Lake Las Vegas Development
A mid-rise community called Galileo will soon be built in the North Shore. Fountainhead Co. is projecting a $220 million expense for this venture, and is envisioning a start by early of 2007.
The plan features, nine mid-rise buildings are two to four stories high. Located next to the Hyatt Regency, it features a Jack Nicklaus-designed golf course and Tom Fazio-designed course at both sides. The first phase of the project consists of 102 units, a two-acre lagoon with waterfalls, a central pedestrian plaza, and a bell tower.
Luxury mid-rise condos have grown in number especially around May this year. Among 11 proposed mid-rise projects, only three have seen completion. According to John Restrepo, principal of Restrepo Consulting Group, mid-rises have a promising future to them.
Projects are continuously mushrooming in the area. In northwest Las Vegas, Huffman Builders West will also build a 300,000-square-foot medical office complex --- the Centennial Hills Center. This will feature 12 single-story buildings, a two-story 60,000-square-foot building, plus a three-story 90,000-square-foot building. Centennial Hills Center is projected to be ready by the second quarter of next year.
Million-Dollar deals have also been closed, signaling more sites for development. Desert Vista Development is a 1.95-acre property at S. Arroyo Grande Blvd., Henderson. The deal was closed at $3.4 million.
Stable Development bought a 2.5-acre land at Horizon Ridge Parkway and Coronado Center Drive, Henderson. It was closed for $3.054 million.
Hotel Furniture Liquidators leased a 64,183-square feet industrial space from SKLV Properties LLC at $1,589 million for 43 months. Pure Essence Laboratories leased another 15,406 square feet of industrial space in Arrowhead Commerce Center. It was a 72-month contract, and closed at $1.015 million.
A slight setback in the real estate boom obviously has not discouraged some developers from what Las Vegas life has to offer.
The plan features, nine mid-rise buildings are two to four stories high. Located next to the Hyatt Regency, it features a Jack Nicklaus-designed golf course and Tom Fazio-designed course at both sides. The first phase of the project consists of 102 units, a two-acre lagoon with waterfalls, a central pedestrian plaza, and a bell tower.
Luxury mid-rise condos have grown in number especially around May this year. Among 11 proposed mid-rise projects, only three have seen completion. According to John Restrepo, principal of Restrepo Consulting Group, mid-rises have a promising future to them.
Projects are continuously mushrooming in the area. In northwest Las Vegas, Huffman Builders West will also build a 300,000-square-foot medical office complex --- the Centennial Hills Center. This will feature 12 single-story buildings, a two-story 60,000-square-foot building, plus a three-story 90,000-square-foot building. Centennial Hills Center is projected to be ready by the second quarter of next year.
Million-Dollar deals have also been closed, signaling more sites for development. Desert Vista Development is a 1.95-acre property at S. Arroyo Grande Blvd., Henderson. The deal was closed at $3.4 million.
Stable Development bought a 2.5-acre land at Horizon Ridge Parkway and Coronado Center Drive, Henderson. It was closed for $3.054 million.
Hotel Furniture Liquidators leased a 64,183-square feet industrial space from SKLV Properties LLC at $1,589 million for 43 months. Pure Essence Laboratories leased another 15,406 square feet of industrial space in Arrowhead Commerce Center. It was a 72-month contract, and closed at $1.015 million.
A slight setback in the real estate boom obviously has not discouraged some developers from what Las Vegas life has to offer.
posted by realestatevegas | 8:06 AM
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