A preview of the SLS Las Vegas resort that will be replacing the iconic Sahara, Tuesday May 1, 2012.
Wednesday, Feb. 13, 2013 | 2:24 p.m.
The owners of the shuttered Sahara casino on an aging stretch of the Las Vegas Strip say they're breaking ground on a redevelopment project that will revitalize the resort.
Los Angeles-based SBE Entertainment announced Wednesday that it's beginning construction after securing the $400 million needed for the project.
The development company says it will reopen the iconic resort that once hosted the likes of Frank Sinatra and Elvis Presley by fall of 2014. It will be renamed the SLS Las Vegas.
Owners say the resort will bring celebrity chefs, nightlife and 1,600 guestrooms and suites to the Strip's older and less glitzy north end, which includes the famed Stratosphere.
Managers of the 59-year-old Sahara closed the casino in May 2011 after saying it wasn't economically viable.
SLS Las Vegas Hotel & Casino SLS Las Vegas is expected to open in 2014 in the old Sahara resort, which closed in 2011 after 59 years of operation.
The high-end resort project was announced in January 2012 by Los Angeles-based hotelier Sam Nazarian. Nazarian heads SBE Entertainment, a hospitality and entertainment empire with real estate, restaurants, clubs and hotels nationwide.
SBE expects to spend upwards of $750 million on the project, envisioning it to be an all-encompassing, mixed-use property with more than 1,600 guest rooms and suites and a collection of SBE’s restaurant and nightlife brands.
"When it opens, SLS Las Vegas will provide an approachable experience that will feature The Bazaar by José Andrés, Katsuya by Starck, a reinvention of SBE’s original nightlife concept, Shelter, retail by Fred Segal and additional brands currently in development," according to the website.
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