Register at CommercialREOS.com

Our national commercial foreclosure website at www.CommercialREOS.com is your source for commercial reo deals and contacts. Please register today and join our commercial REO network.

Wednesday, January 24, 2007

Construction on One Las Vegas High Rise Condos Reaches Tower Top

While a great many Las Vegas high rise condo projects are "in your face" with their advertising and marketing efforts, you never really hear too much about the One Las Vegas project, unless it's good news, in which case we hear about them often.

Photo by Ralph Fountain - Las Vegas Review JournalIn fact, the South Strip project is fully financed and has reached another construction milestone in that they just topped off construction on their 20-story, 182-unit first tower, which is scheduled for completion late this year. They're also up to the 16th floor on Tower II, which will contain another 179 condo units. Here's a project that's quietly getting things done and providing an excellent high rise condo product for their smart purchasers.

When the One Las Vegas project is fully completed, 5 towers and over 1,000 condo units will be built on the 20-acre site at a cost of approximately $142 million dollars.

With prices starting in the high $200Ks for an 830 square foot 1-bedroom condo, One Las Vegas seems to be the Rodney Dangerfield of Las Vegas high rise condo projects in that they don't get the respect they deserve. This is a solid project with great architecture, a great development team, and amazing price points for what you're getting. Plus it's South Strip location puts you close to the airport and the Strip without the noise and congestion. And with the neighboring Town Square retail and entertainment center moving along nicely, the One Las Vegas project is nicely poised for a terrific bargain for those looking to live the high rise life in Las Vegas.

And for the skeptics out there, it's actually getting built! As Rodney would say, "Oh, it's a tough crowd!"

No comments: