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Monday, April 10, 2006

One Las Vegas Could Be Las Vegas' Hidden High Rise Condo Treasure

Every once in a while, a baseball player will do something very unnoticeable during a game that won't appear in a boxscore, yet helps the team win the game. Moving a runner over, productive outs, and breaking up a double play are all examples. You may be asking yourself, "How does that relate to Las Vegas high rises?". And the answer is simple - the One Las Vegas project is that solid project no one ever hears about but is providing those who've already purchased units a winning product.

One Las Vegas doesn't bombard you with ads in the Review Journal or on countless highway billboards or with ads in all the real estate magazines. On the advice from a few readers of this blog who've left comments regarding this project, I had to take a look at it for myself. And I must tell you I was very impressed with what I saw.

First of all, the project location is excellent. As mentioned in a post regarding the Boca Raton project, the south strip area is experiencing tremendous growth, including the recently opened South Coast casino (located just blocks from the One project by the way), along with a number of timeshare companies and with Station Casinos planning an upscale resort in the area as well.

The project amenities include resort sized swimming pools, private cabanas, 24-hour security with guarded gates, state-of-the-art fitness center, entertainment rooms, concierge service, and a variety of killer floorplans with good sized square footage units, all with balconies. Basically, this project has everything all the high rises in town are offering.

Here's where it really starts to get good. Their price-points are excellent and they bring an experienced construction team and developer with the resources to make this project a success to the table. In fact, AmLand Development has already been successful in the Vegas market with their Park Avenue project, as well as other projects such as Vila DiLago at Lake Las Vegas and Central Park Estates. The B.S.R. Group is also involved with One. Their most notable accomplishments include Waterfront Square in Philadelphia, the icon Toyota Tower in Tel Aviv, and the Osiedle Europejskie in Krakow, Poland.

In short, these are heavy hitting development teams. And if you need to see progress, take a drive to the project's location on Shelbourne and Las Vegas Boulevard and you'll see they've already cleared the One Las Vegas land and anticipate official groundbreaking in the very near future.

Unlike most projects, who typically require a total of 20% down at contract, One Las Vegas requires just 15% down. They're going straight to contract now and are only selling the first 2 of eventually five 20-story buildings. And more good news: pricing is currently at $525 per square foot! Where else in town are you going to get this kind of value in a project that most definitely will be built? Excellent units still remain. Do the math here and you'll see this project works whether you're interested in living here yourself or renting your unit out. And finally, there are no restrictions as to selling your unit after closing. All in all, One's the one! Contact me regarding an interesting purchasing opportunity with this project.

I'm embarrassed it took me so long to find out about this project. Thanks readers!

1 comment:

Anonymous said...

Good article I'm taking a look at it..