Work on part of the Cosmopolitan resort’s interior is on hold while a new decor is considered for the bank-owned property, which is under construction.
This would be the third interior design for the Cosmopolitan, the brainchild of New York high-rise developer Ian Bruce Eichner and wife Leslie, who helped create the resort’s original appearance. Eichner defaulted on a $760 million construction loan last year, fueling doubts that the 3,000-room resort would be finished.
The old look was a flashy, glam-rock look, with bold prints and big mirrors. Deutsche Bank isn’t happy with the design and is going back to the drawing board, sources say.
Observers say the move indicates that Deutsche Bank is committed to finishing the project, given that midcourse corrections could cost the bank millions of dollars.
The bank has several firms on its payroll as it plows ahead on the Cosmopolitan, which it hopes to open by June 2010. Those include multiple design and architecture firms working on interior spaces, including the layout of the casino on the ground floor. Read The Full Article Here
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