The famous Veer Towers at MGM MIRAGE CityCenter are beginning to take shape with a new angle on architecture.
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What a beautiful day it was. Everyone was outside laughing, together with family, and this evening - lighting off fireworks. Check the time of this post, it’s approx. 11:00 pm here in Las Vegas on the 4th of July. Nightclubs and parties are happening all over the Las Vegas Strip, gatherings at parks and backyards are taking place. But where have I been almost all day? Right here, in front of the computer, blogging. Why?
If you read the internet, watch the news, or have a heartbeat; you probably realize that Las Vegas has become ground zero for negativity. When a professional athlete gets beaten and mugged off of the Las Vegas Strip, it makes national headlines. When a new lawsuit is filed, it’s all over the place. When thousands of new jobs are created, it gets little play.
While the Las Vegas real estate market goes through one of the biggest challenges in its history, it is more important than ever to share some of the factual good things happening. In this blog are links to four press appearances where the media wanted to focus on the positive aspect of things. Topics include: billions in mega-resort construction, celebrities and athletes, and a special award.
All five of the above residential high-rise condo projects in Las Vegas currently offer significant resale opportunity as of June 2008. When you compare the price-per-square-foot pricing on resale inventory in these properties to the pre-construction pricing at residential towers such as Veer Towers, Mandarin Oriental, The Harmon Hotel, and the upcoming Venetian Palazzo Condos - you truly begin to see how rising land, commodity, and construction costs are affecting high-rise construction in Las Vegas.
Remember what made residential high-rise living so appealing to begin with? Convenience. And over the past few weeks, the prices at the gas pumps have gotten way out of hand. Not convenient. People are carpooling, driving less, or just plain out staying closer to home. Today, I was talking to some friends of mine who live in a Las Vegas high-rise condominium project as they joked about how their elevator is their freeway.
At the monthly Las Vegas Highrise and Condominium Association (LVHCA) meeting held June 20, 2008, emerging new trends for urban condominium living were unveiled.
MGM MIRAGE CityCenter is offering studio units at Veer Towers, turn-key and fully furnished. These are not condotel units but pure residential condominiums. These units are being offered in limited numbers and for a limited time. CityCenter is ahead of schedule, the $9.2 billion development will begin opening in August 2009. Read More
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