With all the talk lately of all the new projects coming on board and the Las Vegas high rise condo market being "back", it's important not to lose track of the solid, dependable projects we've always mentioned in the first place. Let's not forget the following: MGM Grand has a stellar reputation and Turnberry has a 40-year history in the real estate development business. Add a quality product with an established developer and you have a successful combination for a sure winner.
The Residences at MGM Grand still represents one of the best high rise condo investment you can possibly make. With 1,727 units in three 40-story towers on the northwest end of the MGM's 116-acre property on the Strip, you'll be situated nicely in town with workable price points. There's a reason Towers A and B sold out so quickly... and quite frankly, I'm amazed there are even opportunities left in Tower C.
Construction continues where Tower A is scheduled to open in May. Fully furnished studio, one, and two bedroom combination suites are available, priced from the $600,000s to more than $2.5 million.
"Oh, but I'm looking for Phase 1 pricing", so many clients tell me. Well, MGM's now going to provide that opportunity as well. I understand they plan to add 3 more residential towers to the development. They haven't started reserving units in them yet (unfortunately no condo-hotel aspect is planned for these three towers), but if you'd like to be kept in the loop as to when they become available, contact me with your name, address, and phone number and I'll put you on the interest list as it's forming.
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