Liens against real estate developer pile up halting condo progress in Las Vegas. Economic downturn and improper construction has stopped construction on this $350 million ManhattanWest Las Vegas mid rise real estate development.
Problems arose for ManhattanWest last August. During this time the general contractor Camco Pacific replaced Apco Construction.
A local fire protection company said the system had to be completely replaced. It didn’t meet fire code requirements and was installed by an unlicensed subcontractor. The fire protection company is owed nearly $3 million.
ManhattanWest Las Vegas condos have racked up more than $30 million in construction liens. Construction was stopped last December by the developer.
To complete the real estate project needs investors to finish the project. Lienholders haven’t been able to contact the developer including a seismic repair company who’s owed nearly $500,000.
The developer has only wanted to start a conversation with real estate investors that had “real” offers. He hasn’t seen a verification of their assets.
Topping off of the nine story Element House was done in August. The residential portion of is about 80 percent competed.
Manhattan West Las Vegas if completed is located on a 20 acre site with 700 condo units offering shops, offices and restaurants in west Las Vegas. Source: Review Journal
$30 million in liens against real estate developer pile up halting condo progress.