And, because this is Las Vegas where overstimulation is the sales pitch, it will feature audiovisual shows in each 40-person pod designed to complement the views.
Codiga, who previously worked for the theme park company Universal Studios, said he doesn't want visitors to get bored as the ride ascends and descends.
Tickets will be comparable to the London ride, which costs about $30, according to Caesars spokeswoman Christina Karas. She declined to say to how much it cost to build the ride.
The High Roller is not the only big wheel jostling for a place among the volcanoes and dancing fountains of the tourist corridor.
A rival company is building SkyVue, a 500-foot observation wheel across from Mandalay Bay at the southern end of the Strip that will feature video screens broadcasting ads. That project is expected to open in mid-2015, according to developer David Gaffin.
Last spring, a group of developers revealed plans for a third wheel - the London Thrill - near the CityCenter complex in the middle of the Strip.
The High Roller will also likely have to surrender its tallest in the world title before long. Another monster wheel is looming in New York City, where Mayor Michael Bloomberg announced plans last year for a 625-foot ride on Staten Island's waterfront.
Other wheels may grow taller, Codiga said, "but the High Roller will allow you to float over Las Vegas."