Summerlin Centre real estate developer halts construction progress for at least a year. Construction delays on the Las Vegas Strip, including Echelon resort, are sending a ripple effect throughout the valley. The recent delay involving General Growth Properties’ shopping center, named High Street at Echelon, extends to their retail property in Summerlin.
One Queensridge Place Las Vegas luxury condos receives loan extension until from mortgage lenders until May 2009. The real estate developer of One Queensridge Place near Summerlin, Nevada is IDB Development Corp.
IDB company is also developing the mixed use project, across the street from One Queensridge Place, the Tivoli Village at Queensridge. Through Executive Home Builders they are investing $850 million dollars with cash equity in the Tivoli Village project.
Queensridge high rise started two years ago in construction.
The Shops at Summerlin Centre in Las Vegas, Nevada real estate includes Dillard’s, Macy’s and Nordstrom. The real estate developer of Summerlin Las Vegas announced two new additional retail anchors for the 1.5 million square foot retail center adjacent to Red Rock Casino Las Vegas.
Mira Villa Las Vegas condominiums bankruptcy saga continues in court. Two motions were filed including a bond to pay for construction completion.
The Mira Villa condo appointed trustee has filed the motions to ultimately sell the development in Summerlin real estate near the luxury One Queensridge Place.
One motion is allow the sale of the completed mid rise condos to pay off the loan allow the sale of homes to the existing buyers. The second is a motion for a $46 million bond to finish the phase of construction, market and pay the mortgage interest of the existing loan.