The Sahara hotel and casino located on the north end of the booming Las Vegas strip and adjacent to a small cluster of Luxury high-rise condominiums, was purchased this year. Many considered another fireworks shrouded implosion a foregone conclusion… Not so says the new owner.
This 55 year old hotel will be redeveloped and will represent the historic anchor for the north strip. In just a few short years the north strip will be the new epicenter to what is most dymanic 4 miles of real estate in the world.
New Neighbors spending Big Time.
The vacant parcel across the Blvd. from the Sahara hotel was purchased this year by MGM Mirage. They quickly entered a partnership with Kerzner Holdings International and announced plans for a multi-billion dollar resort.
Just north of the Sahara is a planned $5 billion mixed use development; Crown Las Vegas. Initial renderings of this mammoth project called for stratospheric tower. Plans have been modified and current proposals show one or possibly two towers in the 1100′ range. Don’t forget the $5 Billion Echelon under construction replacing the Stardust, as well as the $5 Billion Plaza on the site of the just imploded Frontier.
Initial Rendering, The Plaza
(Photo courtesy VegasTodayAndTomorrow.com)
Currently under construction and adjacent to the Crown Las Vegas site is Fountainebleau. At $2.9 billion this will be the first luxury project to establish itself in the rising north end of the strip.
Luxury High-Rise opportunities in Buyers Market.
Across the street from Fountainebleau is the just completed SKY Las Vegas, a beautiful luxury high-rise condominium, (currently the only residential high-rise condo located directly on the strip). Directly behind Fountainebleau is the 4 Tower Turnberry Place and the twin tower, Turnberry Towers. Both of the projects are luxury residential high-rise towers and represent the bulk of inventory currently available in the residential high-rise market. Fabulous deals are to be had for those savvy buyer willing to step to the plate.
If residential living on or near the dynamic core of this one of a kind city is of interest to you, contact the Garcia Group at (702) 360-6645 or check out our website at www.VegasLuxuryLiving.com
Tom Garcia(702)250-6355
Amy Garcia(702)994-3850
See the blog link on our website www.VegasLuxuryLiving.com for a host of informative articles on Las Vegas real estate and the developing high-rise market.
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