Company executives for Fontainebleau Las Vegas made the announcement Tuesday morning, more than a year after the company publicly set a goal to open before the end of 2023.

In a statement, chief operating officer Colleen Birch said the long-awaited resort on the north end of the Strip represents “a rich heritage of luxury hospitality, chic elegance and unforgettable experiences.” The announcement marked the beginning of hiring efforts for a 3,700-room resort and casino that is expected to create thousands of jobs.

Named after Miami Beach’s 1950s-era Fontainebleau hotel, the luxury resort is one of the tallest buildings in Las Vegas.

Construction on the 67-story Fontainebleau Las Vegas began in 2007 amid the U.S. real estate bubble and was expected at the time to open in October 2009, but work stopped when it went bankrupt during the Great Recession. The project stalled for years.

In the decade that followed the original project’s collapse, ownership changed hands several times. In 2018, the resort even got a new name, Drew Las Vegas, after Steven Witkoff and Miami-based investment firm New Valley LLC bought it for $600 million. But the rebranded project was short-lived: Construction was suspended in March 2020, when the coronavirus pandemic triggered Nevada’s statewide shutdown.

A year later, the blue tower project came full circle after it was reacquired by Jeffrey Soffer, one of the original Fontainebleau Las Vegas developers. At the time, Soffer estimated the property was 75% complete and said it was in “mint condition.”

“We are grateful to have the opportunity to finish what we started and finally introduce the iconic Fontainebleau brand into one of the world’s largest hospitality destinations,” Soffer said in late 2021.