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CITYSCAPES ::

Crystals along Las Vegas Boulevard

ARIA Resort & Casino porte cochere and road network take shape

Earthly energy

APPLIAnCES, mATERIALS, fIxTuRES, And fuRnIShIngS wERE ThoughTfuLLY

SELECTEd wITh ThE EnVIRonmEnT In mInd.

Waste The CityCenter team developed a str ic t

construction waste management plan at the outset of

the project to redirect recyclable and reusable resources

back to the manufacturing process.

Materials designers used products manufactured with

recycled content and sought local and regional products

to minimize the emission of greenhouse gases caused

when materials are transported.

Wellness A stringent indoor air quality plan was

implemented during construction to ensure a healthier

environment to maximize the comfort and well-being

of CityCenter residents and guests. ::

CITYSCAPES ::

Earthly energy

CityCenter was created with a vision to bring a

new level of environmental consciousness to the

world-famous Strip. In residences, appliances, materials,

fixtures and furnishings were thoughtfully selected with

the environment in mind. As an owner, this translates

into an increased quality of life through cooler interior

temperatures, increased indoor air quality and more

energy-efficient systems. Some highlights of sustainable

design features found at CityCenter are below.

Energy measures were taken during the design of

CityCenter to achieve a more than 30% improvement

in energy efficiency compared to traditionally designed

buildings to reduce the use of fossil fuels.

Water from plumbing design to investment in low-flow

technologies to conscientious operating procedures,

the CityCenter team incorporated water conservation

practices throughout the campus.

Transportation CityCenter attractions are within

walking distance of one another, and other services and

amenities are within a half-mile radius, reducing guests’

and residents’ dependence on automobiles.

CITYCEnTER BY ThE numBERS

Energy savings at CityCenter

are equivalent to powering

7,700 households annually.

water savings at CityCenter

equal offsetting the annual

water use of more than 380

households.

A state-of-the-art 8.2-mega-

watt central plant captures

heat to warm hot water for

hotel and residential use.

CityCenter has a density of

112 units per acre, comparable

to the density of manhattan.

over 90% of CityCenter’s

construction waste has

been recycled.

Las Vegas has firmly established itself as one of

the undisputed shopping destinations in the world.

opening this december, Crystals at CityCenter now

adds a concierge-level experience to an unmatched

collection of retail favorites and exclusive fashion

ateliers to set a new standard for the personalized

experience that every shopper craves and you can

enjoy every day as a resident.

Crystals is CityCenter’s spectacular 500,000-square-

foot retail, entertainment and dining district by Studio

daniel Libeskind* and david Rockwell, combining

dramatic architecture and design with exclusive

offerings from the world's most elite brands under a

multi-faceted canopy of unprecedented brilliance.

If you’ve ever wondered what it’s like to have a

personal shopper available on demand who is familiar

with your likes, dislikes, favorite brands, and wish list,

you’re about to find out. The staff and management

at Crystals have mapped and refined each detail

of the guest experience. unlike a typical “mall”

information center, the concierge staff at Crystals

will know residents and guests by name and provide

knowledgeable assistance with package delivery,

dining arrangements, personal shopper services

and more. whether you are in residence or planning

your next visit, the concierge staff at Crystals will

challenge themselves to make your experience

exactly what you want it to be.

Before you step inside, you’ll see that Crystals is unlike

anything you have experienced. As you enter, you

find elements coming together to create something

new and exciting—a space that is simultaneously

massive in scale, yet intimate in scope; a marvel of

modern technology that is refreshingly human; and

a hub of entertainment and excitement interspersed

with spaces for art, reflection and community.

lUXUry TAKES ROOT

Crystals and the Retail Experience at CityCenter

*Consultant to AAI Architects, Inc.

CITYSCAPES ::

Another welcome surprise is the ease with which

guests can access Crystals’ 70+ offerings. You may

be familiar with long and tiresome walks that are the

signature of many shopping destinations. A complete

circuit through Crystals is a mere three minutes. The

brevity of the walk shouldn’t be confused with limited

offerings, however. Crystals’ multi-tiered structure

presents shops, boutiques and dining venues vertically

rather than horizontally. here’s a sample of what you

might notice on your journey through Crystals:

Natural light and open air A portion of the ceilings

at Crystals are in fact crystal-clear glass, creating

skylights that flood the interior with natural light.

with ceilings that reach over 120 feet high in

places, there is a sense of openness and light that is

unparalleled anywhere in Las Vegas.

Manhattan-like navigation The skylights at Crystals

offer visual navigation cues throughout the shopping

experience. one skylight might reveal mandarin

oriental, another The harmon hotel™ or Veer Towers.

unlike other bewildering retail spaces, you’re never

lost, never disoriented and what was new a moment

ago becomes instantly familiar.

Sensory delights A 1,400-square-foot floral carpet

extends throughout Crystals, changing every two

weeks and for holidays and special events, scenting

the air and delighting the eye.

Crystals will open in december 2009 with offerings

from Louis Vuitton, Tiffany & Co., h.Stern and more.

general manager farid matraki and his talented staff

look forward to welcoming you to Las Vegas’ premier

shopping and entertainment destination. he assures

us that, “You’ll come once to marvel. You’ll come

again because you’re remembered.” ::

If You’VE EVER wondEREd whAT IT’S LIkE To hAVE A PERSonAL ShoPPER AVAILABLE on dEmAnd fAmILIAR wITh YouR LIkES, dISLIkES, fAVoRITE BRAndS, And wISh LIST, You’RE ABouT To fInd ouT.

Owningit

There’s likely no one more excited about taking occupancy of their new CityCenter residence

than Brian fettner, our featured buyer at Veer Towers. having purchased his residence back

in 2006, he’s been eagerly waiting to take his first step inside. A regular visitor to Las Vegas,

Brian wasn’t even looking for a second home in the area when he stumbled across a news story

about CityCenter and its landmark qualities.

“The benefits that come with being a

CityCenter owner—they’re real benefits,”

states Brian. “Access to sold-out show

tickets, Veer’s amenities and the attractions

of the CityCenter community—add all of

that to having an address at the heart of the

Las Vegas Strip? It’s unmatched.”

Brian found Veer’s contemporary fittings

and understated elegance an ideal fit for his

lifestyle. making the cross-country flight from

his florida home to Las Vegas five to six times

a year, he anticipates that the number might

increase the minute he steps foot inside his

new Veer residence. “I see it turning into a

week here and a week there, and inviting

other friends to my place to enjoy an extended

weekend. one of the reasons I can’t wait to move in is that I’ll finally have a place in Las Vegas

to put my things. I never minded hotel rooms before, but now my life is ready and waiting for

me in Las Vegas anytime I feel like making the trip. It’s a home, not a vacation.”

Brian’s enthusiasm for his Veer purchase extends beyond his future residence’s walls,

however. As with all CityCenter owners, Brian’s Veer home gives him access to a host of

amenities throughout the CityCenter development. from fine dining and shopping to endless

entertainment options, he describes his future home as “season tickets to seats on the

50-yard line.”

with Veer’s grand opening quickly approaching, Brian can hardly control his excitement

for taking ownership of his new residence. how soon does he anticipate making his first trip

to Las Vegas to live the CityCenter lifestyle? “well, on whatever day they release my residence,

I anticipate I’ll be there about an hour later.” ::

Brian fettner chose Veer Towers

CEnTERSTAgE ::

Artist's rendering of a Veer Towers living room

fRom fInE dInIng And ShoPPIng To EndLESS EnTERTAInmEnT oPTIonS, hE dESCRIBES hIS fuTuRE homE AS “SEASon TICkETS To SEATS on ThE 50-YARd LInE.”

Wit h ex te nde d te nur e s at luxur y icon LVM H

(Moet H ennessy Louis Vuit ton) and st ints in

Las Vegas, Beverly hills and houston, farid matraki,

Vice President and general manager of Crystals,

brings over 20 years of luxury retail expertise to

CityCenter. Initially attracted to the project for the

portfolio of stores that Crystals will of fer guests,

he became more and more intrigued by the opportunity

Crystals offers for developing long-term relationships

with patrons.

“Since Las Vegas has no shortage of retail, Crystals

is distinguished by creating a guest experience

that ’s truly exceptional on every level,” says farid.

“whether you’re looking for a personalized shopping

experience or a place to relax, Crystals will be where

you return time and time again for an uplifting and

inspiring experience.”

farid is leveraging both his understanding of the

shopping experience with the unique design of Crystals

to develop what will be the most personalized shopping

experience for any CityCenter resident or guest.

“Even in a destination like Las Vegas, 40% to 45%

FAriDMatraki, General Manager, Crystals at CityCenter

:: CITYExECuTIVE

of your customers are repeat clients,” he states.

“Brands have to reinvent themselves all the time in

order to keep their customers excited.”

Part of this continual reinvention will come from the fact

that CityCenter offers his team at Crystals something

special: the residences. having clients in-residence

will allow him to tap into his vast pool of luxury retail

experience to develop both a staff and service model

that will continue to evolve for each new client who

steps foot into CityCenter’s flagship retail district.

from simple needs to custom-tai lored wants ,

“Crystals is all-encompassing. we’re a true luxury

experience, yet accessible on every level.” ::

mr. farid matraki, general manager, Crystals, Las Vegas

CRYSTALS IS ALL-EnComPASSIng. wE'RE A TRuE LuxuRY ExPERIEnCE, YET ACCESSIBLE on EVERY LEVEL.

mgm mIRAgE CEo Jim murren (right) and dubai world

Representative Chris o'donnell discuss the project

Site Walk

CEnTERSTAgE ::

Representatives of Dubai World joined MGM MIRAGE

executives for an up-close look at CityCenter as

the four-year project they ’ve par tnered to build

nears completion.

ARIA President & Coo Bill mcBeath led mgm mIRAgE

Chairman & CEo Jim murren and Chris o’donnell,

dubai world Representative on the CityCenter Joint

Venture Board, on an hour-long tour of the project site.

from the ground level surrounded by steel and glass

to the upper floors of ARIA, officials saw the progress

of CityCenter for themselves.

Veer was the last of the residential towers to top out.

About 8,500 construction workers currently work at

the site, a figure that will rise to about 9,000 over the

next few weeks.

finishing and detail work is beginning to take place

in the interior public spaces as workers install stone

in the casino and paneling in the casino ceiling.

furniture installation is underway in the guest rooms on

the lower floors.

The tour included a stop at the recently installed sculpture

“Big Edge” by world-renowned artist nancy Rubins,

adorning the entrance to Vdara at harmon Circle. The

group also took a look at the spectacular 1,800-seat

theater for the Cirque du Soleil® production which will

celebrate the musical legacy of Elvis Presley. ::

ARIA President & Coo Bill mcBeath (far left) leads the tour of the grounds

mgm mIRAgE CEo Jim murren (right) and dubai world

Representative Chris o'donnell discuss the project

Site Walk

A personal site tour with the men who know it best.

In June, buyers and guests from The Residences at mandarin

oriental, Las Vegas were hosted by Rajesh Jhingon, general

manager, as well as Tony dennis, Executive Vice President of

CityCenter Residential, for an evening designed to introduce them

to the exceptional brand experience and amenities awaiting them

as residents of the most exclusive address in Las Vegas.

The residential staff at mandarin oriental seeks to deliver

a personalized luxury experience while building warm and

lasting relationships with in-residence guests. In addition

to meeting mr. Jhingon's executive team, guests enjoyed an

Asian-themed menu created by Executive Chef Jason weaver

and director of food and Beverage Simon fricker in an elegant,

orchid-strewn setting designed by director of Catering

and Conference Services melina Beckett.

A highlight of the event was a live Thai massage demonstration

as well as personalized aromatherapy consultations grounded

in traditional Chinese medicine organized by Jennifer Lynn,

director of Spa. Events are planned for other residential buyers

so every owner has the opportunity to meet the team delivering

the singular experiences that will be enjoyed by residents of

CityCenter. for more information about owner events, please

call VIP Residential Services at 866.734.7171. ::

IntrodUcIng Mandarin oriental

:: CITYCuLTuRE

Top: members from the mandarin oriental,

Las Vegas executive team

Bottom: dr. glen John and michele Apramian

While you enjoy family and friends during your summer break, our residential staff continues to

work together to create and refine the programs to deliver your resort lifestyle with access, amenities

and services providing unique and exclusive experiences at each of our residential developments.

As mentioned in a previous newsletter, soon you will receive a Residential Profile to complete and

return to us to ensure we have your most up-to-date information and are able to serve you most

effectively during the closing of your residence. This is an ideal time to speak with your lenders as

you consider your closing options.

during the coming months, we will communicate frequently to ensure you are aware of and

prepared for milestones leading up to the completion and closing of your CityCenter residence.

Your Pre-Closing Inspection (PCI) is one of these milestones. for you, it is the long-awaited

opportunity to view your new CityCenter residence and one of the final steps before closing.

we will be providing you with the scheduled date and time for your inspection later in the year.

we look forward to accompanying you on a room-by-room tour and providing an overview of the

features and operations of your new home. At this time you will also be introduced to our Customer

Care team who is tasked with ensuring that living in your new home is as carefree as possible. we

will also be introducing your Property management teams including their key people, philosophy of

service and standards to create an exceptional living experience.

Enjoy your summer break... exciting times are coming! If you have any questions or concerns,

please feel free to contact our CityCenter Residential operations team at 866.708.7111. ::

takIng ownErshIp of youR REsidEnCE

CITYLIVIng ::

8 tIps for eco-friendlyfurnishings

:: CITYLIfE

We interviewed Lee Lundquist, designer with

Robb & Stucky Interiors, to give our future

residents some insights on making the most

of their future CityCenter residence. In this

issue, we’re focusing on sustainable living and

how to choose furnishings that complement

both your home and the environment.

Reclaim, recycle, renew—choose pieces 1.

made from reclaimed woods, fabrics from

recycled fibers, cushions from fiber made

from recycled plastics.

opt for upholstery made with soy-based 2.

cushions which cut back on the amount of

polyurethane in your home.

Choose frames made of hardwoods from 3.

sustainable harvested forests . They

will carry the seal of the fSC (forest

Stewardship Council) which means that for

every tree cut down, a new one is planted

in its place.

Look for upholstery that has springs made 4.

from recycled metals.

Avoid furniture with particle board as 5.

formaldehyde, a volatile organic compound

(VoC), is a key component.

Buy locally if possible to reduce the 6.

carbon footprint caused from product

transportation.

Ask for natural fabrics—cotton, linen, 7.

bamboo, wool and silk.

Seek furnishings finished with water-based 8.

or plant oil-based products to cut down on

VoCs in your home.

workers reflected in Crystals' glass

Veer Towers™ angles play with the angles of Crystals' roof

ARIA Resort & Casino™ reflects the clear Las Vegas sky

CityCenter Residential Sales

702.590.5999 or toll free

866.708.7111

VIP Residential Services

866.734.7171

CityCenter Residential Sales Pavilion is located at

3780 Las Vegas Boulevard South, Las Vegas, NV 89109

citycenter.com

:: CITYnEwS

:: CITYConTACTS

obtain the Property Report required by federal law and read it before signing anything. no federal agency has judged the merits or value, if any, of this property. no statement should be relied

upon except as expressly set forth in the Property Report or the nevada Public offering Statement. This is neither an offer to sell, nor a solicitation of offers to buy, any condominium units in those

states where such offers or solicitations cannot be made. wARnIng: ThE CALIfoRnIA dEPARTmEnT of REAL ESTATE hAS noT InSPECTEd, ExAmInEd, oR QuALIfIEd ThIS offERIng.

This condominium project does not discriminate on the basis of race, color, religion, national origin, sex, disability or familial status.

Scenes and improvements are not within the project, are proposed, artist’s renderings only and nEEd noT BE BuILT. Plans, architectural renderings, specifications, pricing and locations are subject

to change without notice. © 2009 CityCenter Land, LLC. All rights reserved. unauthorized use or reproduction is strictly prohibited.

Various services and amenities described herein will not be provided or owned by the developer and may be subject to use restrictions and fees imposed by third parties.

neither mandarin oriental hotel group nor any affiliate thereof, nor their respective officers, directors, agents or employees are in any way offerors, issuers or underwriters of, or responsible or liable

for, any offering for sale of the real property or any portion thereof constituting The Residences at mandarin oriental, Las Vegas. The planned mandarin oriental hotel to be located within the same

building as the condominium is separate from the condominium regime. for additional details concerning the relationships of these parties please refer to the nevada Public offering Statement.

LOOk who's talking about usRobb Report: The Green Collection

Lauded for its multiple sustainable design features, Robb Report recently spotlighted Vdara at

CityCenter. from the development’s on-site power plant to the eco-friendly low-flow bathroom

fixtures, Vdara was singled out for its advancements in green living.

Architecture Las Vegas: A Monumental Collection

Architecture Las Vegas magazine explores the diversity of the art that will call CityCenter home in

this feature on public art collections.

I hope that you, like us in Las Vegas, are enjoying

the summer. Ideally, this is a time for you to relax,

recharge and enjoy time spent with friends and family.

here at CityCenter, we are spending the summer

finalizing several important updates and the timeline for

taking ownership of your residence.

Shortly after Labor day, we will introduce our ownership

Program and buyer support team, as well as provide

details on residential closings. we will also begin to meet

with you to discuss property valuation; mortgage financing options; pre-delivery walk-

through procedures; and the escrow process. You can read more about next steps in the

“Taking ownership” section of this newsletter.

while you enjoy these long summer days, we will be working hard to bring CityCenter

to life. with construction and interior finishes nearly complete, there is nothing we

anticipate with more excitement than touring you through your new residence and sharing

the CityCenter experience, complete with the services, amenities, art and architecture

that sparked your imagination and attracted you to this project many months ago.

In what has been a turbulent environment, one thing has

remained consistently clear: CityCenter will fulfill its vision

to be the most innovative, exciting and diverse residential

resort destination in the world and, for all of us, a once-in-a-

lifetime development.

now even more than when you first purchased, CityCenter

represents an opportunity for you to be a part of history

in the making here in Las Vegas. we will reach out to you

very soon. Please keep in contact and don’t hesitate to

contact me with your questions by e-mailing me directly at

[email protected]. Enjoy your summer.

Sincerely,

Tony dennis

Executive Vice President

CityCenter Residential division

The tram running past Vdara Condo hotel

Vdara Condo hotel pool

mandarin oriental, Las Vegas

AuguST 2009 :: Vol. 5 Issue 2

BIg CITYwELComE :: A message from Tony dennis

CITYSCAPES :: Earthly Energy

CITYSCAPES :: Luxury Takes Root: Crystals™ at CityCenter™

CEnTERSTAgE :: owning It

CITYExECuTIVE :: farid matraki, general manager, Crystals at CityCenter

CEnTERSTAgE :: Site walk: A Personal Site Tour with the men who know it Best

CITYCuLTuRE :: Introducing mandarin oriental, Las Vegas

CITYLIVIng :: Taking ownership of Your Residence

CITYnEwS :: Look who's Talking About us

CITYLIfE :: 8 Tips for Eco-friendly furnishings

CITYConTACTS :: Comments, Questions and Contacts

green plant life surrounding Vdara™

detail of flooring installation

CiyCenter's dedicated fire station gets its sign