Jessica Simpson, Hulk Hogan, and Eminem closing on their high-rise condos as Palms Place opens.
Posted by Luxury Realty Group - March 4th, 2008
Categories: High Rise Condos
We all knew the day would come, the day Palms Place (a luxury condotel tower located on the famous Palms Hotel campus), would begin to close escrow. And we knew that when that day came, multiple celebrities would become proud new owners of luxury condominiums in Las Vegas. This is just the beginning.
George Maloof created a nice project in Palms Place. Even with the current challenged condotel lending climate where many lenders are requiring bigger deposits and higher interest rates, it’s apparent that many buyers at Palms Place are unaffected. With only 599 units and loyal client base, Palms Place stands out as a unique condotel property in Las Vegas.
In addition to Palms Place, four additional condotel developments have either opened or are under construction in Las Vegas. Vdara Condo Hotel at MGM MIRAGE CityCenter, Cosmopolitan Resort Casino, Signature at MGM Grand, and Trump International each offer their own unique branding and locations. Every one of those projects offer fully furnished, turn key units for sale which can be thrown into nightly owner rental programs.
Palms Place Key Features to Success
- Location- Featuring trendy ultra lounges like Ghostbar, nightclubs like Moon and Rain, all the way to delicious restaurants such as N9ne Steakhouse, the Palms Casino and Palms Fantasy Tower have it all. Want to stay in the Hugh Hefner Suite? Perhaps book the Hardwood Suite and have a basketball half-court complete with cheerleaders in your room? These are just some of the reasons why the Palms location is loved by celebrities, athletes and the party crowd.
- Brand-The above description covers this quite well. The Maloofs know how to provide a good time that you’ll never forget.
- Construction- Palms Place broke ground in 2006 (official groundbreaking party was 5/4/06).
Amenities, pricing and other information.
- Floor plans-Studio, one bedroom, two bedroom (combo units) and penthouse floor plans complete with pools hanging off the side of the building were offered. (100% sold out during pre-construction)
- Pricing- Approx. 600k to over 6 million.
- Number of Units- 599. A low number for a condo hotel building making this tower exclusive.
- Amenities-50,000 sq ft pool and spa, Sunset Tan (seen on E! Entertainment), balconies with Las Vegas Strip views, 24 hour security and room service, business center, conference rooms.
Celebrities and Las Vegas
More celebrity figures will take possession of new investments in Las Vegas when the highly anticipated The Harmon Hotel, Spa & Residences opens in 2009. This boutique tower, which features a very low number of 207 residential condominiums (15 of which are penthouses), has been a big hit with celebrity types due to several reasons.
- Managed by Andrew Sasson’s The Light Group
- Will feature the first ever MR CHOW restaurant in Las Vegas
- Direct Las Vegas Strip location
- Curved glass penthouse offerings offering views of the Strip
Ready to gain insider access to Palms Place or The Harmon Hotel?
Aaron Auxier is reponsible for selling some of the most amazing penthouse properties in Las Vegas. As a specialist in high-rise and with deep connections into the Las Vegas luxury condominium market, Aaron has earned the nickname “Hollywood’s Connection to Vegas”.
Aaron is responsible for selling the three most expensive residential price-per-square-foot properties in Las Vegas history and is your inside guide to resales at Palms Place (request info) and/or pre-construction opportunities at The Harmon Hotel at CityCenter (request info).
Aaron Auxier, REALTOR®, ABR 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, Wall Street Journal, The Review Journal, Los Angeles Times and USA Today.
Copyright © 2008 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 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.