The new, $2.5 billion Luxury Las Vegas will be taller than the Chrysler Building in Detroit and surpass the tallest residential tower in the U.S. by nearly four stories, a luxury building company said.
The tower, slated to be completed in 2019, will have 1,400 residential units and a total of 9,500 square feet of retail space, according to LuxuryLasVegas.com.
The company said the tallest building in Las Vegas is currently the Mandalay Bay Hotel and Casino, which is currently at 1,957 feet.
The tallest residential towers in the United States are the Chrysler, the Burbank Seven and the Renaissance Tower in Burbank, California.
Las Vegas has seen a boom in the luxury sector in recent years.
It has gained more than 1,000 luxury apartments in the last six years alone.
Las Vegans are also taking advantage of the booming economy, with many living in luxury hotels and condominiums.
The hotel industry is booming.
Las Vegas hotels and resorts have recorded revenue of more than $4 billion for the past five years, with hotel revenue topping $1.4 billion in 2018.
Luxury hotel chains are a big part of the Las Vegas economy.
The Las Vegas Strip, a popular tourist destination, has become a popular place to live.
Luxe hotels, which have been built in the past few decades, now make up nearly half of Las Vegas hotel revenue, according for the Las Vegas Chamber of Commerce.
Las Vegas has become one of the most popular vacation destinations in the country, with about 2.5 million people visiting the city in the first half of 2018.
In 2017, Las Vegas had nearly 4 million visitors.
LasVegans also love to go out, with more than 2.2 million hotel rooms booked for the year, according LuxuryVegs.com, which aggregates hotel bookings from over 400 hotels.
A new luxury hotel is slated to open in the city next year, and the city is currently planning a new resort with about 1.5 times the number of rooms as the current resort, Luxury Vegas.
The new hotel will be a hotel that can seat up to 50 guests, and a restaurant and bar, Luxorit.com reported.