Loft 5 Las Vegas condos construction progress for building one of its first phase 136 units is expected completion in late February, almost two years after the condo project broke ground. Loft 5 Las Vegas is a $30 million South Strip real estate project.
These luxury Las Vegas lofts use engineered lumber and a three coat stucco system to the exterior of the buildings to give them straight lines.
Loft 5 real estate developers are using two independent walls, separated by an inch of air, making the lofts quiet. This is the extra effort Loft 5 developers go for a better product.
Vanguard Construction is the general contractor for this 10 acre site in Las Vegas, Nevada. There is usually 250 to 350 workers onsite daily.
The buildings at this mid rise condo project are all lathed in phase one with stucco applied on two buildings, sheet rock and interior insulation is being installed in buildings two and three and decks and windows are being placed in building four.
Preconstruction prices at this Las Vegas, Nevada real estate condo project started in the $300,000s and are now priced in the $500,000s. 136 units in four loft buildings are included in the second phase. Corus Bank of Chicago provided a $56.5 million Loft 5 construction loan.
Real Estate developers Gian Matteo Lo Faro and Jonathan Stern of New York have purchased the 5-acre nursery and Las Vegas home next to Loft 5 real estate. Their plans are to build a similar condo project called L5. L5 studio units start at $180,000 and one-bedroom units are priced from $302,000.
Loft 5 Las Vegas condos for sale on the Strip construction progress.