Las Vegas Strip real estate actually refers to the older part of the Strip and the area surrounding the convention center. Just like the Lower Las Vegas Strip, real estate here is hot! The Las Vegas Strip has it all, from every kind of restaurant to every possible kind of shop, the resident will not have to wander far for anything they might need. Moreover, if you want to head out of town, the freeway is only 5 minutes away, along with McCarran International Airport.
Currently, much construction is underway (or planned) for new hotel/condo residences. Many of these units give owners the option of full-time residence, or property management agreements with the developers. Some of the planned units are:
The Soho Lofts – This great property gives the inward appearance of living in New York. The high rise towering 225 feet above Las Vegas Boulevard, with modern art deco architecture in the heart of downtown, retail/restaurant along 1st floor along with 24-hour doorman and grand lobby entrance, scheduled to debut in February 2006.
Newport Lofts – This new development, plans for 168 Luxury lofts. The sizes of the lofts will start at 900 square feet and go up to 1600 square feet. Prices are expected to start at $500,000 and go up to $2 million.
Conrad-Majestic – A luxury, high-end, hi-rise condo-hotel (five stars) soon to be built on Las Vegas Boulevard. One bedroom units are planned to range from 865 square feet to 1,065, and cost between $710,000 and $1 million. Larger condo units on higher floors go up to $2.4 million. The hotel will be managed by Conrad-Hilton, the luxury brand of the Hilton Hotel family. This 272 hotel suites, meeting rooms and 196 residence hotel is scheduled to open in 2008.
Cosmopolitan – These elegant condos offer amazing views in a studio like setting. With and anticipated five-star rating, The Cosmopolitan will be built on Las Vegas Boulevard between the Bellagio and MGM's Project City Center. At The Cosmopolitan is forecasted to open in 2008. Prices will range from $650,000 to over $1 million. Condo units available will be studios of 593 square feet (plus balcony) to one-bedroom units with 906 square feet and additional 150 balcony.
Pinnacle – A high-end community located on the west end of The Las Vegas Strip, offering studios, 1, 2, and 3-bedroom residences, penthouses, and poolside town homes. Prices are expected to start in the $400,000's for the studios, $500,000's for the one bedroom units, $600,000's for the two bedroom units and the penthouses, bridge units and town homes will go over $1 million. Construction is slated to begin in October of 2006 with an estimated completion date early 2009.
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