Due to Federal Aviation Administration requirements, the Las Vegas Central high rise project has been redesigned, going from 52 to 40 stories for its 1,000 proposed units.
We've been wondering what was causing the 10 month delay. We've also wondered how they could possibly be selling units at their advertised prices of $139,900, but now we've learned the project is now priced from the $300,000s to more than $2.5 million - which pretty much means you're realistically looking at pricing starting at $399,999.
With construction costs estimated to be in the $600 million range, developer Bruce Langson (who has about $5 million of his own money in the project so far) needs to finalize a guaranteed maximum construction price from Tutor-Saliba, a general contractor founded by Perini Corp before things really get rolling with this project. He had LA-based Jerde & Associates do the preliminary design work and Vegas' own JMA Architecture doing the interior design.
The 5 acre project will be located at Sierra Vista Drive, just south of the Las Vegas Convention Center and will include 105,000 square feet of commercial space with a rooftop lounge, 11 restaurants, boutique shops, and convenience stores.
The FAA doesn't like tall buildings, but we'll keep an eye out for more news regarding the Central.
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