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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.

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.

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