Cosmopolitan Las Vegas Luxury Condos On The Strip Begin Foreclosure
Wednesday, March 19th, 2008Cosmopolitan Las Vegas condo hotel on The Strip begin foreclosure proceedings. Deutsch Bank notified the Cosmopolitan real estate developers a week ago that they will start bankruptcy due to the rising construction costs and volatile credit markets.
The luxury high rise is adjacent to the massive MGM Mirage Projecty CityCenter resort on the Strip.
Another potential construction delay or complete scrapping of a $6 billion development could be The Plaza at the previous site of the New Frontier across from Wynn Las Vegas, Nevada.