VERGE Condos Hosting Grand Prix Grand Stand

Next week, April 6th through 8th, is the first ever Las Vegas Grand Prix! This event will be phenomenal - the first grand prix held in Long Beach literally turned the city around. There will be street parties, a charity gala event, autograph sessions and even an Easter egg hunt! VERGE will have a private grandstand for the race and will be grilling at the site. All current first round reservation holders are invited to attend as guests of VERGE in their private grand stand for this exciting three day event.

Verge’s 296 residence community offers the latest in modern living, state-of-the-art architecture and design. There are 39 impressive floor plans including studios, one, two, three bedroom condominiums and spectacular lofts with 23-foot ceilings. Many residences have remarkable views of downtown Las Vegas. Other onsite amenities include 2 rooftop pools; rooftop restaurant; on-site boutique grocery store; indoor racquet ball courts; fitness center with steam and locker rooms; secure access-controlled parking and entry; and even rooftop pet park.

Although attractively priced from $149,900, Verge homeowners are buying much more than a condominium. They are buying into the dream of the multi billion dollar Las Vegas down town redevelopment district spear headed by mayor Oscar Goodman. With the Las Vegas real estate market poised for another surge this summer, the downtown renaissance promises to be on a scale with San Diego's Lamplight District.

If you have not yet gotten your reservation and deposit in, there is still a small window to do so before first round reservations are closed. Or come out to the Grand Prix event and find out why VERGE is part of the incredible downtown Las Vegas transformation that is going on. Food, fun, a great race and a great project - it doesn't get any better! For more information on the events taking place during the Las Vegas Grand Prix, please go to: http://www.vegasgrandprix.com/ . We hope to see you there.

Trump Las Vegas Accepting Reservations for Tower 2!

On the evening of April 8, 2008, Donald Trump will announce the opening of Trump Tower 2 in Las Vegas on the Apprentice Show. When The Apprentice announced Tower 1 at the end of 2004, they reserved over half the building in a matter of days!

Trump International is now accepting reservations on specific condominiums in Trumps Towers Las Vegas for Tower Two (priority list) and only a limited number of units are available at introductory prices. The early reservation program will require only a $10,000 fully refundable deposit. We have attached a map indicating the location of the towers and the floor plate which includes the unit numbers for Tower 2. Tower 2 should have better views than Tower 1 and is located closer to Las Vegas Boulevard.

Trump Tower 2 Floor Plate
Trump Tower 2 Map

The penthouses are starting at $2.8 million, the one bedrooms are starting under $1 million and the studios are starting in the low $600’s. The one bedrooms increase approximately $4000 per floor and the studios approximately $3000 per floor. Please contact us directly at sold@greatlasvegashomes.com or call 985-7654 for specific unit numbers and prices, and to obtain an official registration form.

Trump International is anticipated to be the one of the most glamorous addresses in Las Vegas. All of the units at Trump International are sold fully furnished and Trump International Hotel & Tower is located in the heart of Las Vegas, immediately adjacent to the Fashion Show Mall, in close proximity to the Venetian Hotel and the new Wynn resort. Trump is offering Studio and One Bedroom condo hotel suites and Penthouse One, Two & Three bedroom units. In addition to the elegant suites, a full complement of services and amenities true to the Trump name are planned. These amenities are destined to appeal to residents and hotel guests and the luxury Las Vegas high rise condo market.

We look forward to hearing from you soon on this project...especially prior to the April 8th announcement to millions of people on National TV!

Luxury Las Vegas Condos

Luxury Las Vegas condos are quietly selling out way before the general public is even aware of them.

For example, the Conrad Majestic condos, a 654 foot tower will have a 216 room five star Conrad hotel, 696 Conrad condo hotel suites and 76 Waldorf Astoria branded residences. The 76 Waldorf Astoria luxury residential condominiums will run from 2,000 to 5,000 square feet in size on the top 10 floors of the tower. Prices started at around $1400 per foot up to $2,000 per foot or between $2.8M and $10M. These luxury residences never even hit the market and were oversubscribed just from word of mouth.

The same thing happened at the MGM City Center with the new Mandarin Oriental. The 225 residences there were also oversubscribed prior to the grand opening just through in house promotions. For more details on the Mandarin's success, see excerpts from the Las Vegas Sun story below.

Rumors have it that the Harmon Residences, another MGM City Center upscale project, already has an oversubscribed buyer list as well. This project's grand opening is not scheduled until fall of 2007.

It is clear that there is a lot of money being spent in Las Vegas for truly unique luxury properties on the Strip, and that the demand far exceeds the supply. Look for some of the other new projects to add boutique name brand hotels with luxury residences in the near future.



Wealthy buyers flock to Las Vegas condos
By Liz Benston
Las Vegas Sun

Consider: The most expensive condos in town, rising alongside the Strip as part of the largest private development in the nation’s history, have nearly sold out in just two weeks. And not a dime was spent to advertise them.

The brisk sales at Mandarin Oriental, at MGM CityCenter, were triggered mostly by word-of-mouth and suggest that Las Vegas Boulevard is maturing beyond a weekend playground for the rich and famous and into a chic residential address.

Many buyers of Mandarin condos didn’t bother to examine floor plans or interior design mock-ups. They simply plunked down more than $600 million in deposits for units costing up to $9 million each. That may be a bargain along the elite boulevards of New York or San Francisco but sets a new bar for Las Vegas.

The Mandarin Oriental condos – a popular super-luxury hotel in Asian capitals but with only four other U.S. locations – will feature 227 upper-floor units, separated from 400 hotel rooms below by a private lobby. It is the first and smallest collection of condos for sale at CityCenter, which when completed at the end of 2009 will feature a $7 billion collection of five hotels and condo towers at the heart of the Strip, along with high-end shopping and dining.

Prices for the Mandarin’s two- and three-bedroom units range from $3.7 million for 2,065 square feet to more than $9 million for 4,259 square feet. The average price: about $3 million, or $1,584 per square foot – well above the $1,000 per square foot average being fetched by condo towers just off the Strip.

Cosmopolitan Condos in Las Vegas

With 61 stories and more than 2,600 vacation apartments including regular hotel rooms and lavish condo hotel suites, the Cosmopolitan will total more than four million square feet of pure luxury, and will have a 70,000-square-foot casino, Nevada's largest 50,000 square foot fitness facility and spa, and more than 300,000-square-feet of retail and restaurant space. Also, it will feature a 3,000 car underground garage, 150,000 sq. ft. of convention space and 1800 seat theatre.

“Many influences create The Cosmopolitan’s design,” said Ian Bruce Eichner, CEO of 3700 Associates, LLC, the developer of The Cosmopolitan. “It has been carefully crafted to merge spectacular contemporary architecture with lushly stylized interior spaces. What distinguishes our condominium’s decor is the separation of spaces within each residence. Each conveys a different experience with a unique array of fine furnishings and detailed fabrics. Living above Las Vegas Boulevard, we provide each resident with terraces that take advantage of the incredible north or south views of the Strip,” said Eichner.

The Cosmopolitan condos, fully furnished condo hotel suites, will include elegant smooth 10 foot high rise ceilings, spacious walk-in closets, floor to ceiling windows, plasma TVs, kitchenettes, extra large balconies with impressive panoramic mountain and city skyline views and high-speed resident elevators. There are two different studio floor plans of about 600 sf plus 100 square foot balconies now starting from about $650,000 on up, and a 1200 sf corner one bedroom floor plan starting from approximately $1,350,000. The first tower sold out in record time, but there are still premium units remaining in the second tower right on Las Vegas Boulevard that have just been released.

This is one of the few Las Vegas high rise condos that actually has a Las Vegas Boulevard address and offers commanding views of the Las Vegas Strip.

MGM City Center Condos

The MGM City Center will be an upscale urban residential district complete with high end shops, gourmet restaurants, cinemas, parks and unique pedestrian environments. At the rear of the seven tower project will be a 60 story resort hotel and casino featuring two massive curved hotel towers with 4,000 rooms plus an ebony condo hotel tower with 1,543 units. At the north and south ends of the project will be two small boutique hotels including the Mandarin Oriental Hotel and Residences, which is expected to draw sophisticated overseas guests, as well as the Harmon Residences which will cater to the elite of the young and hip crowd. The project’s centerpiece will be two glass residential towers and over 500,000 square feet of retail space.

Vdara will be an elegant 50 story luxury condo hotel tower rising from the MGM CityCenter project designed by RV Architecture and Rafael Vinoly. In muted shades of ebony, the Vdara tower will feature 1543 fully furnished condo hotel suites ideally located between the Bellagio and the CityCenter's main gaming resort.

Veer will be residential condos with two distinctive leaning glass towers rising 36 feet and house more than 700 modern loft-like residences. The building's surface will feature horizontal metal blades that slowly change color during the day and that will shade floor-to-ceiling windows from the burning Las Vegas heat.

MGM said their project will create 7,000 construction jobs. And when it opens in 2009, Project City Center will create 12,000 full-time positions - the largest single infusion of jobs in Las Vegas history. Construction is well underway and the project's main casino is already over 12 stories high.

Weclome to the Las Vegas Condo Blog!

Welcome to our all new blog about Las Vegas high rise condos! Over the next few weeks we will be posting descriptions of the newest Las Vegas condos being built along with the economic impact they are having on our city.

The Las Vegas real estate market is truly going vertical. With the supply of land for residential development in the Las Vegas Valley expected to last only 6 1/2 years at the current rate, developers are unable to afford the cost to build single family residences. Given the valley has absorbed about 5,400 acres a year during the last three years for residential development, there won't be any more land to build homes by early 2013, according to RGR Group of Las Vegas, a real estate consultant.

Without making more land available, Southern Nevada will become more like Southern California with its soaring prices because of limited land, said Las Vegas housing analyst Dennis Smith. Builders are having difficultly finding parcels of between 10 to 20 acres, and property owners aren't cutting their prices, he said.

The solution for developers is to go up. And in a market where there are still more than 5,000 new residents a month moving in and will be for the foreseeable future with all the growth projected for the Las Vegas Valley, there are plenty of buyers!