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High Rise Mania

LasVegasHomeSpecialist recently toured all the high rise condominium projects along the Strip and Downtown. Much of what we saw was very impressive. The behemoth project is, of course, CityCenter. CityCenter is a 76-acre mixed use development project proposed (currently under construction) by MGM Mirage on the Las Vegas Strip. The development will be on the site of the now imploded Boardwalk Hotel and Casino and adjoining land between the Bellagio and the Monte Carlo, and will be connected to these resorts via a people mover system. With a total cost expected to exceed $7 billion, CityCenter is the largest privately financed development in the United States. Plans include multiple high rise buildings with contemporary urban design. CityCenter will feature approximately 2,700 units of luxury condominiums, a 4,000-room luxury hotel and casino; two 400-room, non-gaming boutique hotels and a 500,000 square foot retail and entertainment district. Upon its completion in 2009, the project will employ 25,000 people.

With over 30 distinct high rise projects actually being built, this is a vibrant part of the Las Vegas/Henderson real estate market.

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