Four Multimillion-Dollar Las Vegas Restaurants in the Works

Pandemic, schmandemic. Despite the ongoing financial challenges faced by restaurants during the COVID-19 crisis, Las Vegas is still doing what it does best: Spending a metric ass-ton of money on new restaurants.

At least four high-profile restaurant projects have been announced, and these big dollar offerings are giving us a lot to look forward to in 2021 and beyond.

Each of these restaurants is budgeted in the neighborhood of $4 million. Let’s take a look at what’s in store.

1. Amalfi at Caesars Palace: $4 Million

Mesa Grill was a beloved fixture at Caesars Palace (it closed Nov. 14, 2020), but every Las Vegas restaurant has its season.

Celebrity chef Bobby Flay is bringing an all-new Italian seafood concept, Amalfi, to Caesars Palace in spring 2021.

Construction is estimated to cost $4 million. The only way we can see making that investment back is if there’s a chicken parm dish and we dine at Amalfi three times a week.

Don’t let us down, Bobby.

Amalfi Caesars Palace

While we are not a seafood person, we are definitely a pasta person, and we can’t wait to fill up on bread.

2. Umi Uma Japanese at Resorts World: $4.2 Million

Resorts World is spending money like it’s the 1980s, and they’re sparing no expense for Umi Uma, a Japanese concept.

“Umi Uma” means “seahorse” in Japanese. We trust those will not be on the menu.

While Resorts World has shared details about a number of its venues, Umi Uma hasn’t been officially announced yet.

With that price tag, we trust it’s going to make a splash. Resorts World opens in summer 2021.

Resorts World Las Vegas

Resorts World is one of the biggest gambles in the history of Las Vegas. No risk, no reward.

3. Strip Olive Garden: $3.8 Million

We are not making this up.

There’s an Olive Garden planned for the Las Vegas Strip and it’s expected to cost nearly $4 million.

Make fun, but we’re ready to contribute a good portion of that in breadstick purchases alone.

The new Olive Garden will take up residence above a Target at Showcase Mall across from Park MGM (formerly Monte Carlo).

While Olive Garden may take some hits from Italian cuisine purists, there’s no denying it’s a crowd-pleaser, and much less a gamble than some of these other pricey restaurants.

Olive Garden

Don’t tell people what they should enjoy. Unless you have a blog, of course.

4. Nusr-Et Steakhouse: $4.5 Million

Easily the oddest entry on this list, it seems restaurateur Nusret Gokce, better known as Salt Bae, is bringing a two-story steakhouse to Las Vegas.

The steakhouse will have a hefty $4.5 million price tag, but that shouldn’t be too big a nut given Gokce is known for selling $1,000 steaks wrapped in gold foil.

The new restaurant will presumably move into a vacant spot at The Park, a sort of restaurant row near T-Mobile Arena at Park MGM.

“Salt Bae” opened a Boston outpost in Sep. 2020, but it got off to a rocky start. Still, Vegas loves colorful characters, so Gokce should fit right in.

We have no idea how this restaurant’s name is pronounced, but if you’re a fan of someone salting your meat off their hairy forearm, Nusr-Et is one to watch.

Nusr-Et Las Vegas

We’ll take a new steakhouse over an empty space all bae long.

Las Vegas has never been known for self-restraint, but it’s amazing these big budget restaurants are in the works despite recent events.

Thanks to our friends at Eater Vegas for keeping everyone abreast on all things restaurant in Las Vegas and for digging up all the scoop related to these construction budgets.

There’s apparently a lot of optimism about a post-pandemic Las Vegas recovery, and nobody wants to miss out on a potential windfall.

Whether half-baked wishful thinking or prescience, we love new, shiny Las Vegas things, so we can’t wait to see these new restaurants spring to life.

13 thoughts on “Four Multimillion-Dollar Las Vegas Restaurants in the Works

  1. JP

    It is kind of sad but it is likely this Olive Garden will be pretty popular. As casinos refuse to give customers any reasonably priced options anymore and they continue to nickel and dime their clientele the strip properties for the big chains will succeed. The McDonalds next to Harrah’s constantly has a line out the door while you can easily walk right up to the counter at the Fulton Street Food Hall and pay $8 for a mediocre slice of pizza. This is why places like CVS have been so successful on the strip, why pay the casino prices for beer/water/snacks when you can walk a little bit and get a significant discount? Gee I wonder why Vegas hasn’t been doing as well even prior to the pandemic, maybe the casinos should charge me a fee to think about it.

    Reply
    1. William Wingo

      I haven’t been in an OG in years, but IIRC they once had an “unlimited soup & salad” option, with three different kinds of soup. Even if the price has gone up some, that could give an “all-you-can-eat-for-$65” buffet some competition.

      Reply
  2. Mike Alexakis

    I like Olive Garden, they dole out endless salad, nobody else does that… But 3.8 million? Maybe if the Superintendent is Tony Soprano, and he is giving coveted no-show jobs to Chris and Paulie Peanuts… I am just a schmuck on the internet, I could do that job and hire Michelangelo to do the ceiling and Sofia Loren as Hostess and still bring that in under budget. Nobody goes to Olive Garden for the atmosphere. And 4 million to build a restaurant at Caesars where there was already a fine one in the same space? I will eat there if they install a waterslide through a shark tank, oh sorry, that already exists, maybe they will put in tide pools teeming with Morey Eel’s… This is Las Vegas, maybe they are trying to get, you know… Publicity…

    Reply
    1. Jackson

      Olive Garden’s prototype restaurant (where they test everything from decor to new menu items) in Orlando is 7,700 square feet. I’ve eaten at that location several times. It’s bigger than a “normal” location.

      According to the linked Eater article, the new Vegas Olive Garden will be 12,564 square feet. So, I’d guess it will be 2 to 2.5 times larger than normal.

      A quick glance at the internet says commercial construction costs for restaurants range from $150 to $750 per square foot. If the $3.8 million figure is accurate, that makes this Olive Garden about $300/square foot.

      That’s probably not a crazy figure given the high-profile nature of this location. As JP notes, this place will probably be wildly successful. I’m sure they will make back that $3.8 million quickly.

      Reply
      1. Mike Alexakis

        Ms Loren was ready to go before you threw that truth bomb, she is going to be bummed, her mistake for listening to an internet schmuck… Try and be nice to her replacement, those are large shoes to fill…

        Reply
  3. Bill Hampshire

    If Vegas can just hang on it may get all of this lost revenue back and more when we enter into a new Roaring Twenties.
    I expect another long hot summer but autumn should bring the party back to town.
    2022 should be a monster year for entertainment of all sorts.
    We will all be starving for it by then.

    Reply
    1. Scott Roeben Post author

      This whole “roaring ’20s” theme isn’t based upon reality at all. It’s optimism, and while there is likely to be a rebound, it’s unlikely to be sustained as visitation was down prior to the pandemic.

      Reply

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