Streamline Towers –Neat!
The attention is moving from the luxury high-rises along the strip and surrounding areas to the Las Vegas downtown area. The city is promoting a major redevelopment effort and investors are quick to appreciate the potential of the new projects. They are picking up the still relatively lower priced condo units there. There has been a relaxation of the zoning system in the Old Strip area of Freemont Street in order to accommodate more non-gaming venues. One can look forward to nightly live jazz, comedy clubs, nightclubs, boutiques, taverns and coffee houses and the development of a retro Las Vegas atmosphere. Plans are afoot to create several exciting neighborhoods including an arts district, an entertainment district, a casino district, the Las Vegas Academy performing arts district and an office district. The 12 million square foot World Market Center and the Premium Outlet Mall with over 120 shops and restaurants is also on the cards.
There are125 condos and high-rise projects in various stages of planning around the Las Vegas Valley but I feel only 35% to 40% of these will actually be built. Streamline Towers, in the emerging downtown entertainment district seems to be one that will most probably see the light of day as it has already secured financing by Barclay’s Bank. It has a superb location near the 200,000 square foot Neonopolis entertainment complex and the Fremont Street Experience.
Streamline Towers broke ground in fall of 2005 and it is estimated to be completed in early 2007. Streamline Towers will be 21 stories high and have 251 elegant residences with 10 to 12 foot high ceilings and private balconies offering unobstructed views of the strip and the surrounding mountains. Each unit will have its own private terrace and the building will feature one, two and three bedroom condominiums. The latest energy efficient materials will be used and each condo will have state of the art appliances, security card entry system, ceramic tile kitchen and bathroom floors, spacious closets, built in microwave, dishwasher, gas cook top and oven. Units are also wired for telephone, cable and high-speed internet access.
The common facilities include a rooftop pool, spa, fully equipped fitness center, a 16th floor club house and a 11,000 square feet of neighborhood retail space including hairdressers, dry cleaners, mail facilities and boutique coffee shop. The building will have private secured parking and 24-hour concierge service. For a small condominium, it has all the features of a large community.
Sales centers are scheduled to open in late July. Streamline Towers also offers onsite executive leasing services for nightly, weekly and long-term rentals and seems to be a good choice for second homeowners and investors. Prices range from $425,000 to $1,100,000 and condos range in size from approximately 750 square foot, one bedroom 1.5 bath units up to almost 1900 square foot 3 bedroom and a den with 2.5 bath units. Bookings are being taken with the standard deposit of 15% to be placed into escrow upon signing on the dotted line.
There are125 condos and high-rise projects in various stages of planning around the Las Vegas Valley but I feel only 35% to 40% of these will actually be built. Streamline Towers, in the emerging downtown entertainment district seems to be one that will most probably see the light of day as it has already secured financing by Barclay’s Bank. It has a superb location near the 200,000 square foot Neonopolis entertainment complex and the Fremont Street Experience.
Streamline Towers broke ground in fall of 2005 and it is estimated to be completed in early 2007. Streamline Towers will be 21 stories high and have 251 elegant residences with 10 to 12 foot high ceilings and private balconies offering unobstructed views of the strip and the surrounding mountains. Each unit will have its own private terrace and the building will feature one, two and three bedroom condominiums. The latest energy efficient materials will be used and each condo will have state of the art appliances, security card entry system, ceramic tile kitchen and bathroom floors, spacious closets, built in microwave, dishwasher, gas cook top and oven. Units are also wired for telephone, cable and high-speed internet access.
The common facilities include a rooftop pool, spa, fully equipped fitness center, a 16th floor club house and a 11,000 square feet of neighborhood retail space including hairdressers, dry cleaners, mail facilities and boutique coffee shop. The building will have private secured parking and 24-hour concierge service. For a small condominium, it has all the features of a large community.
Sales centers are scheduled to open in late July. Streamline Towers also offers onsite executive leasing services for nightly, weekly and long-term rentals and seems to be a good choice for second homeowners and investors. Prices range from $425,000 to $1,100,000 and condos range in size from approximately 750 square foot, one bedroom 1.5 bath units up to almost 1900 square foot 3 bedroom and a den with 2.5 bath units. Bookings are being taken with the standard deposit of 15% to be placed into escrow upon signing on the dotted line.
posted by realestatevegas | 5:31 AM
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