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Saturday, September 15, 2007

Construction Progresses at Major Las Vegas Landmark

When it's complete, enough carpet will be used on this project to cover the Golden Gate Bridge with 9 miles of rubber base placed along the carpet edge. During construction, 72,000 cubic yards of concrete will be used. The exterior skin on the building measures 500,000 square feet and it would take nearly 330 average-sized adults holding hands to wrap around the building base. The building will contain 34 escalators and 16 elevators and you'll need 10 football fields to completely cover the building in grass.

You probably think we're talking about some big name, mega condo complex being built on the Las Vegas Strip - but believe it or not, the building in question is none other than the wildly successful World Market Center in Downtown Las Vegas, which recently completed its steel construction of their 16-story third building at a cost of $550 million. (along with 2,500 construction workers, 60 ironworkers, and 16,500 tons of steel.)

With the Center quickly becoming the preferred market for national and international furniture buyers, the demand for leasees into the building continues to escalate, which translates into great opportunity for those ready to act on Downtown Las Vegas mid-rise condos and high rise condos. After all, it stands to reason that with all this growth, people and companies will need housing for their employees, their customers, and themselves.

It couldn't be more clearer that downtown Las Vegas offers your best option for profit and appreciation in the Las Vegas high rise condo market. Along with the successes of the World Market Center, you have fine dining establishments opening, the Smith Center for the Performing Arts slated for the area, Freemont Street and all it's renovations, and a new sports area proposed neighboring the World Market Center as well. The World Jewelry Center's slated to happen and when Union Park's complete, you probably have no reason to ever drive your car as everything you'll need will be walking distance to your condo unit (think about your gas savings!)

Did you know I just described the Juhl project? Winner of four "Best of Nevada Real Estate" awards, Juhl is the only downtown project that combines mid-rise and high-rise residential living, recreational and social facilites, and 24,000 square feet of retail space at prices now starting in the high $300,000s. Its proximity is perfect to everything downtown and their units are still affordable. In fact, some may even say it's a bargain. A condo bargain in Las Vegas... who would have thought!

Juhl move-ins are scheduled for Spring of 2008, so take my advice and act on this opportunity today.

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