If you listen to mayor Oscar Goodman, relaxed zoning will pave the way for downtown Las Vegas revitalization, providing for more non-gaming venues such as coffee shops, jazz joints, taverns, nightclubs, boutiques, and comedy clubs to create an enhanced urban lifestyle setting. The redevelopment plan features several unique neighborhood districts, including art, entertainment, casino, office, and performing arts districts, to go along with the 12-million square foot World Market Center and the Premium Outlet mall with over 120 shops and restaurants.
Of course, high rise condos will be part of the action as well, with many projects proposed for the area. While there are many current options for downtown Las Vegas high rise condo ownership, the Streamline Towers will be the first luxury high rise project built in the heart of the new six-block proposed districts previously mentioned. Located by the Neonopolis Entertainment Complex and the Fremont Street Experience, Streamline Tower will feature private balconies, 10 to 12 foot ceilings, a rooftop pool, a spa, terrace views of the strip, a fully equipped fitness center, private secured parking, 24 hour concierge service, a 16th-floor club house, and 11,000 square feet of neighborhood retail space.
The developers of Streamline Tower plan for 251 luxury residences in its 21-story building and will offer an onsite leasing program for nightly, weekly, and long-term rentals, making this a "condo hotel" project ideal for investors. Prices range from $425,000 to $1.1 million, and condos range in size from 756 square feet up to 1,889 square feet depending on your bedroom / bathroom requirements.
If all this sounds pretty good to you, it gets even better from an investor point of view in that the contacts are assignable as well. Very few, if any, high rise condo hotel projects in Las Vegas allow this option. And it's a huge bonus. The assignability of the Streamline Tower contract makes this project a very viable option on your high rise shopping checklist - and it's the number one reason why Streamline should be your number one downtown pick at the present time.
Streamline requires a 15% down-payment placed in escrow at contract and the project completion date is anticipated for January/February of 2007. The project has already broken ground and is fully backed and funded by Barclays Bank. Contact me or call me at 702-336-5554 for more details and unit availability so you can get in on this highly ranked downtown high rise opportunity.
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