MGM National Harbor's $1.3 Billion Resort on Track for Fourth Quarter Opening

PHOTOS courtesy of MGM National Harbor

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ALEXANDRIA, VA -- Just across the river, MGM National Harbor, the $1.3 billion, 23-acre resort casino under development in Prince George’s County, Md., recently held a “topping off” ceremony. The event celebrated reaching the resort’s highest point of construction, with the placement of the final concrete layer atop the 24-story hotel tower.

MGM Resorts International (NYSE: MGM) also recently announced that MGM National Harbor, LLC, has entered into a $525 million agreement to further fund the development and construction of MGM National Harbor.

Also read: MGM Resort to Allow Metro Bus Stop

“This financing, along with the capital contributions from MGM Resorts and our local investors, supports our vision of bringing a world-class entertainment destination to Prince George’s County and the State of Maryland,” said Lorenzo Creighton, president and Chief Operating Officer of MGM National Harbor, in a news release.

Here’s a look at the casino resort, by the numbers:

• Casino size: 125,000 square feet
• Slot machines: 3,600
• Table games: 140
• Hotel rooms: 234
• Suites: 74
• Retail space: 12,000 square feet
• Restaurants: 12
• Executive chefs: 3
• Jobs when completed: 3,600 (about 80 percent full-time)
• Construction workers on site: More than 1,000
• Average annual wage: $60,000
• Parking spaces: 5,000

Also read: MGM National Harbor to Begin Hiring in 2016

When the resort opens, the dozen restaurants will include eateries by bold-name chefs Marcus Samuelson, Jose Andres and Voltaggio Brothers. (See MGM National Harbor Unveils Celebrity Chef Lineup)

JLL recently announced it is handling the leasing of the 12,000 square feet of retail space. Retail Senior Vice President Greg Ferrante and Retail Vice President Andy Corno are leading the JLL team.

Also read: MGM National Harbor Reveals Hotel Room Design

“MGM National Harbor will offer tourists and locals a dynamic experience featuring entertainment, fine dining and outstanding amenities including a luxury spa and destination retail offerings,” said Ferrante. “We are eager to create an unmatched retail experience in the market, and expect national and international retailer interest in the available space in the retail promenade.”

“Anyone who has ever visited an MGM Resorts International property understands the uniqueness of the offering, and MGM National Harbor will be no different,” added Corno. “The retail component of the resort adds another layer of experience for resort-goers, and will complement the restaurant and entertainment venues.”