BluefoxToday blog : CityCenter condos selling briskly

CityCenter condos selling briskly

MGM Mirage's CityCenter is a massive entertainment and residential enterprise located right on the Las Vegas Strip south of Bellagio. Construction is moving forward on schedule and the project is estimated to open its doors in November of 2009.

The development will have a total of 2,650 luxury condominiums in four separate buildings, namely in Veer Towers, Mandarin Oriental, Vdara Condo Hotel and Harmon Hotel. About half of the available units have been sold to date which has produced $1.63 billion in revenue, nearly 60% of the total projection at sell-out. Please click on the link in this paragraph to read the entire article.

_______________________________________________________________________________

Provided by: 

Esko Kiuru
Mortgage, real estate and apartment industry analyst 

www.BluefoxToday.com - syndicated mortgage, housing and property management blog

eskokiuru@gmail.com
My cell: 702-499-1006

Comment balloon 8 commentsEsko Kiuru • January 18 2008 12:44PM

Comments

I was in Vegas over New Years and it looked as though everything was progressing along!  If the "Rat Pack" could see Vegas now!!  :)
Posted by Rick Tourgee, Provincetown and Cape Cod (Robert Paul Properties, Inc.) almost 11 years ago

Rick,

The Rat Pack wouldn't recognize the Strip any more.

Posted by Esko Kiuru almost 11 years ago

Esko 2650 condo’s, I can’t imagine something that big, mush less 1.63 billion dollars for just 50% of the units.  Can you imagine doing the loans on that many units :)

Posted by George Souto, Your Connecticut Mortgage Expert (George Souto NMLS #65149 FHA, CHFA, VA Mortgages) almost 11 years ago

George,

I'd be happy to do just a fraction of that volume. Amazing.

Posted by Esko Kiuru almost 11 years ago
Esko, it is nice to see some postive news about your market!  Is it improving or is it just this complex that is going so well?
Posted by Joanne Hanson, Summit County, Colorado Realtor (Coldwell Banker Colorado Rockies Real Estate) almost 11 years ago

Joan,

It's because of the MGM Mirage brand that is helping sales. Otherwise the market is still fluid.

Posted by Esko Kiuru almost 11 years ago

"fluid" is a good word Esko!  It is still nice to hear some encouraging news.

Posted by Joanne Hanson, Summit County, Colorado Realtor (Coldwell Banker Colorado Rockies Real Estate) almost 11 years ago

Joanne,

The luxury segment is still holding its own.

Posted by Esko Kiuru almost 11 years ago

Participate