Vegas observation wheel foundation set

SkyVue, the Las Vegas development featuring an observation wheel that developers say will be the third largest in the Western Hemisphere, set its 1,300 ft³ (36.8 m³) of concrete foundation on Thursday.

The multi-use development will cost US$210 million and include two HD LED multimedia displays, each measuring 50,000 sq ft (4,645 sq m). Located directly across from Mandalay Bay Hotel & Casino and McCarran International Airport, the wheel will tower 500 ft (46 sq m) above the Las Vegas Strip and feature 32 24-person gondolas that will be available for rent for events. Each ride on the gondola takes 30 minutes.

The development includes 200,000 sq ft (18,580 sq m) of retail space and an additional 20,000 sq ft (1,858 sq m) for conventions. It is being developed by Howard Bulloch and David Gaffin of Compass Investments, Las Vegas.

Here is a video, released on Thursday, made by the developers about SkyVue: