The lack of construction progress over at the Spanish View Tower project is starting to hit home hard as a unit holder has filed a lawsuit against the development demanding their money back and alleging that Spanish View has missed significant construction deadlines. The project broke ground on its 215 and Buffalo location quite some time ago, but by all indications, construction has come to a grinding halt, causing unit holders to wonder what's to become of their significant downpayments.
Stories like this are what's giving the Las Vegas high rise condo market a black eye. Spanish View claims no construction deadlines have been missed yet and the project will be ready by August 2007. I wonder what odds they're getting at the casino sportsbooks on that one!
I'll bet Turnberry and MGM are completing their projects on time. Once again... the success of your high rise condo project will be a direct correllation to the strength of the developer. Just because Spanish View has problems, trust me in that they won't take every project down with them. There are still MANY good buys in this town for those who do their developer homework.
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