IDB Development Corp., the largest holding company in Israel, has become an investment partner in the One Queensridge Place high rise with current developers Peccole Nevada Corp. and Executive Home Builders. Perini Construction and JMA Architecture round out the current players in the Las Vegas high rise condo project.
Financial terms of the IDB deal were not disclosed, but the company is also investing in The Village at Queensridge and in a vacant parcel of land near the exclusive Queensridge master-planned community. Anyone who knows anything about the Queensridge area knows how nice the area is, so building the luxury high rise - which is currently 65% sold at pricing starting at $1.2 million - makes complete sense.
Especially with the kind of financial backing IDB brings. First phase construction on the high rise began in April and will consist of 2 18-story towers with 219 high-end luxury custom condos. When the project's complete, One Queensridge Place will have 385 condos in one 14-story tower and three 18-story towers.
You know they're getting built. You know the financing's in place. You know the area's top notch. Now all you need to worry about is the pricetag - but if it's in your range, you definitely need to look into this for the utmost in high-class living in the Las Vegas valley.
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