Golden Nugget Downtown Las Vegas hotel adds a $121 million third tower. Construction is progressing for the 25 story downtown tower with reinforcing pillars that will support the lower levels of the hotel casino. The multi use space will include a pool deck, gaming, walk up retail and 524 additional luxury rooms.
McCarran Airport Las Vegas halts or deletes $360 million in projects from their five year capital improvement plan. The huge $3.7 billion in improvements to McCarran Airport is shedding some projects due to the current credit market and downturn in the airline industry.
City Crossing mixed use real estate in Henderson, Nevada seeks reorganization. Plise Development, Las Vegas based developer, obtained $180 million in short term debt during the first part of 2007 which matured about four months ago.
City Crossing is a $2 billion development within 6 million square feet near the Henderson Executive Airport. Real estate site improvements have started that include utilities, grading and roads.
Manhattan West condos for sale in Las Vegas, Nevada real estate topped off Element House. Element House is the nine story flagship building within the southwest development of Manhattan West. It is located off of the I 215 and Russell.
Gemstone Development is continuing construction progress while others in the Las Vegas real estate market have either halted or stopped their projects due to the falling credit market and current economic conditions including Trump Towers Las Vegas, Plaza, Crown Las Vegas and Echelon on the Strip.