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Las vegas update Vegas Strip on the 24. Fontainebleau Las Vegas was announced in May 2005, with initial plans to begin construction by March 2006, and to have the resort opened by 2008.

Construction began in February 2007, but was stopped in 2009, when the project went into bankruptcy. The building was designed by Carlos Zapata Studio with Bergman Walls Associates as the architect of record. The new owners plan to resume construction in 2018 and open the resort in late 2020. The property was initially occupied by the Thunderbird hotel and casino, opened in 1948. It was later renamed as the Silverbird, and then as the El Rancho, before closing in 1992. A privately held company known as Fontainebleau Resorts was later co-founded by Jeff Soffer, who was the chairman and majority owner of Turnberry Associates.