The $135 million dollar Verge mid-rise condo project in downtown Las Vegas just announced their plans to redesign the development, adding 52 more units to it's 318 unit repetoire. If it ever happens...
You never know what's happening with Verge. Rumors continue to fly that the project's dead, then it's back to life, then it's experiencing delays, then it's moving forward strong, then there's setbacks in the development process. You almost get the sense the project should get a seat at the World Series of Poker with the way they guard their cards.
I'll take them at their word that they wouldn't be spending the extra $2 million dollars it'll cost to redesign the project if they had no intention of following through to a completed project. And if they're really taking out more of the higher-end units for more affordable inventory, then it makes this project even more of a downtown Las Vegas bargain. We'll just have to wait another 3 months or so to find out.
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