The $625 million One Las Vegas High Rise Condominiums were designed to have 970 condos in five condo towers, as well as retail and hotel space. One Las Vegas has luxury condos for sale that are priced at $1,299,000 for the 2854 square foot, 3 bedroom, 3.5 bath penthouse condominium and $439,000 for a one bedroom, one bath condo at the low end.
One Las Vegas ran into trouble when it failed to sell 307 out of 359 condos that they have built so far, as 108 out of 218 buyers chose to cancel their contracts.
BSR Group which Partnered Amland for One Las Vegas has started the process of turning their share of the property over to the bank that is financing the One Las Vegas condo project through deed in lieu.
Investors who chose to invest in Las Vegas high rise projects should pay particular attention to the ratio of unsold units to sold condo units and also check to see if the project is under litigation as many of these projects are.
Related web-site links: buying Las Vegas condos for sale, Las Vegas houses, condominiums and commercial real estate for sale, Articles about Las Vegas high rise condominiums
0 responses so far ↓
There are no comments yet...Kick things off by filling out the form below.
You must log in to post a comment.