The News is All Good for the Pinnacle Las Vegas High Rise Condo Project

The Pinnacle, a Las Vegas high rise condo development consisting of two 36-story towers and 1,104 condo residences, has received all their necessary entitlements including HUD approval and are now going to contract with purchasers of their high rise units.

Having secured $45 million in project financing from Berkshire Financial Capital, plus the fact that the land that the project sits on was already owned free and clear by the developer, the Pinnacle is poised quite nicely over its competing Las Vegas high rise projects. They also have opened their new sales gallery directly across from the actual building site, across from The Orleans at the southeast corner of Tropicana Avenue and Cameron Street.

This unique project features nine floor plans for studios, one-, two- and three bedroom units ranging in size from 641 to 2,300 square feet priced starting from the $350,000's. Townhouses, penthouses and of course their signature "Sky Bridge Suites" are also available, priced between $650,000 and $10 million.

The property will feature a hibiscus-shaped pool, a "dive-in" theater and portable hand-held concierge devices, which residents will be able use to perform a slew of functions -- from making restaurant reservations to receiving a car from the valet among other incentives and gadgets.

The hotel aspect of their condo units will be operated by Interstate Hotels and Resorts who will maintain a presence in the sales gallery to answer questions regarding Pinnacle's "Turnkey Guest Residency Program" as well as the marketing of the Pinnacle as a resort destination in Las Vegas.

Marnell Corrao has also been announced as their general contractor. The company boasts of local projects such as Wynn, Bellagio, MGM Grand and the Rio. Coupled with the Falcon Group as the project developer, and you have a very strong development team extremely capable of seeing this project through.

Right from the start, I knew this project was a winner. View their virtual tour, then contact me to get a unit for yourself. The project is already 42% reserved, so get in now before groundbreaking on the 12 acre, $850 million dollar project begins this fall.

With a great location, the beauty of the Strip or mountain views without the actual congestion of being on the Strip, the attractive price-points, and the financial certainty of the developers, the Pinnacle is a genuinely different project here in Las Vegas and will make for an excellent investment when it's finished in the spring of 2009.