Back in 1998, two major developers introduced the concept of real
high rise living to Las Vegas. The projects were Turnberry Place by
Turnberry Associates out of Florida and a joint effort by local
developers called Park Towers. They both were a big success and started
the buzz about high rise living in the entertainment capital of the
world! However, between 2003 and 2004 the concept of high rise living
just exploded with proposals for not only traditional high rise condos
but also mid rise projects off the Strip, condo-hotel concepts, and New
York style loft projects as well. Over 50 projects have been proposed,
and while they may not all materialize, many have already sold out and
or are under construction. Nearly 17,000 units in 122 buildings have
been announced and there are sure to be more. The “Manhattanization of
Las Vegas" has begun!
What is driving all this madness! First, land prices and the lack of
availability of vacant land to be developed have caused prices on the
Strip and around Las Vegas to just sky rocket. It no longer makes sense
to price a parcel on the Strip by the acre or the square foot. Instead,
utilizing the parcel to its maximum potential by building up and
offering a high volume of units makes financial sense. The demand is
strong in a market where baby boomers have money, interest rates are
reasonable, and the second home or vacation home market is only starting
to reach its peak nationally. As one of our more knowledgeable
consultants Richard Lee says “everybody wants a piece of Las Vegas.” The
concept of coming into town on the spur of the moment knowing they have
a first rate place to stay, fully furnished down to the linens, with
world class facilities and then leave knowing the property can be leased
out by an on site management company is becoming very appealing and the
sales back it up.
Our goal in this website is to give you an overview of each project,
sort out locations and types of projects, and point out what each has to
offer. We have attempted to summarize each of the projects and will be
happy to offer you more detailed information of any one that may be of
interest. My wife Sheryl and I want to offer you an educated opinion of
the projects, some insights as to the pros and cons of each, and some
background on the people or "forces" behind the developers and the track
record they have in Las Vegas. We have and can represent your interest
on the purchase and negotiation of these units and continue to make our
best effort to stay knowledgeable on the projects as they are announced.
Keep in mind that there are already re-sale units to be considered in
some of the projects (especially Turnberry and Park Towers). Also,
please understand that the sales people on staff represent the developer
only! So let's begin!
On the Strip
Mid-Rise South of the Strip
Off the Strip
Allure
Sky Las Vegas
Cosmopolitan Casino
Resort Hotel Condo
Park Avenue
Manhattan
Loft 5
One Las Vegas
Boca Raton Resort Condominiums
Turnberry Place – Paradise Road
Turnberry Towers – Paradise Road
Park Tower – Howard Hughes Parkway
Platinum – Koval Lane
Metropolis – Desert Inn and
Debbie Reynolds
Monterey at Las Vegas Country Club -
LVCC
Panorama – Industrial Road
Trump Tower – Fashion Show Drive
MGM the Residences – off Katie
in back of the MGM
Grand Hotel Icon
