The Greek Isles Hotel on Convention Center drive (right next to the Marriot) is yet another building in the immediate strip area that is sitting on land that’s just too valuable for the building itself. Moshe Mor, president of M&M Real Estate Development of Queens, N.Y., said Monday his investment group will pay $52 million for the Greek Isles, which Chicago-based Mark IV Realty owns. Mor said he hopes to close the transaction in April. What are the plans? To demolish the current 206-room hotel (of course) and build a 600-room luxury condo project (yes, another one) on the main portion of the site. Las Vegas High-Rise Condos….there’s no end to the projects because there is still no end to the demand. The product demands global attention and the market for High Rise Las Vegas real estate reflects this more every day. The Showcase Mall (right on the strip in front of MGM) is about to get in the game as well. San Francisco-based City Center Retail and partner Angelo Gordon & Company bought the Showcase Mall two weeks ago as well as an adjacent 3/4 acre parcel where Denny’s now sits (next to the Walgreens). Mark Stefan, a City Center Retail principal, said Monday that the new owners will add up to 80 luxury condominium units on the parcel where Denny’s restaurant now sits just a few feet north of the Showcase mall. “It’s one of the few residential projects that is right on the Strip,” Stefan said. “A lot of the other (announced condominium) towers are set back, but this is (ideal) for somebody who wants to be right in the center of things.” MS Las Vegas Real Estate is fully prepared to present the entire range of options in the market for Las Vegas High Rise Condos. Give us a call at 888-349-2595.
Archive for February 22nd, 2005
The luxury golf lifestyle available at MacDonald Highlands has drawn buyers to this stunning guard-gated community in Henderson. Nestled in the hillsides with elevations reaching 2,700 feet, the community showcases custom homes, a private golf course and country club. Views of the city, mountains and golf course can be seen from many of the luxury homes. Sites are now available within four custom-home neighborhoods, each with distinct topography and views. Buyers can choose from sites with flat golf frontage, multilevel pads or hillside elevations. Home sites include a golf membership to DragonRidge Country Club. MS Las Vegas Real Estate urges you to consider some of the most incredible luxury estates with the most beautiful views in all of Las Vegas.
While the number of new-home reservations continues to expand at Mountain’s Edge, so does infrastructure work at the 3,000-acre master-planned community in the southwestern valley. Company officials said that when the first residents move in, they will see that flood-control measures have been taken, numerous roadways have been paved, and common areas have been landscaped with mature trees and plants. Additional infrastructure has either been completed or is near completion, including a power substation that will serve the community of more than 12,000 homes. Custom streetlights have already been installed. Mountain’s Edge is planned to include a fire station, four elementary schools, two middle schools, one high school, shopping centers, restaurants and office space. MS Las Vegas Real Estate would be happy to introduce you to this exciting new master-planned community.
KB Home continues to experience strong sales at its San Destin neighborhood, located within the Aliante master-planned community in North Las Vegas. Priced from the low $300,000s, the neighborhood features three collections of homes that range from 1,231 to 3,803 square feet. Only a few homes remain in the Ravello and Palazzo series. Select homes can be ready for move-in within as little as 30 days. The builder’s newest collection in the neighborhood, Arroyo, features two-story homes ranging from 2,927 to 3,803 square feet and priced from the low $400,000s. Several available home sites overlook the community’s arroyo. Contact MS Las Vegas Real Estate at 888-349-2595 for more information about Aliante and many other Las Vegas master-planned communities.