The big news coming out this weekend was the demise of the W Las Vegas mixed use high rise condo project. As I commented on the article found in Saturday's edition of the Las Vegas Review Journal, I can't say I'm surprised over this news, but I am a little disappointed as I thought the "W" project had a lot of potential.
It's obviously not easy to bring a project of this scale to fruition. Those holding reservations in the project were sent a FEDEX package with their reservation deposit fee refunded along with a lettter that you can read here.
But once again, I must reiterate: the failure of some high rise condo hotel projects in Las Vegas is not necessarily a bad thing. It just makes the ones that do get built that much more attractive. So while we say goodbye to the "W" (and who knows what will happen with the land and whatever new project gets announced over there), let's give some credit to the Trumps, Cosmos, Allures, Skys, Streamlines, Residences, Turnberrys, Juhls, and of course CityCenter's of the world who are either well under construction or just about complete.
What an interesting marketplace we live in! This is way better than the latest TV reality show!
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