Downtown Las Vegas. Part 1 of 2. By Aaron Auxier and Cherry Development
Posted by Luxury Realty Group - June 19th, 2007
Categories: High Rise Condos
While 2007 has been the year of the Strip, the downtown Las Vegas condo market has appealed to it’s own niche of buyer.
Could activity on the strip mean an even bigger opportunity in downtown?
Its no secret…the headlines in 2007 have highlighted 30 billion dollars worth of casino, ultra luxury condominium and mega resort projects on the Strip. In fact there’s so much activity on the Strip that local analysts are estimating over 113,000 new jobs will be created on LV Boulevard over the next five years.
A map showing different districts including the 61 acre Union Park
You can get full development Maps of Las Vegas at VegasTodayAndTomorrow.com
Think Park Avenue compared to Greenwich Village
Both of these neighborhoods have their own appeal. Even better, they have a way of complimenting one another and making New York the wonderful and diverse location that is is. While some of the artists have left Greenwich Village for Williamsburg and DUMBO due to high residential costs, the art scene in downtown Vegas is thriving due to its “Arts District” set aside for this type of culture.
What are your goals regarding purchasing high rise real estate in Vegas?
The below statements will help you gauge if downtown is for you. -If your goal is casinos, high end luxury, an already thriving market, spas, nightclubs and to be in the heart of the action then the Strip is probably the place for you.
-If you are more into the village scene, walking to art galleries, street side coffee shops and restaurants, knowing your neighbors, bars with live music, walking to work etc then owning a downtown Las Vegas condo could be very appealing.
DT is one of those investment opportunities that most people have not yet caught on to. Does it have its challenges? Yes. So did The Gaslamp District in San Diego. DT is more of a challenge because much of it is not yet in place…but by looking at projects that are under construction, it doesn’t take that much forward thinking to see that there is a mountain of potential ahead.
In Closing
It will be exciting to watch the pieces of the downtown redevelopment puzzle go into place over the next few years.
Next Up…Part 2…The World Market Center
Aaron Auxier, REALTOR® can be reached at 702-205-1818.
Luxury Realty Group is recognized by the press as a leading brokerage on the Strip. They can be seen on networks and in publications such as CNBC, Forbes Magazine, Details, LV Business Press, Wall Street Journal, The Review Journal, Los Angeles Times and USA Today.
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Copyright © 2007 Aaron Auxier. All Rights Reserved.
Disclaimer: All information in this blog is subject to change without notice. Subject matter is not guaranteed and is often times considered time sensitive.
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All information in this blog is subject to change without notice. Subject matter is not guaranteed and is often considered time-sensitive. See DISCLAIMER.
Copyright © 2008 Luxury Realty Group LLC. All rights reserved.