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Just when you think things can’t get any bigger, a new multibillion dollar luxury Las Vegas resort is in the works. And this one is special for many reasons. It could be one of the most extravagant the city has ever seen, as well as one of the tallest buildings in Nevada.

LVXP, a prominent Las Vegas real estate developer, is moving forward with the luxury Las Vegas resort, which could become the tallest resort in the city, sitting where the 27-acre Wet ‘n Wild waterpark used to be. The project is described by the company as a ultra luxury destination with 2,500 rooms.

The land in question has previously been the subject of other proposed ventures, including the Jackie Robinson All Net NBA Arena project. With ongoing discussions surrounding the potential introduction of a professional basketball team to the city, a cutting-edge NBA-ready arena within this resort complex is being considered.

Developers have already reached out to the renown Las Vegas-based architectural firm, Steelman Partners. They have designed iconic casinos and resorts worldwide, including Circa in downtown Las Vegas and Crockfords resort at Resorts World on the Strip. Leadership at LVXP asserts that this establishment will set a new standard as the city’s premier seven-star property.

Envisioned as a comprehensive luxury Las Vegas resort, the project is slated to feature a full-fledged casino, an expansive arena capable of accommodating up to 20,000 attendees for concerts and sporting events, technologically advanced guest rooms, an array of retail outlets and dining options, underground parking facilities, and a convention center.