Success of World Market Center is Good News for Downtown Las Vegas High Rise Condo Projects

The World Market Center continues to grow and grow, as its developers keep moving forward with an accelerated construction schedule for the entire 57 acre campus. When it's fully completed, it will become the largest trade show complex in the world.

Last week, officials of the project gave a tour of the top floor of the fully leased second building - a 16-story, $345 milion, 1.6 million square foot centerpiece opening in January with rave results. The scope of this project is amazing. They're creating a comprehensive marketplace that provides all the tools necesssary to grow an enterprise by bringing products, people, ideas, and access together in one place. And it's already working - the success of this project has been better than anyone could have imagined so far.

Plans call for the completed development to cost $3 billion and feature eight buildings totaling 12 million square feet that will be connected by sky bridges, designed to become Downtown Las Vegas landmarks.

As mentioned in February, the continuing success of this project is making ownership of high rise condos in the area a no-brainer. At this point, is there even a doubt that the Juhl Las Vegas project is the biggest sleeper project in town? Located walking distance to the World Market Center with a pricing structure that looks like a steal compared to its competitors, you'd be crazy to pass up a buying opportunity whether you're an investor or end-user in this project, which recently broke ground as well.

Amid the downtown Las Vegas cultural venues, spectacular shopping, gourmet restaurants, and now the most successful trade show project in the world, the news is all good for Juhl. Piggyback from the downtown rennaissance and the success of the World Market Center and get into Juhl now. I already did - you should too while availabilities last.

Vegas 888 Las Vegas High Rise Condo Project Cancelled

Vegas 888, a Las Vegas high rise condo project of Florida-based Del American has stopped sales for its 542 unit project on 10 acres at Flamingo Road and Valley View Boulevard. With sales not strong enough to sustain their initial marketing efforts, Vegas 888 developers decided to pull the plug on the project since beginning their selling effort on May 4th, 2006.

What's amazing about this project is they actually had contracts to sell 38 of their units to begin with. The project was priced at over $1,000 per square foot with units selling for $750,000 to $10 million each. That's quite expensive for being off the Strip and not located in Queensridge, where at least I can see that kind of pricing work.

While the neighboring Pinnacle's tag line is "Las Vegas is so ready for this", it's obvious that Las Vegas is no where near ready for Vegas 888. Like the Ivana Las Vegas fiasco, this project was doomed from the start. More people should be reading Las Vegas high rise condo blogs.

If you're one of the unlucky people who had reservations at Vegas 888, my advice is take the money you get back from your deposit (plus the interest earned in escrow), then take a quarter of that, and get into the Pinnacle Las Vegas high rise condo resort project instead. Better price... better design... better amenities... better developer... all for so much less!

Isn't that what people say, when life hands you lemons, make lemonade?

Spanish View Towers Las Vegas High Rise Condos May Not Be Cancelled Afterall

Construction on the Spanish View Towers high rise condo project in Las Vegas halted abruptly on July 7th after international investors failed to perform, causing contractors and suppliers to file liens faster than Mel Gibson drives. However, Rod Yanke, the developer of the project located at I-215 and Buffalo Drive, said alternative financing has been obtained and once the liens are released, the project will resume. He cited a "major bank" has been lined up, but wouldn't announce the name.

I'm still skeptical, but with 70 percent of the project's first 18-story tower sold, odds are good that he may be right. Even with the delay, the first tower is scheduled to be finished next summer with 2 other 18-story towers in the works. We shall see.

The Beach Nightclub May Soon Become a Las Vegas High Rise Condo Tower

The Beach nightclub, located on Paradise Road directly across from the Las Vegas Convention Center, would be razed in favor of a 600-room high rise tower and casino under a development plan that recently won initial approval from county officials.

The 1.25 acre parcel, the night time site of countless police arrests, drug use, and public lewd behavior, may soon house an upscale 20,000 square foot casino and an 18,000 square foot restaurant and lounge area within the proposed 39 story building.

No information has been released regarding a project name or details as to when, and if, this project actually gets started - but if I had my way, I'd say the sooner the better.

Evolution Lofts Open Sales Office for their Las Vegas High Rise Condo Development

Last week, I wrote about the newly announced Evolution Lofts. Today's article in the Las Vegas Review Journal expands upon that information.

If a Downtown high rise Las Vegas loft lifestyle appeals to you, it can't hurt to look into this project further.

Announcing a New Las Vegas Residential Real Estate Resource: LVHomesAndCondos.com

Frank and Cameron DeAngelo, two of the best real estate agents I know in town, have recently published their website called www.LVHomesAndCondos.com. I think it's a great site - but I'm biased, since I created it and I'm their "condo guy". If you're looking to buy or sell a luxury home or condo in Las Vegas, relocate to Las Vegas, or just interested in some solid Las Vegas real estate info, definitely contact them - you'll be amazed at the unsurpassed service they provide to every one of their clients. I know - I work with them.

Check out their featured listings... and whether you're a buyer or seller, go to their condo page, fill out the form and we'll find you that perfect condo of your dreams - be it investment or owner-occupied.

The News is All Good for the Pinnacle Las Vegas High Rise Condo Project

The Pinnacle, a Las Vegas high rise condo development consisting of two 36-story towers and 1,104 condo residences, has received all their necessary entitlements including HUD approval and are now going to contract with purchasers of their high rise units.

Having secured $45 million in project financing from Berkshire Financial Capital, plus the fact that the land that the project sits on was already owned free and clear by the developer, the Pinnacle is poised quite nicely over its competing Las Vegas high rise projects. They also have opened their new sales gallery directly across from the actual building site, across from The Orleans at the southeast corner of Tropicana Avenue and Cameron Street.

This unique project features nine floor plans for studios, one-, two- and three bedroom units ranging in size from 641 to 2,300 square feet priced starting from the $350,000's. Townhouses, penthouses and of course their signature "Sky Bridge Suites" are also available, priced between $650,000 and $10 million.

The property will feature a hibiscus-shaped pool, a "dive-in" theater and portable hand-held concierge devices, which residents will be able use to perform a slew of functions -- from making restaurant reservations to receiving a car from the valet among other incentives and gadgets.

The hotel aspect of their condo units will be operated by Interstate Hotels and Resorts who will maintain a presence in the sales gallery to answer questions regarding Pinnacle's "Turnkey Guest Residency Program" as well as the marketing of the Pinnacle as a resort destination in Las Vegas.

Marnell Corrao has also been announced as their general contractor. The company boasts of local projects such as Wynn, Bellagio, MGM Grand and the Rio. Coupled with the Falcon Group as the project developer, and you have a very strong development team extremely capable of seeing this project through.

Right from the start, I knew this project was a winner. View their virtual tour, then contact me to get a unit for yourself. The project is already 42% reserved, so get in now before groundbreaking on the 12 acre, $850 million dollar project begins this fall.

With a great location, the beauty of the Strip or mountain views without the actual congestion of being on the Strip, the attractive price-points, and the financial certainty of the developers, the Pinnacle is a genuinely different project here in Las Vegas and will make for an excellent investment when it's finished in the spring of 2009.

Las Vegas Arts District Is Home To Evolution Lofts High Rise Condos

Boulevard Properties and the Greenwald Group, developers of more than 5,000 residential high rise units and hundreds of multi-million dollar custom homes across the nation, are now setting their sights on the Downtown Las Vegas Arts District with their latest high rise condo project Evolution Lofts.

The 28 story building will feature 19 distinct floor plans with amenities such as a private theater, gym, business center, relaxation lounge, pool and sundeck, access to world-class shopping, dining and nightlife off the Las Vegas Strip, 24 hour concierge service, private secured parking, bicycle storage, cable TV and high-speed internet access.

Designed by JMA Studios (Las Vegas' biggest and best architectural firm), units will have 10' - 11' ceilings with floor-to-ceiling windows to take in the breathtaking views of either the Sierra Mountains or the Las Vegas Strip from the balconies and will be offered in 1, 2, and 3 bedroom floor plans ranging in size from 806 square feet to 2,100 square feet at prices starting at $450,000 to over $1.5 million.

So how do you take advantage of this all? They're going straight to contract right now, where you'll need a check for 10% of the purchase price of your unit. Then at ground breaking (scheduled for January, 2007), you'll need another 10% down - so you'll be in it for 20% total until closing, which is estimated to be sometime in January, 2009.

... Not a bad way to control a hopefully appreciating asset for a small cash outlay. Let me know if you need me to check specific availabilities and prices for you.

Is the Spanish View Towers Las Vegas High Rise Condo Project in Danger?

According to an article published in the Las Vegas Business Press, funding issues have caused the construction on the Spanish View Towers high rise condo project to come to a halt and companies are filing millions in liens against the project for work already completed.

The 15 acre suburban high-rise condominium project broke ground earlier this year at its south-west valley location along the 215 Beltway and Buffalo Road, and is being underwritten by private investors as opposed to institutional ones. The $475 million, 2.38 million square-foot development called for three, 18-story buildings with 4-story parking garages and 444 total residences priced from $795K to over $6.6 million.

Spanish View Towers developer Rod Yanke expects to resolve their funding problems with the next few weeks. But you'd never even know any problems even existed if you read their "Views News" newsletter dated July 5th, 2006 which contains the following text:

"If you have driven by the construction site recently, you probably noticed a slow down in progress. This came about due to some financial paperwork issues in the last few weeks. Your sales team has been informed that all the difficulties are being handled and the onsite activity should be moving full steam ahead... The second construction crane should be put in place around the middle of this month. Once the crane is up, “fast track” mode will kick in to make up for some of the delays... With the first tower reaching close to sell out, you will soon see the price sheet for Tower A disappear from our website and the price sheet for Tower B will take its place. At that time we will officially be writing reservations for Tower B."

So is this project really in danger? The Spanish View marketing team certainly doesn't think so. But that probably doesn't console those who have filed liens and are waiting for their money. We'll have to wait this out and see what happens in the next 60 days.

New Resource Available for the "W" Residences High Rise Condo Hotel Development

EdgeStar Residential, the developers of the "W" Residences high rise condo hotel project, just launched their new Customer Resource Center, where you can view floor plans, renderings as well as their brand new e-brochure. Pretty impressive!

Check it out, then get a great deal here >>>