Not convinced about downtown Las Vegas growth? Uncertain about getting into Project CityCenter and all the development at the Strip's South end? Well, perhaps the growing North Strip may be just what the doctor ordered. With the recent purchase and redevelopment plans for the Sahara, and with Boyd Gaming getting set to unveil plans for their $4.4 billion dollar Echelon place project, the possibilities are endless for this stretch of Las Vegas Boulevard property.
Industry expert Brian Gordon, a partner in Las Vegas-based financial consulting firm Applied Analysis, recently stated that the Echelon and the Sahara could spark a tremendous development wave between the two locations. Since the opening of Wynn, the North strip has seen some significant redevelopment already. Now that the Stardust is set for implosion to make room for Echelon, I predict a CityCenter-like opportunity for the high rise condos that will become available for investors at that site.
In addition, you'll probably see changes at the 68-acre Circus Circus, along with Turnberry possibly developing their long-awaited Fontainbleau project, and there's even plans to develop a 1,888 foot high, 4,000 room hotel/casino on the site where the Wet n Wild theme park once stood. Add to that all the construction progress you see at Turnberry Towers and Turnberry Place as well as the tremendous work being done on the 428-unit Allure high rise project and the amazing progress with the Sky Las Vegas project, and it's clear the potential customer base for the North Strip is unprecedented.
All I can say is, when they officially announce the availability of Echelon units, smart investors better be reading this blog and contacting me for reservations!
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment