.comment-link {margin-left:.6em;}

Las Vegas Real Estate Blog

Your Las Vegas real estate information source. The latest news, new construction, scandals, additions to the strip and other Las Vegas and related information.

Sunday, January 22, 2006

W Las Vegas

Starwood hotels in a joint venture with Edge Resorts, is going forward with W Las Vegas. The upscale property will be built in the Harmon corridor on a huge 21 acre parcel.W Las Vegas The entire project is project to cost 1.7 billion dollars, so far W Las Vegas has landed $232.5 million worth of pre-development financing from Société Générale Corporate & Investment Banking.

W Las Vegas has not released any floor plans at this time, but they are planning to have over 3,000 hotel and residential units. The property will also boast over 10 nightclubs and restaurants, a 75,000 square foot casino, spa and gym, retail space and over 300,000 square feet of meeting space. Reservations are being taken at this time.

Labels: ,

Thursday, January 12, 2006

Streamline going forward

Yesterday it was announced that the most expensive condo permit to date was issued, for just under 1 million dollars for downtown Las Vegas to Streamline Tower. There had been rumors about the slowing down of the Las Vegas market, rumors that were quickly dispelled. Channel 3 reported that the construction industry is still going strong, with the local construction union having to start a secondary union to support all of its new members. Currently there are over 30 cranes in the strip area for construction, the highest number ever. However, the hottest construction area isn't the strip, its what is being called the Harmon corridor. Its a several block area between the strip, Harmon and Flamingo.

Currently, the Hard Rock expansion, Pinnacle, Las Ramblas and several other projects are fueling the growth. Land value is estimated in the high billions of dollars. Speaking of Las Ramblas, they are disclaiming rumors that the project was not going forward. The closure of the Icon project started rumors of other projects closing as well.

The grand opening of Spanish Palms condominiums is this Sunday, from noon to 2 p.m. The condo community is located on Tropicana and Rainbow, next to the masterplanned community of Spanish Trail. No word yet on model sizes or prices. Ardiente floor plans are also now available.

Labels: ,

Wednesday, January 11, 2006

Las Vegas landmark destroyed

Today marked the end of an era on Boulder Highway. The Castaways hotel casino, formerly known as the Showboat for decades, was demolished. The event was covered by the local news and is the first demolition this year. The original Showboat had been around for decades. It was the perhaps the first casino to cater towards locals, at least a little bit. The resort was known for its bowling alleys. Over the years, the Showboat hosted several national televised bowling tournaments, drawing competitors from all over the United States. The lanes were also popular with locals as well. In order to get a lane on the weekend, you usually had to get there around 6 am or earlier. The new owners are planning on building a new resort on the property. No word yet on the planned name or size of the resort.


Monday, January 09, 2006

Icon canceled

Another Las Vegas high rise project has announced that it will not be going forward. Icon Las Vegas announced Friday that the project has been scrapped. Specific details aren't available at this time. Icon is the 3rd major high rise project to be canceled. It joins the Aqua Blue and Krystal Sands. Some analysts had predicted as many as 1/4 of all announced projects would never come to fruition. So far, they are woefully short of their predictions.

Icon was to be located on Convention Center drive, just a few blocks from the strip. There is no word yet as to the disposition of the property. Parties that have made deposits on Icon units can still reach the listing broker for Icon at 1-866-988-4266.

Despite this cancellation, the high rise boom is still going strong. Pinnacle One just starting selling as well as Vegas 888. Units for George Clooney's project, Las Ramblas are also still available.

In other news, the Sunset Casino had its grand reopening of its buffet. The marquee in front advertised it with more fresher selections. If only it were true. In addition to paying $3.00 more per person for lunch, the food selection was actually less. The entire Texas section is now gone. The international station is mainly Mexican food and the salad and desert stations are half their original size. I sure miss the old buffet... At least the Orleans still has a nice buffet.

Labels: ,

Listed on BlogShares
Web Directory
Add blog to our directory.