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Wednesday, May 04, 2005

MGM Grand Begins Construction on Second Tower

Construction on the second tower of MGM Grand's "The Residences" Condo Hotel is underway at the northeast corner of the MGM's 116-acre property. The 40 story, 576 unit luxury condominium tower is currently 95% sold and appeals to those looking for a part-time or full-time residence providing access to some of the most coveted dining and entertainment not just in Las Vegas, but perhaps in the world. Combining the exclusivity of a condo community with the permier amenities of the MGM Grand Hotel including 5 outdoor pools, a 30 treatment room spa, and a fitness center, the developers of the project hope to create one of the most sought-after residential lifestyle opportunities in Las Vegas.

Besides HDTV's, high-speed internet connectivity, as well as an owner's lock out closet, these fully furnished units will feature amenities such as crown moldings, raised -panel wood doors, granite counter tops, imported Italian kitchen cabinetry, spa tubs, carpeted bedrooms, Sub-zero refrigeration and Meile appliances. In addition, Each of the development's three towers will have a fitness center, concierge, staffed lobby, swimming pool, and 24 hour security.

Sales began recently on the third tower of the project, offering studio, one, and two bedroom combo suites, ranging from 600 to 1,600 square feet and priced from $450,000 to more than $2 million. Contact me if you would like information on purchasing a unit in the third tower for yourself either as an investment or as an owner-occupant.

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