Chef Charlie Palmer Las Vegas Condos Cancelled On Golden Palm Land
Tuesday, February 27th, 2007
Charlie Palmer Las Vegas condo-hotel has been cancelled. The Golden Palm Las Vegas real estate owners have tried for the past seven years to redevelop the corner property at Dean Martin Drive and Tropicana. Golden Palm will close March 12, 2007 and will be sold April 5, 2007.
Golden Palm real estate has been appraised in November 2006 for $46.6 million. Clark County has approved a future Las Vegas hotel for the property which stands 41 floors, 100,000 square feet of restaurants and shops and 560 rooms.
The Las Vegas Land that this aging hotel sits on is on a small 3 acre island that makes redevelopment difficult.
The Golden Palm sale is necessary because of the inability to find a joint venture partner and rising construction costs.



