Tao Group, the nightlife and restaurant kingpins of Las Vegas, and the Palms announced plans to back out of a deal to open a restaurant, nightclub, and pool party at the westside resort in early 2019.
A publicist sent out a statement on behalf of the Tao Group and the Palms: “Red Rock Resorts, Inc. and TAO Group announced today that they have jointly agreed to terminate the agreements previously entered into by the parties in connection with the dayclub/nightclub and a restaurant that are scheduled to open around the end of the first quarter in 2019 at the Palms Casino Resort. The terms of the agreements are confidential, but no payment will be required of either party under the agreements.”
Tao Group — which already has Tao at the Venetian, Lavo at the Palazzo, and Marquee and Beauty & Essex at the Cosmopolitan — last year announced plans to open what it dubbed the “largest dance music venue in Las Vegas.” Tao Group partner Noah Tepperberg last year told Eater Vegas that the plus 100,000-square-foot was going to provide a “one-stop shop” with a dayclub, nightclub, and restaurants.
The already-under-construction 29,000-square-foot nightclub also featured a 73,000-square-foot pool club that planned to stay open year-round with room for 5,000 revelers.
Tao also wanted to open Vandal, its New York City restaurant from Chris Santos of Beauty & Essex fame, at the Palms.
No word on what will replace those venues, but all will open in early 2019.
In the meantime, Philadelphia chef Marc Vetri still plans to debut Vetri Cucina at the top of the Palms in November while Michaely Symon brings Mabel’s BBQ as well. Bobby Flay also plans to open a seafood restaurant at the resort next year.