Announcing the Newest Last Vegas High Rise Condo Hotel Project: The Pinnacle

Meet the newest project on the Las Vegas high rise condo hotel scene, the Pinnacle. We've just received a nice letter from their marketing department announcing that they're the city's most compelling new luxury high rise managed condominium resort development, that everything you see and experience will dazzle you, and as you glance skyward, you'll see two magnificent towers connected on three separate levels by sky-high residential "bridge suites," the only of their kind in Las Vegas.

It all sounds excellent, but let's get down to the nitty-gritty: Is this project for real? Will it actually get built or is this another example of a colossal waste of time?

Based on the information we've received from a November 25th article in the Las Vegas Review Journal, this project looks financially sound and construction assured. The development is planned for the site of the old Falconi Honda and Acura dealership, owned by Angelo Falconi. Once the entitlements were in place for mixed-use condo development, the land value went from $6 million or $7 million to about $30 million. And with no debt service on the land, it became easy to secure mezzanine and construction financing, basically making the Pinnacle a solid project.

Quoting from their introductory letter:

Pinnacle's breathtaking three-acre pool and amenities deck will rise six stories above ground. Lush, garden-like flourishes will surround a spacious hibiscus-shaped swimming pool, plus lawns, cabanas, and a quarter-mile pathway for jogging, as well as "Energie," our fully-equipped fitness center, and "Touch," our luxurious full-service spa. As you glance skyward, you'll see two magnificent towers connected on three separate levels by sky-high residential "bridge suites," the only of their kind in Las Vegas.

Best of all, our Managed Condominium Resort Program provides the opportunity for you to place your residence in a rental program that also includes turnkey maintenance and upkeep, so that you can reap the benefits of ownership and not be burdened by the responsibilities. We offer nine different floor plans in each of our 35-story towers, with your choice of studio, 1, 2 and 3-bedroom residences, plus two-level penthouses. Each residence will be available with either traditional or contemporary furniture packages. Thanks to Pinnacle's prime location on the 'West Strip,' you'll enjoy stunning views of the neon night-scape in one direction, and colorful mountain sunsets in the other.

I'll be visiting representatives from this project to get pricing details, but for now, please contact me to get on their reservation list if you're interested in more details. Getting on a reservation list doesn't obligate you in any way to anything, but it's nice to be well-positioned if the pricing's right and you want to move forward.