What do you do if you want to enter the Las Vegas high rise condo hotel market but don't have all the money you'll need to do it all yourself? Just partner with someone who does. That's what former timeshare developers Stephen Cloobeck and Steven Molasky have done by forming a partnership called Cloobeck Molasky Partners LLC that specializes in developing high-rise residences on and by the Las Vegas Strip.
Wouldn't it be great to have friends like that? For most people, they need to partner up with friends, family, and fools just to launch their own companies on a shoestring, but the two Steve's intend on building 600 condo units at Station Casino's Red Rock Resort in Summerlin and are actively looking for other sites to build on as well.
It took the partners a year and a half to move forward with the partnership idea. They just responded to a "Request for Proposal" (RFP) from Station Casinos and somehow their condo proposal won out over several other residential home builders trying to capitalize on the high-rise market here in Vegas. Of course Station Casinos won't say who the other developers were that lost, but it wouldn't surprise me if we were to find out that Station Casino's Chief Financial Officer Frank Fertitta plays golf with Cloobeck and Molasky... or perhaps are childhood friends... or whatever.
While the company will begin taking reservations in the next 6 to 9 months, prices for the new condo units haven't been determined yet, but most likely will be in line with the current high rises selling on the Strip. The completion date of the $925 million condo project is scheduled anywhere from late 2007 to early 2008, although the Red Rock Resort is scheduled to open late in the second quarter of 2006.
But if you're a developer, don't fret - Station's is thinking about more deals like this at some of their other casino properties such as Sunset Station, the proposed Durango Station, or even the Wild Wild West Station.
It's supposedly a level playing field, so you better form that partnership quick and keep your eyes out for the fine print in the newspaper for that next RFP. Perhaps you'll get the next sweetheart deal that Cloobeck Molasky Partners won out on this time.
Friday, July 29, 2005
Thursday, July 28, 2005
Cosmopolitan High Rise Condo Hotel Project Looking Up
Back on July 13th, developers of the Cosmopolitan Resort and Casino released the remaining units of their High Rise Condo Hotel project. Besides the project's excellent strip location, the Cosmo project is interesting due to the gaming aspect of the property. It's one of the few proposed high rise condo hotels that will offer their own casino, which will certainly justify a higher-than-average room rental rates for those purchasing the units as an investment.
With studios measuring 600 square feet and priced from $650K to $700K+, the units are not cheap. But some will face the Bellagio fountains and others will face the future MGM Project City Center, which pretty much ensures the Cosmo project of having the best location in town of any proposed Las Vegas high rise project. Plus, with the market moving towards higher costs, you have to expect paying $1,000+ per square foot. Some feel it's a bargain even at that price. With projects such as Aqua Blue and the Majestic cancelling their building plans and/or closing their sales offices due to rising construction costs, the Cosmopolitan is moving forward, thanks mainly to the experience of their development team (including Phil Gutman and Bruce Eichner), who have extensive and successful high rise sales experience in the Miami marketplace.
From a strictly investment condo hotel perspective, purchasing a unit in the Cosmo project is a no-brainer - if you can afford it. Great development team..., great location..., great resources..., great rental aspect...., and probably great unit appreciation as well. Prospective buyers will go right to contract at this point with a 10% deposit and an additional 10% deposit due in April, 2006. The project is scheduled for completion in early 2008.
And it gets better. Phil Gutman recently announced that the front tower of the Cosmopolitan will be released for sale at the end of the summer. Dubbed "Tower EIGHT", the property will feature 1 bedroom corner suites measuring 1,117 square feet with 400 square feet of wrap-around balcony space in addition to "Hudson" type studio suites. Larger residences are being designed for units atop Tower EIGHT as well, which will showcase breath-taking views of the Las Vegas strip, ranging from 2,000 square feet and up.
Cosmo keeps getting better and better. If you're not a Cosmopolitan owner yet, don't wait any longer to act. The end of summer is right around the corner!
With studios measuring 600 square feet and priced from $650K to $700K+, the units are not cheap. But some will face the Bellagio fountains and others will face the future MGM Project City Center, which pretty much ensures the Cosmo project of having the best location in town of any proposed Las Vegas high rise project. Plus, with the market moving towards higher costs, you have to expect paying $1,000+ per square foot. Some feel it's a bargain even at that price. With projects such as Aqua Blue and the Majestic cancelling their building plans and/or closing their sales offices due to rising construction costs, the Cosmopolitan is moving forward, thanks mainly to the experience of their development team (including Phil Gutman and Bruce Eichner), who have extensive and successful high rise sales experience in the Miami marketplace.
From a strictly investment condo hotel perspective, purchasing a unit in the Cosmo project is a no-brainer - if you can afford it. Great development team..., great location..., great resources..., great rental aspect...., and probably great unit appreciation as well. Prospective buyers will go right to contract at this point with a 10% deposit and an additional 10% deposit due in April, 2006. The project is scheduled for completion in early 2008.
And it gets better. Phil Gutman recently announced that the front tower of the Cosmopolitan will be released for sale at the end of the summer. Dubbed "Tower EIGHT", the property will feature 1 bedroom corner suites measuring 1,117 square feet with 400 square feet of wrap-around balcony space in addition to "Hudson" type studio suites. Larger residences are being designed for units atop Tower EIGHT as well, which will showcase breath-taking views of the Las Vegas strip, ranging from 2,000 square feet and up.
Cosmo keeps getting better and better. If you're not a Cosmopolitan owner yet, don't wait any longer to act. The end of summer is right around the corner!
Wednesday, July 27, 2005
Watch Out What You Name That Thing!
Last Sunday's ad for the "Club Renaissance" downtown high rise condo project got me thinking. I wonder who names these towers and if they put any research into what these names may connote, both with positive and negative associations.
Club Renaissance takes the cake. Slated to be one of the tallest residential condo towers in Nevada with 60 floors and standing 705 feet high, the project developers might have done some homework into what others are doing using the name "Club Renaissance".
Try doing a Google search on Club Renaissance and you'll immediately find out that "Club Renaissance" is K-W's premier gay and lesbian night club. Or maybe you'll look further down the search results to see that "Club Renaissance" composed the most influential leaders in the business and social community in Detroit, but has been closed since 1978 and only recently re-opened in 1998. Nothing like a high rise being associated with a failed project, right? Then of course, there's also the Mickey Mouse Club Renaissance as well. How many people want to be associated with a Mickey Mouse Project?
It may be me, but I don't think it's unreasonable to think people will type out "www.clubrenaissance.com" for information on the Las Vegas project - and trust me, I don't think the developers will like what they'll see... and I certainly don't think people buying into the project want this connotation either.
Based on an article found at the Las Vegas Review Journal, developer Philippe Pageau-Goyette wants to build the least-expensive high-rise condominium in Las Vegas and attract mostly local residents at his $400 million Club Renaissance project downtown.
The condominiums are designed to serve the needs and lifestyle of active professionals working and playing in downtown Las Vegas. The first floor of Club Renaissance will be retail space, and the top floors of the building will feature a 15,000 square foot country club and fitness center with a rooftop sun deck and infinity-edge pool.
I'm sure it will all work. However, I predict that when all is said and done, we'll be referring to this project by a very different name. And perhaps those in Philippe Pageau-Goyette's marketing department will thank me for it.
Club Renaissance takes the cake. Slated to be one of the tallest residential condo towers in Nevada with 60 floors and standing 705 feet high, the project developers might have done some homework into what others are doing using the name "Club Renaissance".
Try doing a Google search on Club Renaissance and you'll immediately find out that "Club Renaissance" is K-W's premier gay and lesbian night club. Or maybe you'll look further down the search results to see that "Club Renaissance" composed the most influential leaders in the business and social community in Detroit, but has been closed since 1978 and only recently re-opened in 1998. Nothing like a high rise being associated with a failed project, right? Then of course, there's also the Mickey Mouse Club Renaissance as well. How many people want to be associated with a Mickey Mouse Project?
It may be me, but I don't think it's unreasonable to think people will type out "www.clubrenaissance.com" for information on the Las Vegas project - and trust me, I don't think the developers will like what they'll see... and I certainly don't think people buying into the project want this connotation either.
Based on an article found at the Las Vegas Review Journal, developer Philippe Pageau-Goyette wants to build the least-expensive high-rise condominium in Las Vegas and attract mostly local residents at his $400 million Club Renaissance project downtown.
The condominiums are designed to serve the needs and lifestyle of active professionals working and playing in downtown Las Vegas. The first floor of Club Renaissance will be retail space, and the top floors of the building will feature a 15,000 square foot country club and fitness center with a rooftop sun deck and infinity-edge pool.
I'm sure it will all work. However, I predict that when all is said and done, we'll be referring to this project by a very different name. And perhaps those in Philippe Pageau-Goyette's marketing department will thank me for it.
Monday, July 25, 2005
Assignability makes Streamline Towers a Viable High Rise Choice
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.
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.
Wednesday, July 20, 2005
Homestretch for Allure Las Vegas
Prices on the remaining units at the Allure Las Vegas will be going up soon, right after they break ground this month on their condo project. If you were thinking about getting a unit in Allure, you better act fast for pre-construction pricing.
According to Allure personnel, they are now at hard contract on 38 of their 40 floors in the East tower, but still have select units available from only $445,000, which (based on similar projects in town) is quite remarkable. In fact, the 36th and 37th floors of the east tower have just been released for reservation, with hard contract anticipated sometime in September.
You'll need a $10,000 reservation check to lock in the price for the remaining studios, 1 bedroom and 2 bedroom units. Then at contract, you'll pay 10% and another 10% 90 days later. Obviously, the reservation procedure allows you to reserve now and go to contract later with zero risk, since your reservation check is fully refundable until contract time.
It looks like Allure's going to happen folks. Now's your time to get in on the action. Call me at 702-336-5554 or email and I'll take you through the reservation procedure. There are still bargains left on this one!
According to Allure personnel, they are now at hard contract on 38 of their 40 floors in the East tower, but still have select units available from only $445,000, which (based on similar projects in town) is quite remarkable. In fact, the 36th and 37th floors of the east tower have just been released for reservation, with hard contract anticipated sometime in September.
You'll need a $10,000 reservation check to lock in the price for the remaining studios, 1 bedroom and 2 bedroom units. Then at contract, you'll pay 10% and another 10% 90 days later. Obviously, the reservation procedure allows you to reserve now and go to contract later with zero risk, since your reservation check is fully refundable until contract time.
It looks like Allure's going to happen folks. Now's your time to get in on the action. Call me at 702-336-5554 or email and I'll take you through the reservation procedure. There are still bargains left on this one!
Tuesday, July 19, 2005
Get in On the Curve's Second Tower
The Curve, the Las Vegas valley's best mixed-use development project, has started sales on it's second 18-story high rise. That's great news for those who weren't fast enough to get into the first offering.
We've been following the Curve and have mentioned it many times in this blog. I say it's the best because the amenities, current pricing, the project vision, and the strength of the developers gives this project very high ratings in my analysis.
The bad news is that you'll probably pay more for a unit than you would have if you bought into Tower One. The good news is the new tower has 5 different floor plans, two of which weren't available before.
Priced from the mid $400K's and up, the units measure 1,078 to 1,888 square feet, which if you do your math, makes the Curve one of the more "affordable" realistic high rises in town price per square foot wise.
We've talked about the fact that maybe high rise living OFF the Strip might be better for some. If that's your mindset, you should seriously consider taking advantage of the second tower opportunity. The second tower will be built northwest of the first tower and units will feature floor to ceiling windows, terraces, upgraded appliances and fixtures, while the 47 acre development itself will contain pools, spas, boutique shopping, restaurants, and office space along with pedestrian plazas and an urban park.
With concierge services available as well, there's no better option for high rise off-strip living in the Las Vegas valley. I urge you to contact me NOW for information on securing a unit in the Curve's new tower. Then, when construction on the $300 million first phase starts in 2006, you'll be that much closer to living the high rise life.
We've been following the Curve and have mentioned it many times in this blog. I say it's the best because the amenities, current pricing, the project vision, and the strength of the developers gives this project very high ratings in my analysis.
The bad news is that you'll probably pay more for a unit than you would have if you bought into Tower One. The good news is the new tower has 5 different floor plans, two of which weren't available before.
Priced from the mid $400K's and up, the units measure 1,078 to 1,888 square feet, which if you do your math, makes the Curve one of the more "affordable" realistic high rises in town price per square foot wise.
We've talked about the fact that maybe high rise living OFF the Strip might be better for some. If that's your mindset, you should seriously consider taking advantage of the second tower opportunity. The second tower will be built northwest of the first tower and units will feature floor to ceiling windows, terraces, upgraded appliances and fixtures, while the 47 acre development itself will contain pools, spas, boutique shopping, restaurants, and office space along with pedestrian plazas and an urban park.
With concierge services available as well, there's no better option for high rise off-strip living in the Las Vegas valley. I urge you to contact me NOW for information on securing a unit in the Curve's new tower. Then, when construction on the $300 million first phase starts in 2006, you'll be that much closer to living the high rise life.
Thursday, July 14, 2005
Loft 5 Breaks Ground
It didn't get the publicity of Donald Trump's ground-breaking ceremony, nor the press of the Ivana Educational Forum, but ADG Development officially broke ground on their Loft 5 mid-rise condo development on Wednesday. Grading of the 10-acre site located on Las Vegas Boulevard South and Pebble Road has begun, with the foundation for the first of eight building pads to be poured in the coming weeks.
The aptly named developer and executive vice president of Loft 5, Tom Gamble, says 75% of the units in the 272 unit, $75 million dollar project have been sold and the first units are scheduled to be delivered to purchasers in approximately 8 months. Four different floor plans are available and range from 1,200 square feet to 2,500 square feet.
Loft projects are becoming extremely popular in the Las Vegas valley now, and it's probably because they're cheaper to build compared to their high rise counterparts. As such, developers of mid-rises are finding it's a bit easier to get financing on their projects as well. Case in point: Lehman Bros, a Wall Street Investment bank has partnered with Loft 5 in providing $10 million in mezzanine construction financing to go along with a $56.5 million construction loan from Chicago-based Corus Bank. That's a lot of financial backing to insure the success of the 5-story Loft project.
Loft 5 amenities include 20 foot ceilings, private terraces, Poggenphol cabinets, sub-zero appliances, 2 acres of open courtyard space, a finess center with saunas and steam rooms, 2 swimming pools, a business center, plus a lounge and private theater.
In my opinion, Loft 5 joins C2 Lofts, Juhl, Metropolis, SoHo Lofts, and Newport Lofts as excellent opportunites for loft ownership in Las Vegas. Please feel free to contact me regarding availabilities and pricing for any of these and other Las Vegas high rise condo hotel projects.
The aptly named developer and executive vice president of Loft 5, Tom Gamble, says 75% of the units in the 272 unit, $75 million dollar project have been sold and the first units are scheduled to be delivered to purchasers in approximately 8 months. Four different floor plans are available and range from 1,200 square feet to 2,500 square feet.
Loft projects are becoming extremely popular in the Las Vegas valley now, and it's probably because they're cheaper to build compared to their high rise counterparts. As such, developers of mid-rises are finding it's a bit easier to get financing on their projects as well. Case in point: Lehman Bros, a Wall Street Investment bank has partnered with Loft 5 in providing $10 million in mezzanine construction financing to go along with a $56.5 million construction loan from Chicago-based Corus Bank. That's a lot of financial backing to insure the success of the 5-story Loft project.
Loft 5 amenities include 20 foot ceilings, private terraces, Poggenphol cabinets, sub-zero appliances, 2 acres of open courtyard space, a finess center with saunas and steam rooms, 2 swimming pools, a business center, plus a lounge and private theater.
In my opinion, Loft 5 joins C2 Lofts, Juhl, Metropolis, SoHo Lofts, and Newport Lofts as excellent opportunites for loft ownership in Las Vegas. Please feel free to contact me regarding availabilities and pricing for any of these and other Las Vegas high rise condo hotel projects.
Wednesday, July 13, 2005
High Traffic at the Ivana Presentation
Bumper to bumper traffic on the Strip, a full Valet, no parking available in the garage... no, I'm not talking about a Saturday night in Las Vegas. I'm referring to the scene at the Bellagio yesterday for the Ivana Las Vegas preview, where over 1,500 real estate agents converged to get the latest sales information regarding the proposed 923-foot, 943 unit supertower.
Like Doanld Trump's Trump Internation high rise condo hotel, the Ivana will certainly be breathtaking. And like Trump, it'll also be extremely expensive. According to the figures given out at the educational forum, if you took the price structure on all the units and averaged them out, Ivana will be selling at approximately $1,320 per square foot. That's a lot of money to spend for the priviledge of living in the tallest building in Vegas. Then again, some agents in attendance that I spoke with say that's still a bargain.
But let's get back to an issue that no high rise condo hotel project seems to be addressing in all their fancy brochures and slick advertising. Traffic. No one talks about it - no one seems to care. But when you get a chance, take a ride to Sahara and Las Vegas Boulevard (the site for the Ivana project) at about 5pm to 5:30pm (or anytime for that matter) and see how fast you move - any day, it doesn't matter. Now try adding the cars 943 units will produce!
It doesn't take a psychic to predict major problems ahead unless someone starts figuring this out. Even at 1:30pm on a Tuesday afternoon, traffic was completely snarled at Las Vegas Boulevard in front of the Bellagio for the conference. And that's today, 2005! Just for a conference! Can you imagine what disarray is in store traffic-wise after all these high rises are built?
Who's going to want to live somewhere where a 10-minute drive takes an hour to get to? It almost makes the off-strip properties, such as the Palms, Residences, Curve, Turnberry, and even the downtown projects look more and more attractive.
Like Doanld Trump's Trump Internation high rise condo hotel, the Ivana will certainly be breathtaking. And like Trump, it'll also be extremely expensive. According to the figures given out at the educational forum, if you took the price structure on all the units and averaged them out, Ivana will be selling at approximately $1,320 per square foot. That's a lot of money to spend for the priviledge of living in the tallest building in Vegas. Then again, some agents in attendance that I spoke with say that's still a bargain.
But let's get back to an issue that no high rise condo hotel project seems to be addressing in all their fancy brochures and slick advertising. Traffic. No one talks about it - no one seems to care. But when you get a chance, take a ride to Sahara and Las Vegas Boulevard (the site for the Ivana project) at about 5pm to 5:30pm (or anytime for that matter) and see how fast you move - any day, it doesn't matter. Now try adding the cars 943 units will produce!
It doesn't take a psychic to predict major problems ahead unless someone starts figuring this out. Even at 1:30pm on a Tuesday afternoon, traffic was completely snarled at Las Vegas Boulevard in front of the Bellagio for the conference. And that's today, 2005! Just for a conference! Can you imagine what disarray is in store traffic-wise after all these high rises are built?
Who's going to want to live somewhere where a 10-minute drive takes an hour to get to? It almost makes the off-strip properties, such as the Palms, Residences, Curve, Turnberry, and even the downtown projects look more and more attractive.
Monday, July 11, 2005
Ivana Trumping the Donald with her High Rise Educational Forum
Donald Trump calls it "sad", but you have to hand it to Ivana Trump. She scheduled her "Educational Forum" regarding her long awaited Las Vegas Super Tower for the same day the Donald will be holding the groundbreaking ceremony for his Trump International Las Vegas high rise condo hotel.
Her FAA-approved tower, to be located at the corner of the Strip and Sahara on the site of the former Holy Cow restaurant, is planned for 943 units on 80 levels and standing 923 feet tall. In comparison, the Stratoshere roller coaster deck height is 900 feet. Now that's Trump-like tall!
The Ivana (real estate agent only) event will be held tomorrow at the Bellagio Grand Ballroom from 2:00 - 4:00pm, while the public release of Ivana Las Vegas is scheduled for August 14th, where buyers represented by agents will be entitled to join the priorty line for the opportunity to secure a unit. Be ready to wake up early that day, as the line will form at 4:00am until the doors upon at 7:00am with a strict "one unit per buyer" policy.
Plans, specifications, co-op agreements, eCommerce and web resources will be on display for tomorrow's event. So if you have any interest in an investment in possibly the tallest building in Vegas, let me know and I'll make sure you get the unit you want on the August 14th release.
Her FAA-approved tower, to be located at the corner of the Strip and Sahara on the site of the former Holy Cow restaurant, is planned for 943 units on 80 levels and standing 923 feet tall. In comparison, the Stratoshere roller coaster deck height is 900 feet. Now that's Trump-like tall!
The Ivana (real estate agent only) event will be held tomorrow at the Bellagio Grand Ballroom from 2:00 - 4:00pm, while the public release of Ivana Las Vegas is scheduled for August 14th, where buyers represented by agents will be entitled to join the priorty line for the opportunity to secure a unit. Be ready to wake up early that day, as the line will form at 4:00am until the doors upon at 7:00am with a strict "one unit per buyer" policy.
Plans, specifications, co-op agreements, eCommerce and web resources will be on display for tomorrow's event. So if you have any interest in an investment in possibly the tallest building in Vegas, let me know and I'll make sure you get the unit you want on the August 14th release.
Friday, July 08, 2005
Add French Quarter Lofts to List of Downtown High Rise Projects
The proposed revitalization of downtown Las Vegas continues. The "French Quarter Lofts" is the latest project entering the marketplace. Their proposed tower will be 11 stories tall with approximately 6 units per floor and 4 penthouse units (each built to the buyer's specifications), scheduled to break ground in October, 2005 with a completion date by July 2006.
Project amenities include 8-foot French doors, twisted wrought iron balconies, hardwood flooring, granite countertops, a rooftop gym and running track, and interior parking. As with many of the high rise condo projects, The French Quarter Lofts will have a retail component as well, with PF Changs restaurant rumored to be already on board. Floors two through five will be designated parking, while the street level will contain the retail space.
Preconstruction pricing starts in the mid $300,000's to over $1 million. The lofts range in size from 912 square feet to 3,162 square feet for a penthouse unit.
French Quarter has approximately 34 lofts available for sale right now and they require a $10,000 earnest money deposit to hold a reservation. This deposit is fully refundable until hard contract, which they anticipate will be sometime in November, 2005 and will require 10% of the purchase price.
These lofts (like everything else in Las Vegas) are selling quickly with over 30% sold already. That still gives you enough time to email me or call me direct at 702-336-5554 for your priority placement into this Las Vegas high rise loft condo opportunity.
Project amenities include 8-foot French doors, twisted wrought iron balconies, hardwood flooring, granite countertops, a rooftop gym and running track, and interior parking. As with many of the high rise condo projects, The French Quarter Lofts will have a retail component as well, with PF Changs restaurant rumored to be already on board. Floors two through five will be designated parking, while the street level will contain the retail space.
Preconstruction pricing starts in the mid $300,000's to over $1 million. The lofts range in size from 912 square feet to 3,162 square feet for a penthouse unit.
French Quarter has approximately 34 lofts available for sale right now and they require a $10,000 earnest money deposit to hold a reservation. This deposit is fully refundable until hard contract, which they anticipate will be sometime in November, 2005 and will require 10% of the purchase price.
These lofts (like everything else in Las Vegas) are selling quickly with over 30% sold already. That still gives you enough time to email me or call me direct at 702-336-5554 for your priority placement into this Las Vegas high rise loft condo opportunity.
Thursday, July 07, 2005
There are High Rise Preconstruction Condo Hotel Opportunities Outside of Las Vegas
The high rise condo hotel market isn't just hot in Las Vegas. "Condotel" ownership is increasing in popularity all around the world. Many people I've spoken to like the idea of purchasing income producing units, but some would rather purchase beachfront resort properties instead of properties on or near the Las Vegas strip.
We at VegasNNN.com have created another website dedicated solely to these investors. If you're interested in purchasing high rise condo / hotels outside of the Las Vegas area, please visit our preconstruction high rise website at www.highrisepreconstruction.com for excellent high rise pre-construction investment opportunites in areas such as Florida, Mississippi, Honduras and many others.
In fact, add your name to the investor database to get insider updates when new projects become available. Your subscription is free and your contact info will not be shared, sold, or distributed.
Our goal, of course, is to provide you with the best investment opportunities in Las Vegas and beyond!
We at VegasNNN.com have created another website dedicated solely to these investors. If you're interested in purchasing high rise condo / hotels outside of the Las Vegas area, please visit our preconstruction high rise website at www.highrisepreconstruction.com for excellent high rise pre-construction investment opportunites in areas such as Florida, Mississippi, Honduras and many others.
In fact, add your name to the investor database to get insider updates when new projects become available. Your subscription is free and your contact info will not be shared, sold, or distributed.
Our goal, of course, is to provide you with the best investment opportunities in Las Vegas and beyond!
Tuesday, July 05, 2005
Turnberry Construction Begins on First Tower High Rise Condos
How do you know when you're in on a great high rise condo investment? When you get in early and the project actually breaks ground.
In that case, purchasers of the first Turnberry Towers high rise condo should be patting themselves on the back as construction has begun on their Paradise Road and Karen Avenue located condo development.
The fact that the first tower is sold out shouldn't surprise anyone. The price-points, the amenities, and the fact that Turnberry has set the standard for high rise condo living in Las Vegas should make everyone jump at the chance to reserve 1, 2, or 3 bedroom units in their second tower.
When the total project is completed in 2008, Turnberry will have built 2 identical 45-story gated towers each containing 318 units. These units will measure from 815 to 1,655 square feet and will feature granite-topped European kitchen cabinetry, Italian marble baths with spa tubs, state of the art appliances, and 9 foot tall ceilings. In addition, there'll be a fitness center in each tower, along with an outdoor pool and sundeck with 24-hour security.
If you're considering luxury living with close strip proximity, what else could you ask for? Sales are currently under way for the second tower and the units are priced anywhere between $500,000 to over $1.3 million.
Along with the Residences at MGM Grand (which Turnberry is involved with as well), I truly believe you can't go wrong with the Turnberry Towers high rise condos. Get in on the second tower and come 2008, you'll be a happy high rise camper.
In that case, purchasers of the first Turnberry Towers high rise condo should be patting themselves on the back as construction has begun on their Paradise Road and Karen Avenue located condo development.
The fact that the first tower is sold out shouldn't surprise anyone. The price-points, the amenities, and the fact that Turnberry has set the standard for high rise condo living in Las Vegas should make everyone jump at the chance to reserve 1, 2, or 3 bedroom units in their second tower.
When the total project is completed in 2008, Turnberry will have built 2 identical 45-story gated towers each containing 318 units. These units will measure from 815 to 1,655 square feet and will feature granite-topped European kitchen cabinetry, Italian marble baths with spa tubs, state of the art appliances, and 9 foot tall ceilings. In addition, there'll be a fitness center in each tower, along with an outdoor pool and sundeck with 24-hour security.
If you're considering luxury living with close strip proximity, what else could you ask for? Sales are currently under way for the second tower and the units are priced anywhere between $500,000 to over $1.3 million.
Along with the Residences at MGM Grand (which Turnberry is involved with as well), I truly believe you can't go wrong with the Turnberry Towers high rise condos. Get in on the second tower and come 2008, you'll be a happy high rise camper.
The Curve's Minus One
The Curve, a master-planned high rise project located off the I-215 Beltway between Durango Drive and Sunset Road is already undergoing changes in that one of their major developers has already pulled out of the project.
Edward Kyle, a California real estate developer has left the project due to a "difference in philosophies" - whatever that means.
Normally, that would raise some major red flags for those interested in a possible high rise condo purchase. However, the Curve has aligned itself so well and has such tremendous financial resources, I see no reason to believe that this development will fail in any way. Just having Mike Dean associated with the project almost insures success as he is the owner of M.J. Dean Construction which has already been contracted to do many of the quality high rise projects in town.
Oh... and did I mention he was also a partner in the Curve project? The Curve will be releasing their second tower on July 15th, so contact me if you're interested in reserving a unit in this excellent mixed use development project.
Edward Kyle, a California real estate developer has left the project due to a "difference in philosophies" - whatever that means.
Normally, that would raise some major red flags for those interested in a possible high rise condo purchase. However, the Curve has aligned itself so well and has such tremendous financial resources, I see no reason to believe that this development will fail in any way. Just having Mike Dean associated with the project almost insures success as he is the owner of M.J. Dean Construction which has already been contracted to do many of the quality high rise projects in town.
Oh... and did I mention he was also a partner in the Curve project? The Curve will be releasing their second tower on July 15th, so contact me if you're interested in reserving a unit in this excellent mixed use development project.
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