Jul 2026 · two paths · same site
Choose your concept
Same flag lot · same Mirage brand · two capital stacks. Concept #1 = fastest bank close. Concept #2 = bridge-adjacent boutique resort with hotel NOI.
Concept #1 · Mirage District
2 PEMB buildings · Mirage hall + 10 retail · no hotel. Active permit set. Minimal cash.
~$1.27Mall-in
~$50kcash @ table
0hotel keys
~$83k+NET/mo path
Concept #2D · Open-Court Resort ★
48 PEMB keys · 299-seat events · restaurant + retail · five revenue engines · NOLA overflow.
~$3Mall-in
~$250kcash @ table
48hotel keys
~$160kstacked NET/mo
Side-by-side
| Concept #1 | Concept #2 | |
|---|---|---|
| Loan | ~$1.07M | ~$2.75M |
| Build | PEMB hall + retail | 64 containers + Mirage/lobby |
| Location pitch | Manhattan corridor | Bridge-adjacent · ~10 min CBD |
| Permit status | Rev 4 set active | Pre-app pivot |
| Stabilized ARV | ~$6M–$8M | ~$8M–$12M |