Palazzo Las Vegas high rise condos are are being planned for the Palazzo real estate project by Las Vegas Sands Corp. Operator of the Sands Expo and Las Vegas Convention Center have received approval from Clark County to add a Las Vegas condominium tower to its plans for the $1.8 billion Palazzo Resort next to the Venetian Hotel.
The Las Vegas condos addition to the commercial real estate project approved Wednesday is a 632-foot high rise tower to be built atop an already approved building that is planned to house an 85,000-sf Barney’s retail store among others. Rising at the corner of Spring Mountain Road and Las Vegas Boulevard, the Palazzo commercial real estate includes the 450,000-sf Shops at the Palazzo Resort Hotel Casino and an 1,800-seat theater, and a 3,000-room Las Vegas hotel tower.
The County Commission’s approval, contingent upon a formal development agreement, granted Las Vegas Sands several code variances. Sands received breaks on requirements for the setback and parking for the upper portions of the tower, according to county planning.
Las Vegas Sands is following in the footsteps of MGM Mirage Project CityCenter and Trump Tower Las Vegas, both of which have found plenty of buyers for their Las Vegas high-rise condominiums product overlooking the Strip. MGM Mirage has a lot of interest in the 2,900 residential units it is developing in three high-rise towers in Las Vegas as part of its $7-billion Project City Center development adjacent to the MGM Grand, and Trump Tower Las Vegas has sold out his 1,282-unit Trump International Tower Las Vegas now under construction.
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The Palazzo Las Vegas condos planned by Las Vegas Sands Corporation.
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