High-rise Condominiums rising in Las Vegas
High-rise condominiums have become a popular choice in urban Las Vegas. Condominium developers have chosen to construct vertical on residential units because of the high cost of land in the booming Nevada capital.
There are over 80 new high rise pre-construction condominium projects for the downtown Las Vegas strip as more and more people prefer condominiums than any other
dwelling units. Investors are pre-selling two kinds of high-rise condos for long-term residential ownership or condo-hotels for rentals.
Carina Corporation, for example, has developed chains of loft-style condominiums in urban Las Vegas and noted that this is in response to the emerging lifestyle choice of “Generation X’ers” who are influenced by the popular American television series like Friends.
Young professionals prefer luxury condos and places where home and office are one, according to Carina Corporation president Mark Doppe.
Celebrities are also into purchasing condominiums for their use. The Cosmopolitan, Aqua Blue, and residences at the MGM Grand and Platinum are a few examples of this new trend where the condominium units are leased out to vacationers or families when the owners are not in residence.
Another trend in condominium development in Las Vegas is condominium conversion as the market for first time house buyers have expanded and prefer to have cheaper units. Many luxury apartments are now being converted into condominiums to respond to this burgeoning market.
Investors normally spend about $100 to $200 for condominium conversions, definitely the cheaper, economical alternative for single house buyers.
The high market demand for high rise condominiums in Las Vegas proves that the city remains to be one of the fastest growing metropolis in the US.
The downtown strip is marred with condo projects that have fabulous amenities like state-of-the-art facilities, spas, gourmet dinning and resort style pools, conference centers, valet services, and maid services. Takers can spend for as low as $400 for studio type units or millions of dollars for sprawling apartments that overlook the glitzy Las Vegas.
There are over 80 new high rise pre-construction condominium projects for the downtown Las Vegas strip as more and more people prefer condominiums than any other
dwelling units. Investors are pre-selling two kinds of high-rise condos for long-term residential ownership or condo-hotels for rentals.
Carina Corporation, for example, has developed chains of loft-style condominiums in urban Las Vegas and noted that this is in response to the emerging lifestyle choice of “Generation X’ers” who are influenced by the popular American television series like Friends.
Young professionals prefer luxury condos and places where home and office are one, according to Carina Corporation president Mark Doppe.
Celebrities are also into purchasing condominiums for their use. The Cosmopolitan, Aqua Blue, and residences at the MGM Grand and Platinum are a few examples of this new trend where the condominium units are leased out to vacationers or families when the owners are not in residence.
Another trend in condominium development in Las Vegas is condominium conversion as the market for first time house buyers have expanded and prefer to have cheaper units. Many luxury apartments are now being converted into condominiums to respond to this burgeoning market.
Investors normally spend about $100 to $200 for condominium conversions, definitely the cheaper, economical alternative for single house buyers.
The high market demand for high rise condominiums in Las Vegas proves that the city remains to be one of the fastest growing metropolis in the US.
The downtown strip is marred with condo projects that have fabulous amenities like state-of-the-art facilities, spas, gourmet dinning and resort style pools, conference centers, valet services, and maid services. Takers can spend for as low as $400 for studio type units or millions of dollars for sprawling apartments that overlook the glitzy Las Vegas.
posted by realestatevegas | 5:50 AM
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