Owning a Las Vegas Luxury Condo is fast becoming the choice
for people that want a second home in fabulous Las Vegas but don't want the hassle
of taking care of the property. With the price of land in some parts of the valley
over $600,000 per acre, the best use is now an upward trend. Why build 6 homes per
valuable acre when you can build hundreds? Thus the Manhattanization of Las Vegas
has begun.
The Las Vegas luxury condo market has been explosive
over the past 12 months with over 150 proposed projects throughout the valley. Las
Vegas is running out of developable land and is therefore being pushed skyward.
Already completed are the Turnberry Towers Las Vegas, The District Lofts in Green
Valley, and Panorama Towers is almost complete. Many exciting properties are currently
under construction, like SOHO Lofts, Newport Lofts, Metropolis, Manhattan, Platinum,
Boca Raton and Queensridge just to name a few.
While media attention has so far been concentrating on the glitzy new high rise
developments going in along the Las Vegas Boulevard resort corridor, Mayor Oscar
Goodman’s redevelopment of the “Old Strip” along Fremont Street into a San Diego
style gas light district may make downtown condos the best “hot buy!” The Las Vegas
Downtown casino area is in the midst of a major redevelopment effort, and people from
all walks of life from all around the country as well as locally are starting to snap
up the still relatively lower priced condo units there before prices go sky high along
with the skyline. The redevelopment plan calls for a retro Las Vegas atmosphere with
several distinct neighborhoods including an arts district, an entertainment district, a
casino district, the Las Vegas Academy performing arts district and an office district,
as well as the 12 million square foot World Market Center and the Premium Outlet Mall
with over 120 shops and restaurants.
From the North Downtown Strip near the world famous Golden Nugget to the South Strip
near the first-class Bellagio, developers spared no expense when planning and constructing
these incredible resorts, always keeping their future residents in mind. Every possible
want or need or whim is met and there are certain perks and attractions at each property
that could match any fussy buyers particular specifics. Convenience, comfort, glamour
and luxury are definitely the name of the game with these impressive new Real Estate
ventures. Now anyone can actually own Vegas, in a sense.