Vegas Grand luxury condos now controlled financially by Lehman Bros. A local Las Vegas commercial real estate company is now marketing the development. Vegas Grand is located near Swenson Street and Flamingo.
About a year ago, the land for Vegas Grand in Las Vegas, Nevada was appraised for $72.5 million, or about $4.55 million an acre with the cost of construction is approximately $78 million.
Las Vegas Luxury Real Estate Home Sales For May 13 - 19 2008
$1 million, Sierra Vista Rancho Las Vegas, 5,415 square feet, 5 bedrooms, 4.5 baths, guard-gated entry Las Vegas luxury home, stone exterior, equestrian estate, travertine flooring and French doors.
$5.1 million, The Ridges in Summerlin, 6,946 square feet, 4 bedrooms, 5.5 baths, disappearing glass walls, custom glass art, four-car garage, pool and spa.
Aria Las Vegas resort named as Project CityCenter’s Las Vegas jewel of the $9.2 billion development on the Strip. MGM Mirage this week unveiled the name of the 4,004 room, 61 story high rise with two curved glass hotel towers.
Architectural company Pelli Clarke Pelli designed Aria’s 150,000 square foot casino area and the two hotel towers.
M Resort Las Vegas announced plans for 1 million square foot retail mall this week in the mixed use real estate project.
Anthony Marnell III envisioned his $1 billion M Resort and Las Vegas NV hotel similar to the outlying Red Rock Resort in Summerlin and Green Valley Ranch Resort in Henderson, Nevada with one exception, a large shopping component.