Las Vegas Real Estate

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Tuesday, March 07, 2006

Sky Las Vegas - On Schedule

Strong rumors that Icon, a twin-tower luxury condo project on Convention Center Drive, Las Vegas is being cancelled sets tongues wagging again. This takes 500 units off the Las Vegas high-rise market and adds to the squeeze for condos on the strip. Today, there are fewer than 500 luxury condos for sale near the Strip corridor. The major factors cited by sources include a decrease in market high-rise sales, lawsuits and rising construction costs. More likely, their pricing was unrealistic and they were unable to build Icon based on original pricing without compromising the quality and standards promised. Investors’ insecurities are high but the situation is not alarming if you choose your property with thought.

Seems like only four of the current projects on the strip will be completed as promised. Sky is definitely one of them with 409 residential units priced from $500,000 to more than $5 million. Sky broke ground in late July 2005 with estimated completion in late 2006. It has gone past its mid vertical height with more than twenty-five completed floors and an additional floor being added every four days. They have completed the framing on the lower floors and started the installation of the exterior skin and glass. The building is taking shape quickly and they are on schedule for their projected December 2006 completion.

This magnificent 44-story tower sculpted in a striking blue glass has been more than 85% sold out. It offers discriminating buyers their own personal window to the glittering neon lights of the Strip and the awe-inspiring majesty of the surrounding mountains. Towering high above the city's dazzling skyline, Sky Las Vegas is the ultimate luxury condominium tower in the heart of the entertainment capital of the world. Sky Las Vegas will most probably be the first finished luxury condominium tower located directly on the Las Vegas strip.

Select Sky Suites and Tower Suites are still available and are definitely worth their price. Sky Suites, located on floors 43 to 45 are two-story penthouse suites of 3500 square feet complete with a rooftop garden patio and outdoor area for entertaining. Units are priced at approximately $4 million and all of them include a private elevator inside the unit. Towers Suites are smaller suites on the higher floors of this luxury high rise offering every imaginable luxury fitting in their lavish residential units.

Sky Towers offers a host of amenities including outdoor recreation area of more than an acre. This will feature a large pool, lush garden space, a putting green, outdoor fire pit, barbecue area and an outdoor pet area with a dog run. Interior amenities will include retail and dining space, a party room, a spacious private movie screening room, indoor racquet ball courts, professional billiards room with bar. Services will include valet parking, concierge services and state-of-the-art security. Fitness freaks can choose between the indoor and outdoor, fully equipped, state-of-the-art spa & fitness center. Certainly here, Sky is the limit as far as luxury is concerned.