort.
It seems that commercial Henderson real estate is still going strong. because that's not the only commercial activity in the area. Another resort, Southern Highlands Resort is planning to develop a 100 acre parcel across from the M Resort site. It will be a mixed use project featuring approximately 600 hotel rooms, plus retail and entertainment space.