I have it on good notice that the Pinnacle Las Vegas is the latest high rise condo project here in Las Vegas that just won't be happening. Word on the street is that they've closed their doors and to look for an official notification in the upcoming days of the demise of this project.
Too bad. I really liked the originality of their design and thought they had the development team and background to see this project through. It shows you how hard it is to bring a high rise condo project to fruition these days in Las Vegas and makes all the other projects actually in development or ready for move-ins all the more impressive that they even got that far!
So what does that mean to those who've secured units in this project that will never get built? Well, truth be told, they're probably in an excellent situation right now. No doubt they'll get their earnest money deposits back - plus interest - which have been sitting around for quite some time now. (Many Pinnacle unit owners reserved units literally years ago!). Now, without the pressure of wondering when their high rise condo unit will be ready, Pinnacle buyers are now in the enviable position of having the pick of the litter of Las Vegas high rise condo bargains with money ready to make a move on high rise condo short sale positions and distressed sales.
Your $750,000 Pinnacle unit won't happen now. But thank the Pinnacle for the perfect timing. Based on the high rise marketplace right now, it's extremely possible that those very same Pinnacle buyers can take advantage of high rise resales and get into a high rise condo that'll blow the Pinnacle vision away AND cost way less AND be ready today! We've been accumulating these bargains at our Las Vegas high rise condo resales website and encourage all Pinnacle buyers who still desire that Las Vegas lifestyle to contact us immediately to take advantage of some amazing opportunities RIGHT NOW.
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