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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, March 02, 2006

Hard Rock Condos postponed

Owner Peter Morton of the Hard Rock Casino, announced that he is postponing plans to expand the Hard Rock with residential condos. The postponement comes on the heels of the cancellation of Icon, another Las Vegas high rise project. Morton was quoted as stating "You can't hold someone's money while the decision is in the process of being formulated as to the future of the Hard Rock. So we sent out letters and gave people the option. If they want to stay in the project, that's cool. If they want their money back plus interest, that's cool, too."

Those people who have requested a refund of their 10% deposit will also be paid interest on the money. Morton has also received offers to buy the Hard Rock as well, including the land for the condo project.

Meanwhile, Las Ramblas, Vegas 888 and W Las Vegas are going forward with their high rise towers. Another loft project, Luxe Lofts just started accepting deposits today. In what may be the new trend in Las Vegas, Luxe lofts will only have 83 units available. The project will be located on W Flamingo, just east of the 215. Another new project, Echelon will be located in the Northwest off of N Durango and Deer Springs in Centennial Hills. Echelon will be a mid rise project.

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