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MARCH 2010 :: Vol. 6 Issue 1 BIGCITYWELCOME :: A Message from Tony Dennis CITYSCAPES :: Reflective CityCenter™ Imagery CITYCULTURE :: The Talk and Toast of the Town — CityCenter’s Grand Opening CITYLIFE :: CityCenter by the Numbers — 50 Interesting Facts CITYEXCLUSIVE :: I am a Fan CITYINFO :: Taking Ownership of Your Residence CITYNEIGHBOR :: Meet Your Neighborhood CENTERSTAGE :: Living in the Details CITYCULTURE :: The Art Walk CITYSERVICE :: Fire Station 32 CITYSERVICE :: Your City Concierge CITYINFO :: The Latest Happenings CITYCONTACTS :: Comments, Questions and Contacts BIGCITYWELCOME ::

The echoes and flashes of the celebratory fireworks’ booms and bursts fade as the labor of millions of man- hours of design and construction gave way to many thousands of hospitality workers catering, 24/7, to yet many more thousands of guests exploring CityCenter, the Capital of the New World. And while CityCenter celebrated its much vaunted hotel, retail and casino openings in December, the Residential Team has been focused on the upcoming closings of The Residences at Mandarin Oriental, , and Condo Hotel.

By assuring quality in preparing the residential operating teams, starting up a mortgage lending business and counseling over 1,000 buyers on their purchases, no team of residential professionals has been more active in support of its buyers than your CityCenter Residential Team. Since my last letter, our achievements include:

• Introducing our price reduction, offering existing depositors an unprecedented 30% adjustment on closing;

• Implementing our seller financing program with over 500 applications garnered in just our first 30 days of operation;

• Kicking off our Pre-Delivery Inspection initiative, deploying our Pre-Closing Inspection (PCI) Representatives to test residences, as your ombudsmen, for finish quality and readiness prior to your PCI;

• Engaging our residential operating teams — see Your City Concierge story in this issue — to provide seamless continuity of VIP Residential Concierge service and unparalleled access to virtually limitless attractions, activities and venues at CityCenter and the MGM MIRAGE™ collection of resorts;

We will begin to record closings in the coming weeks and the pace will accelerate as we head into April, with the 30 to 60 days required to complete the processing and underwriting for hundreds of loan applications and the escrow process. Unlike the public spectacle of CityCenter’s openings, the residential closings are individual and personal moments. For instance, for the Mandarin Oriental closings, each occasion is marked by a tingsha bell ceremony to welcome the spirits of new opportunity and good fortune into the home.

Of course, we congratulate the new homeowners and acknowledge the profound gratitude we feel for their loyalty and commitment to CityCenter and the fulfillment of their purchase. Being a part of CityCenter, as many of our homeowners have been for three years, has been a transformational experience. A home in the Capital of the New World affords our newly closed homeowners a future of great possibilities.

Sincerely,

Tony Dennis, Executive Vice President CityCenter Residential Division CITYSCAPES :: In a city already stuffed with superlatives,

CityCenter delivers a surge of razzmatazz. Casino executives heralded the crowning example The Guardian (U.K.) of what can be accomplished when vision, brilliance and sheer will are combined with $8.5 billion. Forbes CityCenter is opulent, bedecked with breathtaking works of art. It is, indeed, dazzling—all modern, sleek and beautiful. The Huffington Post CityCenter is an audacious array of art and architecture. The St. Louis Post-Dispatch

Just viewing the public art makes it a worthy destination. The Salt Lake Tribune To say that ARIA has redefined the look and feel of Vegas hotels Its soaring glass towers and world-class would be an understatement. sculptures are eye-popping centerpieces. Toronto Star CNN In a word? ‘Awesome.’ The Oregonian

MGM MIRAGE spared no expense in creating a gaming space that is at once functional and artistic. GamingToday …All that’s missing is George Clooney grinning crookedly in a tux. BusinessWeek

The defining moment: December 16, 2009. The event: CityCenter, unveiled to the world.

It was an incredible celebration with buyers, project leaders, Linda Gondek-Rheinberger, President of the Association of government officials, the press, local and national dignitaries Realtors, sees CityCenter “boosting” the Las Vegas economy, as gathered together at a private event at ARIA Resort & Casino™ the new resort is filled with hotel rooms, restaurants, residences, to celebrate the final addition to CityCenter’s portfolio of shopping, arts, and sports activities that will attract more visitors outstanding resorts and experiences. After the enjoyment and create a new cycle of growth for the city. of scrumptious samplings, libations and entertainment, David G. Schwartz, Director of the Center for Gaming Research at the evening concluded with an incredible fireworks display the University of Nevada, Las Vegas, is impressed with Mandarin signifying that the time was finally here to unveil CityCenter— Oriental’s arrival in Las Vegas. “The Mandarin Oriental is definitely in all its splendor, in all its glory—to the world. something new. The brand itself is a luxury brand you certainly “Transformative.” “Unprecedented.” “Like nothing we have ever wouldn’t have seen here 20 years ago.” seen.” These are just a few of the words that have been used to Beyond the glitz and the glamour, CityCenter represents an describe the scope and grandeur of CityCenter, and they prove economic rejuvenation, with Vince Alberta of the Las Vegas that CityCenter is revolutionizing the resort industry and Las Convention and Visitor Authority saying, “We project visitation Vegas as well. Both CityCenter and its residents can rejoice in the to increase 2 to 5 percent in 2010, driven largely by the opening acclaim, because the success of this massive undertaking is due in of CityCenter.” part to the vision of the residents who saw, just as the CityCenter designers did, a truly unique city-within-a-city that is light-years With all the positive statements surrounding CityCenter’s grand ahead of anything else in the industry. In terms of CityCenter’s opening, it is easy to see just how receptive people are to the impact, the word is out and people can’t stop talking about it. concept, and the vision, of those who saw a city-within-a-city rising out of the . Vdara, like all of CityCenter, is set back from the Vegas Strip. Modern and coolly understated, it really doesn’t feel like Las Vegas. OnMilwaukee.com CITYCULTURE :: CityCenter is straightforward, bold and beautiful. The Oregonian

CityCenter has racked up a dizzying roster of firsts and biggests. Exciting without being overwhelming. Impressive, Las Vegas Review-Journal but not oppressive. Luxurious but less wasteful. San Francisco Chronicle The resort amenities, many unique to Las Vegas and even the world, dazzle even the most jaded visitors. The Salt Lake Tribune Vegas is growing up. This will point the way. The Washington Post

Incredibly, six components of the $8.5 billion CityCenter project on the Las Vegas Strip have achieved LEED Gold certification, an accomplishment of Herculean proportions that is a total game changer for any significant hospitality project on a go-forward basis. HotelInteractive.com

Never mind the recession—the glittering complex, with its chic hotels, dining and shops, CityCenter, a place that raises the is seen as the start of the ‘new,’ urban Sin City. stakes on fantasy, luxury and, ultimately, Los Angeles Times the future of Vegas hospitality. Los Angeles Times

TalkThe CityCenter’s Grand Opening&Toast of the Town

CityCenter has received millions of dollars worth of publicity in the last eight weeks alone and our Publicity story has reached more than one billion impressions internationally. Here are some incredible statistics fun facts showcasing how much CityCenter is being talked about as of January 2010.

Broadcast 2,213 airings on 455 stations in 165 markets with a total viewership of 280,191,585 people Print and Online 635 stories with a total of 427,128,603 impressions Radio Over 100 radio broadcast stories reaching more than 3,000,000 listeners 50 interesting facts interesting CITYCENTER BY THE NUMBERS CityCenter is recycled material. material. is recycled CityCenter 12 12 CityCenter is one of the largest projects ever registered for LEED certification. certification. LEED for ever registered projects largest of the is one CityCenter 18 10 1 7 7 Green Building Council’s Leadership in Energy and Environmental Design, or LEED®, program. LEED®, or Design, Environmental and Energy in Leadership Council’s Building Green was the first structure built as part of the project. The site previously served as a surface parking lot parking surface a as served previously site The project. the of part as built structure first the was 6 contains million ofapproximately acres sizesquare campus land, the same The as Bellagio. at CityCenter. ARIA’s main porte cochère features a striking wall of stone quarried less than 30 than less quarried stone of wall striking a features cochère porte ARIA’s main CityCenter. at veers—five degrees from true vertical.veers—five true from degrees Dubai World. Dubai of subsidiary a Corp, Development World Infinity and MIRAGE MGM between venture joint 50-50 construction, CityCenter recycled more than 90 percent of all construction waste. waste. construction all of percent 90 than more recycled CityCenter construction, originally conceived by MGM MIRAGE Chairman and CEO Jim Murren, who studied art history and history art studied who Murren, Jim CEO and Chairman MIRAGE MGM by conceived originally of the rubble was either recycled or reused. reused. or recycled either was rubble of the for Bellagio employees, and a structure needed to be built to clear the land so construction could could construction so land the clear to built be to needed structure a and employees, Bellagio for urban studies in college. college. in studies urban space. of feet square million 18 has CityCenter space. of feet from wooden concrete forms to drywall scraps. scraps. drywall to forms concrete wooden from closer together with greater density, resulting in more people and activity in the same space. space. same the in activity and people more in resulting density, greater with together closer feet of Strip frontage. frontage. Strip of feet hotel. condo all-suite unit is the centerpiece of CityCenter. of centerpiece the is begin. begin. recycling diverted more than 250,000 tons of construction waste from the local landfill—everything landfill—everything local the waste from tons of construction 250,000 than more diverted recycling miles from Las Vegas. Las from miles in one location. high-density, urban-style development. This means it builds up instead of out, placing buildings buildings placing out, of instead up builds it means This development. urban-style high-density, CityCenter is the largest privately funded development in North America. America. North in development funded privately largest the is CityCenter Veer Towers has 668 individually owned condominiums. condominiums. owned individually 668 TowersVeer has The work of eight world-renowned architects went into CityCenter. into went architects world-renowned eight of work The Crystals™ has 500,000 square feet of retail, dining and entertainment space. entertainment and dining retail, of feet square 500,000 Crystals™ has 16 16 Veer Towers create a dramatic architectural effect because each 37-story tower leans—or leans—or tower 37-story each because effect architectural dramatic a create Towers Veer 3 Located in the heart of the Las Vegas Strip, CityCenter is six unique destinations destinations six Vegasis unique Las the of CityCenter Strip, heart the in 3 Located

ARIA Resort & rooms and suites. Casino has ARIA Resort 4,004 4

9 9 24 15 15 6 6 In total, CityCenter has nearly 7,200 hotel rooms and condominiums. condominiums. and rooms hotel 7,200 nearly has CityCenter total, In

While not considered part of CityCenter, the Bellagio Employee Garage Garage Employee Bellagio the CityCenter, of part considered not While ARIA’s flowing design was created by Pelli Clarke Pelli Architects and and Architects Pelli Clarke Pelli by created was design flowing ARIA’s Mandarin Oriental, Las Vegas has 392 guestrooms and 225 residences. residences. 225 and guestrooms 392 has Vegas Las Oriental, Mandarin 22 22 25 After the implosion of the Boardwalk Hotel, more than 85 percent percent 85 than more Hotel, Boardwalk the of implosion the After /100 ARIA’s hotel tower offers more than 100 hotel room layouts. 17 CityCenter was built to the strict standards of the U.S. 23 Locally sourced materials are used wherever possible possible wherever used are materials sourced Locally 21 21 More than 70 percent of the steel throughout throughout steel the of percent 70 than More 8 8 CityCenter has approximately 1,200 1,200 approximately has CityCenter 14 14 The concept of CityCenter was was CityCenter of concept The 5 Vdara5 Hotel & Spa is a 1,495- 13

CityCenter is built on 67 on built is CityCenter 11 CityCenter is a 2 2 In four years of years four In 19 20 20 CityCenter is a is CityCenter Construction

CITYLIFE ::

26 The ARIA casino offers the only gaming at CityCenter. 27 The pool at ARIA has six bars, 50 cabanas and 1,500 lounge chairs. 28 ARIA’s tri-level convention center features a 400-foot glass wall with poolside views from every level. 29 ARIA has non-smoking paths throughout the casino. 30 ARIA opened on December 16, 2009. 31 CityCenter’s Central Plant generates a portion of its own electricity on-site. 32 The Central Plant will produce one-third of the annual electricity needed at ARIA. 33 Generating electricity on-site is more efficient than transmitting power down long lines from plants miles away. 34 The technology that generates CityCenter’s electricity uses the same energy to heat all domestic hot water for all of CityCenter. 35 Water conservation technology and programs at CityCenter use 30 percent less water than other buildings and 60 percent less water in outdoor landscaping. 36 CityCenter developed and commissioned the first-ever fleet of stretch limos powered by clean-burning compressed natural gas. 37 Energy-efficient initiatives provide a savings equivalent to powering 7,700 households annually. 38 CityCenter has the largest Wi-Fi access area in the world, covering more than 14 million square feet. 39 More than 6,500 antennas coupled with nearly 3,000 wireless access points deliver Wi-Fi to every room and anywhere on

the CityCenter campus. 40 ARIA guestrooms have keyless locks with RFID technology. Guests unlock doors by passing their key over the lock. Keys cannot be demagnetized, reducing key failure.

41 Guestrooms have a single remote for one-touch control of lighting, temperature, televisions, music, wake-up calls, draperies, and service requests. 42 Each nightstand features a touch-screen panel that gives guests control of room settings from their bed and a “good night” button that turns off lights,

TVs and music; closes curtains; and turns on the privacy notification. 43 Every ARIA guestroom includes a 42-inch LCD HDTV and a panel for guests to connect their laptop to the big-screen monitor.

44 All guestrooms are networked with one gigabyte of bandwidth, delivering matchless connectivity to both Internet and hotel operations. 45 Wireless Internet connectivity is up to eight times faster (128 kilo-bytes) than the average U.S. guestroom today. 46 Maintenance messages—a remote needing new batteries or a mini-bar needing replenishing—are delivered through the wireless network so problems

can be identified and resolved before the guest is even aware of them.47 Mandarin Oriental, Las Vegas is part of Mandarin Oriental Hotel Group, which has more than 41 hotels operating or in development

in 25 countries. 48 Mandarin Oriental features a Sky Lobby on the 23rd floor, where guests check in while taking in a spectacular view of Las Vegas. 49 Mandarin Oriental has separate valets for residents, hotel guests and those visiting for meetings and events. 50 Three-star Michelin Chef Pierre Gagnaire chose Mandarin Oriental, Las Vegas for his first-ever U.S. restaurant, Twist.

...To be continued in our next issue. :: CITYEXCLUSIVE

The Residences at n Mandarin Oriental, Fa Las Vegas — a First Ever to Receive m a Symbolic, a Commemorative Fan I In celebration of Mandarin Oriental’s arrival at CityCenter, the hotel group has commissioned not one, but two fan-shaped art pieces to grace the Las Vegas property — the first time in the company’s 25 years. Traditionally, only the hotel receives such an honor, with the Las Vegas property being the latest location to join the elite few. This time, a second fan is being bestowed upon The Residences at Mandarin Oriental, Las Vegas—another first for Mandarin Oriental Hotel Group.

The fans are exclusive decorative additions to the properties, a tradition that gives the guests and residents a sense of place for that particular environment and a mark of individuality for the hotels and residences.

The artwork, created by Chinese-American artist Eric Jiaju Lee, reflects 21st century luxury with oriental charm that is associated with Mandarin Oriental Hotel Group—a mix of the traditional and the contemporary.

The art incorporates the natural hues of the Southwest desert that surrounds Las Vegas, most notably in Red Rock Canyon, and the luxurious experience of urban Las Vegas that is CityCenter. The form of the fan itself reflects the hotel group’s fan logo, a contemporary design that represents the quality of service and privileged access to accommodations that is the essence of the Mandarin Oriental brand.

About the artist: Eric Jiaju Lee is a Chinese-American painter residing in Brooklyn, New York, with studio practices in both Brooklyn and Beijing, . CITYINFO ::

Closing Process Summary

Below is a simple illustration that generalizes the remaining steps involved in taking ownership of your CityCenter residence. We understand every situation is unique, therefore we have a dedicated group of individuals ready and able to guide The Residences at you seamlessly through your closing process. n Mandarin Oriental, Fa Las Vegas — a Mailed Notification of First Ever to Receive Closing Date & Pre-Closing m a Symbolic, Inspection Date a Commemorative Fan I CityCenter Seller Financing Program Now Available In early December 2009, CityCenter Holdings, LLC, announced that it had selected Private National Mortgage Acceptance Company, Pre-Closing LLC, (PennyMac) to serve as a lending resource Inspection for existing buyers of condominiums and condo- hotel units at CityCenter.

The seller financing program will include both a fixed rate and a variable rate option. With the assistance of PennyMac, CityCenter has developed a comprehensive program, which takes both the buyers’ financial standing and their purchase into consideration when determining loan terms. Closing As closings draw near, now is the time to learn about CityCenter’s program for qualified condominium and condo-hotel buyers. Please call 702.590.5255 or toll-free at 866.751.CITY (2489) to arrange a consultation with a loan specialist.

Schedule Move-In and Property Management taking Building Orientation

ownership residence your of your guide to everything citycenter Las Vegas has been infused with high-end dining and retail offerings as well as luxury amenities and edifying cultural exhibits. Here is a look at what you’ll find.

Nancy Rubins, Big Edge, 2009

shaboo Japanese Pool Counter (seasonal) SALON & SPA Open for dinner. Pool accessories, sun care and a variety of The spa at aria DINING skybox sports Bar and grill American reading materials. 702.590.9600 or arialasvegas.com. aMeriCaN fish Refined American Seafood Cuisine radiance Spa open daily 6 a.m. – 8 p.m.; Open for dinner. Open daily. Exclusive line of fine jewelry and collectible Services 7 a.m. – 7 p.m. BarMasa Modern Japanese sirio ristorante Upscale Italian watches in a showcase-type setting. Salon open daily 9 a.m. – 7 p.m. Open for dinner. Open for dinner. spa Boutique SHOWS Ice Cream An indulgent collection of beauty and Blossom Classic Chinese sweet Chill Viva elVis by Cirque du Soleil spa offerings, as well as eco-conscious Open for dinner. Open daily. The new production by Cirque du Soleil lifestyle-driven apparel, products, home Café Vettro Coffee Shop The Buffet pays tribute to the music and life of Elvis by accessories and jewelry. Open 24 hours. Open for breakfast, lunch and dinner. fusing dance and acrobatics, live music and Terrene Jean-georges steakhouse uNioN restaurant & lounge Modern iconic tracks, nostalgia and modernity, high Contemporary collection of fashion, casual Open for dinner. American technology and raw emotion. and intimate women’s apparel featuring Open for dinner and late night. For Viva elVis tickets and information, call Jean-Philippe Pâtisserie Pastry Shop/Café hard-to-find brands from the 877.2.sHOW.lV or visit arialasvegas.com Open for breakfast, lunch and dinner. SHOPPING and Europe, swimwear, jewelry, shoe salon Julian serrano Spanish Small Plates elements and boutique cosmetics and fragrances. NIGHTLIFE Open for lunch and dinner. Assortment of organic, eco-friendly, Viceroy Baccarat lounge lemongrass Modern Thai contemporary logo resort merchandise, Designer and contemporary fashions, Sip unique libations in this lounge Open for lunch, dinner and late night. affordable fashion jewelry and accessories, shoes, accessories, fine jewelry, fashion neighboring the high-limit gaming area. The roasted Bean Coffee House along with sundries, snacks, beauty and watches and personal care items for him. Open 24 hours. personal care. Open daily. Viva elVis officials tore Bar Moderno sage Seasonal Meats, Seafood and Papillon Distinct and exclusive fashion and souvenir This lively lounge is a great meeting place Vegetables Designer accessories and jewelry, including apparel, accessories and gifts inspired by for guests to enjoy signature cocktails and Open for dinner. many exclusive designs. the show Viva ELVIS by Cirque du Soleil®. live piano music. Open 24 hours. CITYNEIGHBOR ::

Carta Privada Tea Lounge Tea, Coffee, Light Fare Christian Dior Nanette Lepore Relax in the exclusive, ultra-hip atmosphere Open daily. Opening Soon. Designer apparel, shoes, accessories with eclectic cocktails and cigars. Open and her signature fragrance, nanette by SALON & SPA de Grisogono 24 hours. Fine jewelry and watches with unique Nanette Lepore. The Spa at Mandarin Oriental City Bar designs. Paul Smith 702.590.8886 or mandarinoriental.com. Classic cocktails in an exciting and intimate Fine collection of men’s wear, shoes, Open daily 9 a.m. – 9 p.m. Emilio Pucci atmosphere. Open 24 hours. Designer collection of women’s apparel, jewelry, fragrances, books and artwork. Gold Lounge NIGHTLIFE shoes, sunglasses and accessories Philipp Plein A nightclub feel in an intimate setting. Mandarin Bar (Opening June). Opening Soon. Haze Nightclub Spectacular views and an exquisite Ermenegildo Zegna Porsche Design Cutting-edge nightlife with a cocktail menu including wines from Luxury collection of suits, sports wear, Classic men’s apparel and sportswear, distinctive flair. around the world. shoes and accessories for him. accessories, electronic products and Pool Bar (seasonal) Fendi fragrances. Poolside tropical libations. Designer collection of men’s and women’s Prada The Deuce Lounge apparel, shoes, bags, sunglasses, Designer collection of men’s and A hip destination fusing the elements DINING fragrances, accessories and home women’s apparel, shoes, bags, sunglasses, furnishings. fragrances and accessories of an ultra-lounge with gaming. Beso Steak with Latin flair by Eva Longoria (Opening June). View Bar Parker and Chef Todd English Gucci Sophisticated lobby lounge to meet, Open for dinner. Opening Soon. R.Lo Gallery Original photos, prints, books and relax and enjoy handcrafted cocktails. Mastro’s Ocean Club Seafood and Steak H.Stern collectibles inspired by artist Rodney Open 24 hours. Open for dinner. Fine jewelry collection. Lough Jr. Todd English P.U.B. Modern Pub Cuisine Hermès Roberto Cavalli Open for lunch and dinner. Fine women’s and men’s apparel, leather goods, shoes, watches, jewelry, sunglasses, Fine men’s, women’s and children’s Brasserie PUCK Casual French textiles, accessories and fragrances apparel, accessories, fragrances, Open for lunch and dinner. (Opening June). and for the first time in the U.S., the DINING The Pods by Wolfgang Puck American Cavalli pet line. Silk Road Restaurant Contemporary ILORI Cuisine The Art of Richard MacDonald Presented Mediterranean Luxury eyewear from iconic brands and Open for breakfast, lunch and dinner. by Cirque du Soleil Open for breakfast, lunch and dinner. designers including Persol, Ray Ban, Prada SHOPPING and Chanel. Showcasing sculpture and other works by the world-renowned artist. Shopping Assouline Kiki de Monteparnasse Spa Boutique Fine illustrated books, luxury editions and Luxury collection of intimate fashion the GALLERY featuring Dale Chihuly The Spa Boutique carries a discerning an exquisite gift line dedicated to fashion, apparel, accessories, jewelry, fragrance and Glass sculpture, books and DVDs by artist selection of products that support the photography, art and design. bath and body lines. Dale Chihuly. spa lifestyle including wellness books, Bally Kiton Tiffany & Co. bath and body products, skin care, Designer apparel, shoes and accessories Luxury collection of men’s suits, Fine diamond and sterling silver jewelry, cosmetics, hair care, sun care and apparel. for men and women. sportswear, shoes, fragrances, furnishings watches, gifts and accessories. SALON & SPA Bottega Veneta and a women’s apparel collection. Tom Ford Fine men’s apparel, footwear, Vdara Health & Beauty Luxury women’s and men’s ready-to-wear Lanvin accessories, eyewear, fragrance 702.590.2474 or vdara.com. apparel, fine jewelry, furniture, accessories French luxury collection of men’s and and personal care items. Spa open daily 6 a.m. – 8 p.m. and more. women’s apparel, shoes, handbags, Salon & Champagne Bar Brunello Cucinelli watches, fragrances and accessories. Tourbillon open daily 9 a.m. – 7 p.m. Luxury collection of fine Italian men’s Louis Vuitton Fine watches and jewelry featuring and women’s apparel, cashmere and Fine men’s and women’s apparel, leather collections by Breguet, Blancpain, NIGHTLIFE accessories. goods, shoes, watches, jewelry, sunglasses, Glashütte Original, Jaquet Droz, Le’on Hatot, Omega and Swatch. Bar Vdara Bvlgari textiles and accessories. In the center of Vdara, this luxurious and Luxury collection of fine leather goods, Marni Van Cleef & Arpels playful space works as well for a morning jewelry, watches, perfume and accessories. Fine men’s, women’s and children’s Fine jewelry collections based on three espresso as it does for a late-night cocktail. longstanding themes from the designer. Carolina Herrera apparel, shoes, bags, small leather goods Vdara Pool & Lounge Designer collection of women’s apparel, and eyewear. Versace The intimate Vdara Pool & Lounge is Carolina Herrera Bridal collection, shoes, Mikimoto Luxury collection of men’s and women’s surrounded by cutting-edge design, sunglasses, fragrance and accessories. World’s finest selection of Akoya and apparel, shoes, bags, sunglasses, fragrances, world-class DJs and private retreat and spa accessories and home furnishings. Cartier South Sea cultured pearl jewelry. cabanas with semi-secluded plunge pools. Fine jewelry and watches including many Miu Miu NIGHTLIFE Designer collection of women’s apparel, signature and exclusive Cartier lines. Eve The Nightclub shoes, sunglasses and accessories. CENTERpiece Gallery Located on the second floor of Eva Longoria Contemporary art and functional design Parker’s Beso, this elegant club is sure to objects from the artists and architects of heat up the night. CityCenter. DINING Twist by Pierre Gagnaire Modern French Open for dinner. For information and reservations at the following properties: MOzen Bistro Contemporary Asian ARIA Resort & Casino 877.2.DINE.LV or arialasvegas.com Open for breakfast, lunch and dinner. Vdara Hotel & Spa 866.745.7767 or vdara.com Amore Patisserie Pastry Shop Crystals retail and entertainment district 866.754.2489 or crystalsatcitycenter.com Open daily. Mandarin Oriental, Las Vegas 702.590.8881 or mandarinoriental.com/lasvegas LIVinGthe a day in the life of a CityCenter resident de tails No matter which residence you may reside in at CityCenter, The Residences at Mandarin Oriental, Las Vegas, either of the towers at Veer, or Vdara Condo Hotel, the plenitude of culinary, retail, entertainment, recreational, and gaming options within your new community are almost endless. Choosing what experiences are to be had each day at CityCenter is like accessorizing your wardrobe. From a morning cup of coffee at Wolfgang Puck’s The Pods inside Crystals to a late-night snack at one of the many dining establishments at ARIA Resort & Casino, your new lifestyle awaits you at CityCenter. CENTERSTAGE :: Day in the Life :: The Residences at Mandarin Oriental, Las Vegas

7:00 a.m. :: Breathe in the morning air with your pet while An Early visiting one of CityCenter’s two dog facilities Dog Walk equipped with a water bubbler, landscaping and an enclosed pen for off-leash activities.

9:00 a.m. :: Start your morning with a perfectly brewed A Morning Snack espresso and an exquisitely wrapped at Amore patisserie while watching Las Vegas Patisserie Boulevard hurriedly going by.

10:00 a.m. :: Enjoy your daily newspaper in your private A Daily Read Mandarin Oriental residential owners lounging in the Residential area located on the lobby floor. Converse with Owners Lounge neighbors and become acquainted with the staff whose sole purpose is to make your life as convenient as possible.

11:30 a.m. :: Host your business clients at your A Private Business private residential boardroom. Enjoy a Meeting in the customized, catered working-lunch Residential through Mandarin Oriental Hotel Group Boardroom and its award-winning chefs.

1:30 p.m. :: The two-level Spa is an oasis for serenity and The Spa at rejuvenation. With design inspiration from Mandarin Oriental, 1930s Shanghai, experience a blissful spa Las Vegas journey unlike any other.

3:30 p.m. :: A time-honored tradition from the Orient High Tea at comes to Las Vegas. Experience high tea the Tea Lounge service daily from 3 – 5 p.m. on the 23rd floor Sky Lobby.

5:00 p.m. :: Through a private set of doors only for Retreat to residential patrons, be whisked away by your Your Residence secured residential and retreat back to your home to prepare for the evening ahead.

7:30 p.m. :: Your dinner plans await at Mandarin Oriental, Dinner at Twist Las Vegas’ signature fine dining restaurant by Pierre Gagnaire Twist. Indulge in a culinary creation from world-renowned, Michelin three-star rated Chef Pierre Gagnaire.

9:30 p.m. :: What’s a night in Las Vegas without a show, and Tickets to Mandarin Oriental residents don’t have to travel Viva ELVIS™ far in their neighborhood to catch the hottest by Cirque du Soleil new Cirque du Soleil experience in town: Viva ELVIS located at ARIA Resort & Casino.

11:45 p.m. :: As you stroll down CityCenter Place back to A City Walk Past your abode, you see how Park Avenue was Beautiful Public the design inspiration behind it. But unlike Art Displays Park Avenue, CityCenter Place is adorned with incredible works of public art for your visual taking.

12:00 a.m. :: Enjoy an after-dinner cocktail and partake A Nightcap at in the high society social scene of Las Vegas. Mandarin Bar A perfect end to a delightful day. :: CENTERSTAGE

Day in the Life :: Vdara Condo Hotel

7:00 a.m. :: Dine in with Vdara Room Service and enjoy the Breakfast in Bed solitude of the early morning hours within your Vdara residence. In-room dining is available to residents 24/7.

9:00 a.m. :: Indulge in the Holistic Spa Escape package Vdara Health & Beauty offered through Vdara Health & Beauty. Spa Escape Including a Pure Results Facial and a French Lavender Soothing Massage, the next 3 hours is most certainly a testament to escaping from it all.

12:00 p.m. :: Refreshed and relaxed from the Spa, spend the An Afternoon Experience day in leisure at Vdara Pool & Lounge, offering of Leisure and Lunching at private cabanas and poolside amenities serving Vdara Pool & Lounge the best in food, drink and entertainment to those wanting to spend the day in a bathing suit.

4:00 p.m. :: After a day of leisure, it is time to turn your attention Head-to-Toe Salon to a night full of entertainment and intrigue. Enjoy a Escape to Prepare few hours of being pampered and prepped as salon for Evening Adventures experts perform an array of pleasures including manicure, pedicure, make-up application, and hair styling, all while sipping champagne.

6:30 p.m. :: Just East of Harmon Park sits Fine Art Collection piece An Appreciation Big Edge by Nancy Rubins, a collection of row-boats, for Fine Art canoes and other small vessels nestled into a unique artistic setting.

7:30 p.m. :: From Executive Chef Martin Heierling, Silk Road Dinner Reservations is a taste of eclecticism in a mix of contemporary at Silk Road at Vdara seating and sleek but private dining booths.

10:00 p.m. :: With Vdara being directly connected to Bellagio, 2 Tickets to residents are only a short walk away from all it “O™” by Cirque du Soleil has to offer including “O”, an aquatic tapestry of artistry, surrealism and theatrical romance in the timeless production.

12:00 a.m. :: Finish the night with a late-night libation at Bar Vdara, Drinks at Bar Vdara centrally located in the hotel lobby. Relax at an indoor table or enjoy the night’s air on an outside swing. Day in the Life :: Veer Towers

7:00 a.m. :: Many people wake up early to get that cardio or An Early strength-training session in before their day starts. Morning Workout But how many people can say they do that on the roof deck at Veer Towers with panoramic views of The Strip?

8:30 a.m. :: Blend away in the privacy of your own home. Smoothie Time in Sip and enjoy your fruit smoothie while taking the Privacy of your in the city sights below through your floor-to- European-style Kitchen ceiling windows. Watch the CityCenter tram whisk by or follow pedestrians below as they look up in admiration, wonder and intrigue on who resides in these iconic towers.

10:30 a.m. :: A Veer resident only has to travel to his or her tower City Concierge lobby to arrange for grocery pick-up and delivery. at Work for You While you are out and about shopping for yourself, let your Concierge take care of your daily needs. If that means shopping for a party you are hosting only hours later, no worries. The groceries will be ready and waiting for you at the Concierge desk upon your return.

11:00 a.m. :: For you, maybe it’s a trip to one of the many Shopping at Crystals stunning art galleries. Or dinner reservations at Eva Longoria Parker’s Beso. Oh, and don’t forget the multitude of the world’s most elite and high-end couture and luxury brands such as Louis Vuitton, Tiffany & Co., Bulgari, and many, many more.

1:00 p.m. :: With 290-plus days of sunshine every year in Time for a Swim southern Nevada, a pool is more of an essential than an amenity. Return roof-top and enjoy some summer rays (and the view) as you cool off in your infinity-edge pool, 37 stories above CityCenter.

3:00 p.m. :: As a resident of Veer Towers, enjoy privileged Spa Appointment at access to Vdara’s two-level spa, Vdara Health & Vdara Health & Beauty Beauty. Sip champagne while Vdara’s health and beauty experts revitalize the body and spirit.

7:30 p.m. :: You’re refreshed from a trip to Vdara’s spa. You’re Friends, Cocktails looking sharp sporting the freshest styles from and Hors d’Oeuvres Crystals’ retail boutiques. Now it’s time to host a on Veer’s Amenity Deck gathering of close friends on your Veer amenity deck, 37 stories high. Play some pool in the billiards room, socialize outside on the pool deck, enjoy cocktails and hors d’oeuvres, and watch the sun set over the mountains. A perfect start to an action- packed evening to come!

9:30 p.m. :: Part of The Light Group portfolio, Adam Tihany- Dinner Plans with Friends at designed UNION is the "seen in the scene" dining UNION Restaurant & Lounge spot within ARIA Resort & Casino.

11:30 p.m. :: Enter another world of a sensory journey that Table Service challenges guests to question their sense of at Haze Nightclub perception and reality at Haze Nightclub located inside ARIA Resort & Casino. Ready yourself for superior nightclub service at the latest Las Vegas nightlife experience. Dance the night away and stay out as late as you want …. you are only footsteps from your home. INTERSTATE 15

VDARA AND BELLAGIO EMPLOYEE PARKING GARAGE

CITYCENTER An 85-foot long river made from recycled silver, a starburst of reclaimed EMPLOYEE PARKING GARAGE canoes suspended in the air, and massive paintings created from natural

M elements are just a few of the striking pieces of artwork that are part of the A largest and most ambitious corporate public art program in existence today— R BELLAGIO T T

I O and the residences at CityCenter are at the center of what promises to be the N

D premier cultural and artistic experience in Las Vegas. POOL D E 7 R A I The CityCenter Fine Art Collection has placed the works of 16 acclaimed V N E 8 9 painters, sculptors and visionaries throughout the campus, integrating the C L E C I R O N art into the varied and stimulating spaces of CityCenter—engaging residents LK CONVENTION R M and visitors with the artist’s vision outside the traditional gallery setting and CENTER A H offering pieces of art that exist and breathe in CityCenter’s residential, public 4 6 and common spaces. 5 Residents, as they navigate their CityCenter neighborhood, will notice the 3 a visionary and contemporary art pieces reflect not just the artist’s vision, but VIVA ELVIS THEATER that of CityCenter as a whole. TheseR reflective and innovative art pieces are the perfect complement to the CityCenterU experience, which is redefining Las Vegas for the 21st century and placingE the residences at the epicenter of the

emerging art district on The Strip.D

E

M MONTE 1 O 10 HENRY MOORE CARLO

Silver River, 2009 N Reclining Connected Forms,

ARiA Resort & Casino, T 1969-1974

Registration Desk E The Park

2 TONY CRAGG 11 RICHARD LONG Bolt, 2007 C Circle of Chance and Earth, 2009

A 2 Bent of Mind, 2008 Veer Towers, Untitled (Tall Column), 2008 R lobbies ARiA Resort & Casino, L

O 12 CLAES OLDENBURG AND ARiA self-Park lobby COOSJE VAN BRUGGEN 1 3 JULIAN SCHNABEL Typewriter Eraser, Scale X, Zeus, 1992 1998-1999 10 ARiA Resort & Casino, Pedestrian Bridge, Outside Viva elVis Theater Near Mandarin Oriental 4 ANTONY GORMLEY 13 MASATOSHI IzUMI E U N E AV N O M R A H

Feeling Material XXVIII, 2007 CACTUS Life – living with the RT W ARiA Resort & Casino, Earth, 2007-2008 ViP West Oculus Mandarin Oriental, ARIA 5 JENNY HOLzER Porte Cochère SELF-PARKING 11 VEGAS, 2009 14 JUN KANEKO ARiA Resort & Casino, Untitled, Dango, 2002 North Valet Pick-up Untitled, Triangle Dango, 1996 a 6 NANCY RUBINS Untitled, Dango, 1992 16 Big Edge, 2009 Mandarin Oriental, 11 HARMON PLACE Harmon Circle Ground Floor Hotel lobby 7 FRANK STELLA 15 JACK GOLDSTEIN 12 Damascus Gate Variation I, 1969 Untitled (Volcano), 1983 Vdara Hotel, Mandarin Oriental, 15 sky lobby (23rd Floor) CITYCENTER PLACE Registration Desk 14 8 PETER WEGNER 16 ISA GENzKEN 13 Day for Night, Night for Day, 2009 Rose II, 2007

Vdara Hotel, Hotel, e Concierge lobby Porte Cochère 9 ROBERT RAUSCHENBERG Lucky Dream, 1999 Vdara Hotel, lobby

LAS VEGAS BOULEVARD TH INTERSTATE 15

VDARA AND BELLAGIO EMPLOYEE PARKING GARAGE CITYCULTURE ::

CITYCENTER EMPLOYEE PARKING GARAGE

M

A

R BELLAGIO

T T

I O N

D POOL D E 7 R A I V N E 9 C L E 8 C I R O N M CONVENTION R Bellagio CENTER A H Tram station 4 6 5 3

VIVA ELVIS

THEATER R

U

E

D

E

M MONTE O CARLO

N Monte Carlo FINE ART COLLECTION MAP

T Tram station

E

Roads

C

A 2 Pedestrian Walkways

R

L Pedestrian sky Bridges O 1 10 escalator

stairs VENUE U N E AV N O M R A H entrance

ARIA ideal Viewing location SELF-PARKING 11 Crystals Tram station

16 11 HARMON PLACE 12

15 CITYCENTER PLACE 14 13

Map not to scale. Fire Station32

As CityCenter residents walk the campus of this modern city- the best entertainment and accommodation while maintaining a within-a-city, they will encounter a true metropolitan atmosphere high degree of safety and effective emergency response. where culture, entertainment, dining, luxurious accommodations Clark County Fire Chief Steve Smith says, “CityCenter provided the and first-class service are within reach by tram or by foot. Whether means and the opportunity to help serve the community with a it’s fine dining within ARIA, a cocktail with a spectacular view of new fire station.” the city from Mandarin Bar, a relaxing spa session at Vdara, or shopping amongst the variety of elite retailers at Crystals, residents The fire station itself has been redesigned to better suit the needs can immerse themselves in the CityCenter experience day and of CityCenter. With a new building that occupies half the space of a night without noticing an important feature that represents a first regular fire station along with a new fire engine, which was custom for Las Vegas resorts. built with a shorter wheel-base to better traverse the narrow streets of CityCenter, Smith says the new fire station can respond Nestled in a small corner of CityCenter is Fire Station 32, a first- to emergencies within seven minutes of receiving an emergency of-its-kind fire station staffed with two shifts of paramedic trained call, far better than the 10- to 15-minute wait time experienced firefighters and equipped to respond to emergencies both on before Fire Station 32 was operational. campus and throughout the resort corridor. Having a fire station within close proximity is unique for residential , CityCenter President and Chief Executive Officer, living, Smith says. One aspect, Smith points out, is that “the says safety was paramount throughout the entire design and firefighters are familiar with the site, they know the property better, construction process. “The design of these buildings is in close they know the area, they know the staff,” and can better respond collaboration with the fire department,” he says. “They are actively to emergency calls within CityCenter and throughout the resort involved in everything we do in order to make CityCenter safe.” corridor. To the on-site firefighters, CityCenter is not just any other CityCenter and the Clark County Fire Department have been in resort, it’s their home as well. cooperation throughout the development process to bring residents CITYSERVICE :: your city Concierge As the New Year presents itself, there is a befitting old adage that comes to mind, “Out with the old and in with the new!” As CityCenter buyers transition to CityCenter owners, a whole new dedicated team has been working diligently to prepare for their respective owners’ arrivals.

Please welcome your City Concierge. Each residential building will house its very own City Concierge team available and ready to support their owners' every need. Reservations at Eva Longoria Parker’s Beso? Tickets to Viva ELVIS? Room reservations at ARIA Resort & Casino for visiting guests? Transportation to the airport? Consider it taken care of by these talented experts, whose main job is to ensure your life at CityCenter is as enjoyable, pleasant, convenient, and fulfilling as possible.

It is our pleasure to introduce the following City Concierges:

Michael Tuesca Matt Sommers Denise Giorgione Residential Concierge Manager Residential Concierge Manager Chef Concierge The Residences at Mandarin Oriental, Veer Towers Vdara Condo Hotel Las Vegas CITYINFO ::

for the CityCenter resident Celebrating Gold :: Unlike any other residential resort property, CityCenter has been awarded six LEED Gold certifications putting the residences of CityCenter at the cutting edge of sustainability. Along with living in the cultural, entertainment and retail capital of Las Vegas, residents can now add “green” and “gold” to the list.

Residential Model Suites :: In early 2010, CityCenter Residential will be introducing new model suites within The Residences at Mandarin Oriental, Las Vegas and Veer Towers.

Happenings These model suites are sure to be a luxurious and fitting experience. Revel in the creativity and pick up some decorating tips along the way.

February Brings Exciting Openings to Crystals :: February is an exciting month at Crystals at CityCenter. Innovative concepts from Todd English, Wolfgang Puck and Mastro’s Ocean Club round out an impressive dining collection while powerhouse brands Fendi, Versace and Lanvin add to the amazing retail portfolio. February openings include: Mastro’s Ocean Club (February 4), Brasserie PUCK (February 7), Todd English P.U.B. (February 11), Fendi and Versace (February 14), and Lanvin (February 28). Recent openings include: Hermès and The Pods by Wolfgang Puck. For questions, please contact Crystal’s Concierge at 702.590.9230. The Concierge desk is open daily from 10 a.m. to midnight.

Viva ELVIS by Cirque du Soleil® :: The legend and music of Elvis combined with the energetic magic of Cirque du Soleil have produced a show unlike any other on The Strip. Part opera, part theater, part dance, part circus, the show promises to be yet another exciting dimension to the entertainment experience found at CityCenter. “Viva ELVIS will bring the King of Rock ‘n’ Roll back to Las Vegas for millions of his fans and create a buzz that will enable his persona to attract untold numbers of new followers,” says Bill McBeath, President and COO of ARIA Resort & Casino. Not bad after a 33-year hiatus from Las Vegas. For ticket information and availability, please contact VIP Residential Services at 866.734.7171. THE LATEST THE :: CITYCONTACTS

CityCenter Residential Closing Representatives 866.751.CITY (2489) toll free or 702.590.5255 local CityCenter Residential Sales 866.708.7111 toll free or 702.590.5999 local VIP Residential Services 866.734.7171 CityCenter Residential Sales Pavilion is located at 3780 Las Vegas Boulevard South, Las Vegas, NV 89109 citycenter.com

Closing Date Scheduling CityCenter Residential CityCenter Residential CityCenter Residential Pre-Closing Inspection Closing Representative Closing Representative Closing Representative Scheduling 866.751.CITY (2489) 866.751.CITY (2489) 866.751.CITY (2489) 702.590.5255 702.590.5255 702.590.5255 Finance Inquiries

Nevada Title Company Jill Dalesandry Rayna Peterson Rayna Peterson Escrow Officer Escrow Officer Escrow Officer 701 N. Green Valley Pkwy. 10000 W. Charleston Blvd. 10000 W. Charleston Blvd. Suite 120 Suite 180 Suite 180 Henderson, NV 89074 Las Vegas, NV 89135 Las Vegas, NV 89135 702.251.5003 702.251.5054 702.251.5054

Property Management The Residences At Mandarin Oriental The Prescott Companies Vdara Hotel Operations Company Management, LLC 115 E. Warm Springs Rd. Management 3750 Las Vegas Blvd. S. Suite 140 2600 W. Harmon Ave. Las Vegas, NV 89109 Las Vegas, NV 89119 Las Vegas, NV 89109 702.590.3250 702.215.4670 702.590.2332 Ailie Billingsley Linda Gorman-Visalli Roseanne Ficken Director of Residential Services Division Manager Director of Hotel Operations [email protected] [email protected] [email protected]

Move-In Coordination Ailie Billingsley Bruce Heckman Lauren Archer Property Orientation Director of Residential Services General Manager Vdara Owner Services 702.590.3250 702.590.0990 702.590.2332 Michael Tuesca Residential Concierge Manager 702.590.3252

Property Concierge Mandarin Oriental Concierge Veer Towers – East Concierge Vdara Concierge 702.590.8883 702.590.0950 866.391.7111 Veer Towers – West Concierge 702.590.0970

Homeowner Customer Homeowner Services Manager Homeowner Services Manager Coming Shortly. Care 702.590.8805 702.590.8805 877.359.5153 877.359.5153 Emergency/After Hours Emergency/After Hours 702.590.3161 702.590.8860 luxurycustomercare.com veercustomercare.com [email protected] [email protected]

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, amenities, pricing and locations are subject to change without notice. © 2010 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 (“MOHG”) are in any way developers, owners, 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 and make no representation or warranty of any kind regarding the Residences. The Mandarin Oriental Hotel located within the same building as the condominium is separate from the condominium regime. The owner and developer, CityCenter Boutique Residential Development, LLC and its affiliates, use the Mandarin Oriental names and trademarks subject to the terms of a revocable license from MOHG which may expire or be terminated. For additional details concerning the relationships of these parties please refer to the Nevada Public Offering Statement. 20 45 14

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