More news out of Las Vegas, a recent Businessweek article covered the groundbreaking of Echelon, a new $4.8 billion project on the Las Vegas Strip. Echelon will be located on the north end of the Strip. The Echelon will be a massive complex that is home to 30 restaurants, five hotels, four spas, two concert venues, a 300,000-square-foot shopping area, and a casino. The complex will include Delano and Mondrian boutique hotels and a 4,000 seat theater. This complex is also not going the condo-hotel route choosing to instead offer suites and hotels rather than condominium ownership. Echelon is schedule to open in 2010.