There's a big story out of the Las Vegas Review Journal today where a Los Angeles financial executive stated that less than 20 percent of the proposed Las Vegas high rise condos will ever get built. And this is news? We've been saying that for awhile now, as has just about every industry expert.
David Rifkind, prinicipal of GSP Rifkind Capital Advisors states that even developers who have the financial and technical resources will have trouble finding general contractors willing to take on such lofty projects. And he's right, unless those developers are named Turnberry, MGM, Maloof, or even Trump.
That's why it's so important to get into the right project. And what defines the "right project"?... it means one that will actually get built. Trust me on this one - it doesn't matter what phase you get in on as long as everything about the project is strong. Remember 10% of something is better than 100% of nothing. I'll take Tower III of the MGM Residences in any phase over phase 1 Aqua Blue anyday.
With more than 175 residential towers comprising 47,500 luxury high rise condo hotel units in the works, it's easy to get overwhelmed with each project's hype. And while many high rise developers have shown excellent marketing expertise, the ones who have the technical knowledge required to successfully deliver the product remains to be seen.
We're here to help you make that choice. Take your first step to Las Vegas high rise condo hotel ownership by filling out our high rise form and you'll be well on your way towards that top 20%.
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