Las Vegas High Rise Condos

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CondoCasts Showcase the Uniqueness of Your Las Vegas High Rise Condo Projec
2007-06-27 00:15:00
For all you Las Vegas high rise condo developers out there, do you want to know how to better market the originality of your high rise condo hotel project? Consider employing a "Condo Cast" as part of your marketing strategy. They're totally professionally done, amazingly affordable, and get your message across so much better than those "cool" websites the so-called "marketing pros" at many web development companies offer. Here's an example of what I'm taking about:I personally know the principals involved in the creation of these movies and can vouch for them with the utmost in confidence. Note the high video quality, quick download time, and professionalism of the presentation itself. Nothing else comes close - plus, once a CondoCast is done, you can add it to your own website, use them as email marketing pieces, and really show off your concept in a way that certainly showcases your Las Vegas high rise condo as a unique investment.Developers are spending tons of money each mon...
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Verge Downtown Las Vegas Condo Buyers Spellbound with Mid Rise Project's Ma
2007-06-21 04:22:00
So what was it that made the recent 229 unit one-day sales record at the Verge mid rise condo project in Las Vegas so magical? Was it the $149,900 pricepoint and the ease of terms to buy a unit?... Or was it the fact that the Verge project was nominated for the "Best Architectural Design and Achievement" award by the Best of Nevada Real Estate awards?... Maybe the educated public is doing their homework in comparing the profitability potential of downtown Las Vegas high rise and mid rise condo projects versus their higher cost Strip condo counterparts?...Or perhaps it's just the magic of the Verge's developer, Darren Dunckel. After all, he's married to Erin Murphy who just happens to have played the original "Tabitha" character in the classic TV show "Bewitched". (And how ironic that she actually married someone named Darren!). As Elizabeth Montgomery's witch daughter in the series, Tabitha would twitch her nose with her finger, and amazing things would happen. However, in reali...
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Downtown Las Vegas' Verge Mid Rise Condos Sells 229 Units in One Day!
2007-06-19 23:56:00
Remarkable! Unbelieveable! Incredible! Choose your own superlative. Either way, it's true - last week, the Downtown Las Vegas ' Verge mid-rise condo project sold 229 units in a single day. And that's not just refundable reservations, those are totally bona fide hard contract sales. Now obviously, something good has to be happening downtown when a condo project can sell 74% of their development in one day. And I know what you're probably thinking (I was thinking this myself when I originally heard the news) - Oh, they brought in one of those investment groups who negotiate tremendous terms with developers in exchange for the ability to flip their contracts without ever having the intention of closing. (which, by the way, is an excellent means for investing in preconstruction projects)But, no. The real story is how Verge marketed this event so that individual buyers waited in lines actually crawling over each other at the chance to snag units starting at $149,900 with more than 300...
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High Rise Condos and Mid-Rise Condos Are Successfully Transforming Downtown
2007-06-18 06:19:00
Okay - very important... I want you to stop wwhatever it is you're doing, grab a cup of coffee, and take 10 minutes out your busy day to read this article published today in the Las Vegas Review Journal. It's basically validation for all the bullish posts I've been making on this blog for the past year or so regarding Downtown Las Vegas high rise and mid-rise condos. The article talks about how projects such as SoHo Lofts, Newport Lofts, Streamline Tower, and Juhl have been so impressive in the progress of their respective developments with realistic (and sometimes bargain) prices compared to their high rise condo hotel competition located on the Las Vegas Strip or close to Las Vegas Boulevard.Whether you're an investor or looking to live in a Las Vegas condo yourself, I don't know how much clearer it can be that downtown's the place to go for value. And that's not me saying it this time - it's right there in print for you. If you've visited the Gaslamp Quarter of San Diego...
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Las Vegas High Rise Condo Hotel Project Fountainebleau Gets A Huge Financia
2007-06-08 22:13:00
Yesterday, we had further proof that major investments were being made on high rise condo projects on the Las Vegas Strip. Today comes word from the Las Vegas Review Journal that Fountainebleau Resorts has secured $4 billion dollars in financing to complete their $2.9 billion Fountainebleau Las Vegas, currently under construction at the corner of Las Vegas Boulevard and the Riviera. The Bank of America, Merrill Lynch, Deutsche Bank, and Barclays are some of the financial institutions involved in the deal. I'm thinking analysts at these major institutions probably know a lot more about the potential Las Vegas holds than does the national media, who continue to write articles behind their desks 2000 miles away saying how overvalued Las Vegas is. The Fountainebleau will be a 63-story mixed use project on 25 acres scheduled to open in the fall of 2009. Included in the project is a 100,000 square foot casino, a performing arts center, retail, restaurants, convention space, and 3,889 con...
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Firm Acquires Land to Build the Las Palmas Hotel and Residences Las Vegas H
2007-06-07 18:55:00
What do you do with $2.5 billion dollars? How about securing a 13-acre parcel located just off the Las Vegas Strip and developing the city's largest non-gaming hotel. That's exactly what the Peebles Corp is doing by buying the land on Paradise Road directly across from the Wynn Golf Course for $65 million.The recently announced Las Palmas high rise condo project will consist of four 55-story towers designed by the architectural firm Arquitectonica and contain 800 guestrooms and 1,000 condos in addition to retail, fine dining, and commercial space in addition to lay claim as being Las Vegas' lone five-star non-gaming hotel.Don't let anyone tell you the Las Vegas high rise condo marketplace isn't growing. I see 2.5 billion reasons to back that statement up. We'll keep an eye out on further details on this project as they become available.
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The Pinnacle Las Vegas High Rise Condo Resort Looking Great from All Views
2007-06-05 21:46:00
Rosie O'Donnell has left "The View", but the view that has Las Vegas talking is that from the Pinnacle Las Vegas high rise condo resort project located directly across from the Orleans. Ask Steve Stallworth about that view. Steve was the winner of our "Guess the View" blog contest and was the first to correctly answer the trivia question, and for that, he'll receive a complimentary round of golf at the Spanish Trail Golf and Country Club.Slowly but surely, the 12-acre Pinnacle is taking claim to being the best off-strip condo resort/hotel opportunity in Las Vegas. With a completely original architectural design including three levels of suspended bridge suites, and reaching over 400 feet high, the Pinnacle's two 36-story high rise towers are sure to become Las Vegas' most distinctively designed and thoughtfully planned development.The Pinnacle offers 1,100 residences comprising of 1, 2, and 3-bedroom suites, at pricing starting in the low $400Ks, Also available are 2-story penth...
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BloggerView: Vanessa Harbers - Trump Las Vegas
2007-06-04 16:53:00
This week, our BloggerVew features Vanessa Harbers from the project that's synonomous with brand awareness, the Trump Las Vegas high rise condo hotel. On the heels of Donald Trump's recent visit to Las Vegas, here's how Vanessa answered our BloggerView questions:Q: Tell us a little about your background and how you ended up at the Trump project.I was working for another developer in Las Vegas and heard that Trump was coming to town. I knew the project would be incredible and made certain that I did my best to become part of the team. Q: What is the current status of Trump Las Vegas?The building has been topped off. We are at the full 64 stories and the exterior glass is almost complete. The property is anticipated to be completed in the first quarter of 2008. A second Tower has just been released for reservation and Tower II is anticipated to be completed at the end of 2010.Q: What are the unique features of your project that sets it apart from the other projects in town?The Trum...
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BloggerView: Mark Chatow - ManhattanWest
2007-06-01 17:25:00
What a great way to start off the new month. For today's Blogg erView, we met with Mark Chatow of the ManhattanWest mixed-use condo project in Southwest Las Vegas. Read how Mark answered our questions below:Q: Tell us a little about your background and how you ended up at the ManhattanWest project.In the early 90’s I started a consumer products company with two partners shortly after graduating from law school at USC. I was fortunate enough to help it grow to #25 on the Inc 500. We sold the company in 2000 and I later bought a well known day spa in Los Angeles. With the spa running smoothly, in 2006 I began to look for other opportunities. Gemstone was looking for someone with an entrepreneurial approach to sales and marketing, and I had always been interested in real-estate development. I came on board in May, 2006 and have primarily spent the last year crafting the sales and marketing effort for ManhattanWest. Q: What is the current status of ManhattanWest?ManhattanWest is curre...
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BloggerView: Emily Hafey - One Las Vegas
2007-05-31 16:50:00
For our next Blogg erView, we spoke with Emily Hafey, sales manager for the One Las Vegas high rise condo project located on the South Strip. Here's how Emily answered our BloggerView questions:Q: Tell us a little about your background and how you ended up at the One Las Vegas project.Before ONE, my background was in general real estate and retail management. My passion has always been luxury high rise condominiums! The magnificent architecture, amenities, culture, and lifestyle that they offer are a few aspects that convinced me that there is no better product available. In just over a year I have not only had the exciting opportunity to sell the best luxury resort-style condominium project in town, but I have watched it grow from the ground floor up. Standing on the rooftop of Tower 1 gave a whole new meaning to the phrase “breathtaking” and I am so proud of what has been and will be accomplished.Q: What is the current status of One?Towers 1 and 2 have both topped off and the...
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BloggerView: John Eisele - Juhl Las Vegas
2007-05-29 17:04:00
After a tremendous Memorial Day weekend, let's start off the week with a Blogg erView of John Eisele, the sales manager of one of my favorite projects, Juhl a mid-rise condo project located in downtown Las Vegas . Here's how John answered our BloggerView questions:Q: Tell us a little about your background and how you ended up at the Juhl project.Originally from NYC, I served as the Customer Service Director for AIG for almost 10 years. After this assignment, I chose to move to Las Vegas to pursue a career in real estate. After working in general real estate for several years, I decided to work for a new home developer. Being a fan of urban environments in tandem to the my knowledge of the forthcoming renaissance of downtown Las Vegas, I wanted to have an opportunity to help change the face of the city and as such, joined the juhl team as their Sales Manager.Q: What is the current status of Juhl?Juhl is currently in hard contract and under construction. We are nearing 70% of the com...
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BloggerView: Bea Goodwin - The Allure Las Vegas
2007-05-23 20:17:00
The third time's a charm, so for our 3rd Blogg erView, we present Bea Goodwin of the Allure Las Vegas high rise condo project. Here's how Bea answered our BloggerView questions:Q: Tell us a little about your background and how you ended up at the Allure project.I am a passionate believer in the future growth of luxury high-rise in Las Vegas! I had the pleasure of serving as the Director of Marketing for Sky Las Vegas before joining International Sales Group and Fifield on the Allure project in December of '05.Q: What is the current status of Allure?Our tower exterior is complete and interior finishes are moving ahead swiftly. Knock wood - but we are on target to begin delivering the lower floor units to our buyers in September. Q: What are the unique features of your project that sets it apart from the other projects in town?Certainly builder reputation - as Fifield has built over FIFTY highrises throughout the country. But that's just the tip of the iceberg. The floorplans are...
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ManhattanWest Scores Highly With Their Las Vegas Preconstruction Condo Deve
2007-05-21 23:36:00
Gemstone Development is capitalizing on the tremendous success of their ManhattanLV project by the development of a brand new project in the Southwest area of the Las Vegas valley called ManhattanWest. Situated in the heart of the new Las Vegas Wellness West medical region, the 20 acre preconstruction mixed-use project is set to break ground officially tomorrow (May 22nd, 2007) and will consist of 700 luxury residences with over 19 floorplans to chose from.And after visiting their sales office this morning, do I have a deal for you!!!Studios, 1, 2, and 3 bedroom units are available with perhaps the best price-points in Las Vegas for the quality and amenities you'll get from this project, starting from the $200Ks to the high $500Ks. These condos will have it all - yoga, pilates, aerobics, personal training services, a sauna, spa treatment rooms, an art gallery, car wash service, housekeeping, dog walking & cat feeding services, amazing views of both the Strip and Red Rock, nutri...
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What A Las Vegas High Rise Condo View!
2007-05-19 00:36:00
The following are views you'll get from the second floor of a MAJOR Las Vegas high rise condo project. That's right, read that last sentence again... THE SECOND FLOOR!!! And that's no exaggeration: Wouldn't it be great to own this very same view? So here's my challenge to you: From the list of the Las Vegas high rise condo projects found here, can you tell me which one boasts these incredible views?First correct answer gets a comp'ed round of golf for two at the Spanish Trails golf course, courtesy of the project developer. Plus, I'll get you access to the deal of the century in this very same project! The winner will be announced June 1st so be the first to contact me NOW with the right answer!
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BloggerView: Lance Bazil - Verge Living
2007-05-17 04:27:00
This week's Blogg erView features Lance Bazil, director of sales from the Verge mid rise condo project in downtown Las Vegas. Here's how Lance responded to our questions:Q: Tell us a little about your background and how you ended up at the Verge project.I have been in real estate for 13 years. I started out selling deeded vacation ownership on the Las Vegas Strip. I spent 4 years in the mortgage business and have been selling mid-rise and high-rise condominiums for 6 years. I was introduced to Mark Stark, owner of Prudential Americana, at the grand opening for Luxe Lofts. He told me they had a High Rise Division and put me in touch with Todd Grotstein (Director-High Rise Division). One thing led to another and I accepted the Director of Sales position for VERGE.Q: What is the current status of Verge?We are currently accepting reservations with a $2000 fully refundable deposit. We will start converting reservations to purchases on June 2nd at our Selection Event. Buyers will only ha...
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W Las Vegas High Rise Project Canceled
2007-05-14 19:07:00
The big news coming out this weekend was the demise of the W Las Vegas mixed use high rise condo project. As I commented on the article found in Saturday's edition of the Las Vegas Review Journal, I can't say I'm surprised over this news, but I am a little disappointed as I thought the "W" project had a lot of potential.It's obviously not easy to bring a project of this scale to fruition. Those holding reservations in the project were sent a FEDEX package with their reservation deposit fee refunded along with a lettter that you can read here.But once again, I must reiterate: the failure of some high rise condo hotel projects in Las Vegas is not necessarily a bad thing. It just makes the ones that do get built that much more attractive. So while we say goodbye to the "W" (and who knows what will happen with the land and whatever new project gets announced over there), let's give some credit to the Trumps, Cosmos, Allures, Skys, Streamlines, Residences, Turnberrys, Juhls, and of ...
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BloggerView: Jeff Schoor - The Residences at MGM Grand
2007-05-11 20:09:00
Our inaugrual Blogg erView spotlights Jeff Schoor from the Residences at MGM Grand high rise condo hotel project in Las Vegas. Here's how Jeff responded to our questions:Q: Tell us a little about your background and how you ended up at the MGM Residences project.In real estate for over 13 years, I started selling homes in Las Vegas in 1994 and in 1998 began to specialize in Summerlin Condominiums selling them until 2004 when I was hired at MGM Grand Residences. I ended up discovering MGM accidentally when I was shopping Turnberry for a community I was working on in Summerlin. Met the Director of Sales and Marketing Dan Riordan, he told me about a new conceptual community at MGM and I flipped. I drove him crazy until he hired me. It was the best move I have ever made and is an honor to work for Turnberry.Q: What is the current status of MGM Residences?Two towers are completely sold out and operating and 95% sold on our third and final tower which closes at the end of this month.Q: Wh...
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Announcing Las Vegas High Rise Condo "BloggerViews"
2007-05-10 18:38:00
The best thing about authoring a high rise condo blog such as this one is the tremendous feedback and suggestions I get from my readers. As Frasier Crane would say, "I'm listening..."... And as a result of your suggestions, I've decided to add a feature to this blog called "BloggerView" where I'll be interviewing those involved with each high rise project in town and posting each interview as individual articles.I think it'll be a good way to get information on each project, straight from the source. I'm sure you'll find these features interesting and informative. Keep those suggestions coming! And don't forget to register with us (there is absolutely no obligation and it's free) to secure your place in the Las Vegas high rise marketplace. And finally, if you're involved with any Las Vegas high rise project and would like to be considered for a BloggerView, please let me know and I'll send you a questionnaire.
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Trump Announces Reservations Available at Second Tower
2007-05-07 17:50:00
Reservations for the second tower at Trump are finally here and within days of the announcement, over 400 units have already been reserved. Now that's acting quickly!The second tower will be located northeast of the existing one and will mirror its gold glass exterior and 64-story height. Although details regarding specific floor plans and units are still being finalized, the building will offer meeting and convention facilities, outdoor pools and sundecks, a fitness center, shopping, and dining - all done in typical Trump fashion. All guests and residents will have access to 24-hour security, valet parking, and a traditional doorman. Las Vegas locals can see the outstanding construction progress of Tower I construction, which is nearly sold out and is expected to open in early 2008 as the drive by the site every day. Tower II should be no different.With 1,282 units now available for reservation (well, actually 882 right now) of Studio and 1-bedroom units (as well as select one, tw...
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Open Bar at the Verge Condo Project in Las Vegas
2007-05-02 19:53:00
Not doing anything Thursday night, May 10th? Well now you are!The Verge Condo project is having an open bar at their lifestyle center located in downtown Las Vegas on the corner of Main and Bonanza from 6pm to 9pm. If nothing else, it'll be a chance to get a good overview about what the project's all about and a good way to meet the people who are bringing the project to fruition. Residences at the Verge start at $149,000, which as you probably already know is about as low as you can get for a quality condo project here in town. So contact me if you'd like to attend the open bar event, and I'll get you on the list.
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Hold your High Rises!
2007-04-20 23:30:00
I received a call the other day from a high rise condo investor who posed an interesting question: "I'm not sure whether I should just sell my unit or get out of my contract completely. What do you think makes most sense?"Perhaps it's a good time to reiterate my thoughts to the masses on high rise condo hotel investing in Las Vegas. In my opinion, investors should not be thinking "flip" when they make the decision to purchase a high rise condo unit. There are very few projects in town right now that the "buy and flip at closing" strategy makes sense. For starters, the Las Vegas high rise marketplace is so new, there are no historical guidelines to go by to determine what high rises will sell for in the short-term. That being said, for the investor who makes a decision to purchase and hold for a few years, high rise investing in Las Vegas could prove to be quite lucrative.Remember that just about every high rise project in town will require you to close. Assigning your unit before ...
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Australian Firm Buys Into The Fountainbleau High Rise Condo Hotel Project o
2007-04-18 01:02:00
Will the $2.8 billion dollar Fountainbleau high rise project in Las Vegas ever get moving and eventually get built? It might, now that Australia's largest gaming operator just bought a 20% stake in the development. Publishing & Broadcasting Ltd, owned by James Packer will now be a partner with Fountainbleau Resorts (aka Turnberry) in the development of the proposed 63-story hotel casino, comprised of 3,889 hotel rooms and high rise condo hotel units. The developer says the project will open in the fall of 2009, but that seems like a very ambitious timeframe. However, a lot can happen when you bring $250,000 million dollars to the table... We'll keep an eye out on the progress of this development.
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Beam Me Up - The Cosmopolitan Las Vegas High Rise Condo Hotel Project Moves
2007-04-11 02:57:00
Purchasers of units in the Cosmopolitan Las Vegas high rise condo hotel project can breathe a sigh of relief now that the first 50-foot high steel beam has been placed on the project. Japan-based steel manufacturer JFE Engineering performed the "ceremony", as placing the steel beam is part of a construction tradition in Japan, designed to ask the local god to make the building sturdy and safe and ensure happiness for the project. The event also included a burying of a time capsule containing engineering drawings signed by Cosmo developer Bruce Eichner and the construction partners.The 8 acre Cosmopolitan site will connect with Project CityCenter on the second floor with a pedestrian bridge over Harmon Avenue. Scheduled to open in late 2009, The $3 billion dollar Cosmopolitan project vision is for two 600-foot towers containing 3,000 condotel units along with a 75,000 square foot casino with 150,000 square feet of convention space, restaurants, shops, and a spa. At this point, 2,000 ...
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Top Ten Reasons Why Your High Rise Won't Get Built
2007-03-30 02:23:00
The number one question I always get from people interested in the Las Vegas high rise condo market is "how can I be sure the project will get built?" And rightly so, since what good is your Phase 1 reservation in a project that won't happen? - And with over 100 projects slated in the Las Vegas high rise landscape, you can be sure many of them won't happen. So how do you weed out the hopefuls from the real thing? Read these top ten signs and see how many you recognize:10) The developer overly reiterates their "committment" to the Las Vegas high rise marketplace. That's nice to hear every once in a while, but if that's a project's "selling platform", you better be concerned. I'd rather have a developer committed to finishing the actual project instead.Real world example: The Related Group committed, not once, not twice, but three times to failed Las Vegas projects and amazingly STILL maintain they're committed to the area. Care to go for number 4? Not me...9) The owners of a h...
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The Recent Buzz Regarding the Downtown Las Vegas Juhl Condo Project
2007-03-27 23:21:00
As you already know, Juhl Las Vegas offers lofts from the $300Ks to the $700Ks with townhomes and penthouses still available. To be seriously interested in this project, you have to buy into the concept of the Las Vegas downtown revitalization vision. That's why I like it - and thats why I think this project is really a no-brainer. (pardon the pun as you'll see below)Here's more proof: Construction has started on the $70 million dollar Lou Ruvo Brain Institute, located just a few blocks from the Juhl condo site. The 67,000 square foot complex is being designed by the world renowned architect Frank Gehry, headed by Dr. Zaven Khachaturian, PhD, and supported by internationally acclaimed researchers. It's projected to open in late 2008. By that time, Juhl owners will have already moved into their first-class loft units and probably enjoying life much better than where they presently are today. First the World Market Center and now this. Downtown 's steadily moving forward. I can't...
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Meet Your Juhl Las Vegas Neighbors
2007-03-26 23:39:00
If you're a future resident of juhl, then make sure you save April 12, from 5:30 – 8:30 pm. and mark down the date. Juhl will be having a cocktail party at the Celebrity Nightclub and Lounge, located on The Block. It’s a great chance to get to know your neighbors, and get a glimpse of what life will be like once you live at Juhl.But don't wait for the party. Get a unit at Juhl today!
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CondoGossip Sponsors Networking Event for High Rise Condo Industry in Downt
2007-03-23 18:54:00
It's good to be involved in the Las Vegas high rise condo market.Last night, I attended a networking event over at the Downtown Cocktail Room in downtown Las Vegas sponsored by the folks over at CondoGossip .com. CondoGossip is a new website launched with the intention of networking with condo professionals, condo owners, prospective buyers, or just about anyone with an interest in the high rise condo market over drinks and entertainment.While enjoying an awesome apple martini, I got to meet the site's owner and developer, Jake, who's got quite an interesting concept and vision for this project.Although based in Atlanta, Georgia, CondoGossip will be making the rounds - Miami, Toronto, L.A. - and judging from the "CondoGossip Representatives" (as you see from the pictures), I'm sure he'll draw a lot of interest. : )And it's no coincidence the event was held in Downtown Las Vegas. As many of the readers of this blog know, downtown is looking to be Las Vegas' destination for soli...
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Allure Las Vegas High Rise Condo in the Homestretch
2007-03-19 17:10:00
Construction on the 428-unit Allure high rise condo located on Sahara Avenue and the Strip should be complete in September, said Fifield Cos. senior vice president and principal Alan Schachtman, adding another notch of success to Las Vegas ' high rise condo market belt. The 41-story high rise tower will cost $150 million to build and contain residences ranging from 671 to 4,400 square feet with prices starting in the mid $500Ks. And units are still available.So, if you want to start living the high rise life in Las Vegas and don't want to wait 2 more years while your unit is being built, consider getting into Allure while opportunites still exist.
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Verge Downtown Condo Project Celebrates their Grand Opening TONIGHT!
2007-03-15 23:18:00
Luckily, readers of this blog are now "in the loop" about Downtown Las Vegas' newest condo project, Verge. With everything that's planned for this community, life at Verge will be anything but ordinary. And the best part? The condos start at prices BELOW $150K!!!Tonight they celebrate their Grand Open ing at their Lifestyle Center at Main and Bonanza. With a $14 billion dollar downtown transformation currently going on, downtown is quickly becoming the place to be. The price is right... the timing's right... Email me with your contact info and I'll register you for this project so you can take advantage of an amazing opportunity.See you at the party!
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Lots of High Rise Condo Action on Las Vegas' North Strip
2007-03-13 00:42:00
Not convinced about downtown Las Vegas growth? Uncertain about getting into Project CityCenter and all the development at the Strip's South end? Well, perhaps the growing North Strip may be just what the doctor ordered. With the recent purchase and redevelopment plans for the Sahara, and with Boyd Gaming getting set to unveil plans for their $4.4 billion dollar Echelon place project, the possibilities are endless for this stretch of Las Vegas Boulevard property. Industry expert Brian Gordon, a partner in Las Vegas-based financial consulting firm Applied Analysis, recently stated that the Echelon and the Sahara could spark a tremendous development wave between the two locations. Since the opening of Wynn, the North strip has seen some significant redevelopment already. Now that the Stardust is set for implosion to make room for Echelon, I predict a CityCenter-like opportunity for the high rise condos that will become available for investors at that site. In addition, you'll probabl...
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