In the growing trend of luxury hotels making their home in Las Vegas, Starwood Hotels and Resorts Worldwide has announced plans for a $1.7 billion development just off the Strip near the Hard Rock Hotel. Starwood is joining with Edge Resorts in a project that will involve a mix of approximately 3,000 hotel and residential units. There will also be a 75,000 square-foot casino, along with 300,000 square feet of meeting space and additional shops. It's slated to open 2008. The project will sit on 21 acres located just east of the Las Vegas Strip on Harmon Avenue and Koval.