Pinnacle Las Vegas luxury condos names Dick Corp. as general contractor. Pinnacle real estate, is a $740 million condo resort development with 1,100 units near the Orleans hotel. Dick Pacific Construction is the Honolulu, HI subsidiary of the Pittsburgh contractor who will oversee the daily construction of the real estate.
One of the major construction jobs for Dick Corp. at Atlantis was the bridge between the two towers. The Las Vegas high rise location will have four bridges between the two 36 story iconic towers. Venetian construction included the structure work and concrete foundation for the $2 billion project. Jon Sparer of Youngblood Wucherer Sparer Architects Ltd. designed the towers.
During July site work for Pinnacle Las Vegas happened when demolition of two buildings on the 12 acres of land located at Cameron St. and W Tropicana Ave. The predevelopment bridge loan was $50 million from Berkshire Capital of New York City, NY. The pre development loan will be paid off by the $550 million construction loan.
The Falcon Group is both the landowner and the developer in Las Vegas, NV. The partnership includes Praxis Resources Inc., the Elysium Enterprises from Las Vegas and the Falconi Group. Praxis and Falconi Group are Pennsylvania real estate development companies. Mike Bellon, of Elysium Enterprises, is a local real estate developer and entrepreneur who buys, develops and sells auto dealerships. The Falconi Group owns a portion of the Pittsburgh Penguins, auto dealerships and shopping malls.
Falconi has owned the land that Pinnacle will occupy for 20 years. This will keep the cost lower than Strip properties. The average condo sale price will be in the $700 per square foot range. Penthouses are for sale between $1,200 and $1,500 square feet. Total unit sales are expected to top $900 million.
Rise Realty is the exclusive broker of which FineHomesLV.com is a real estate agent.
Interstate Hotels & Resorts of Arlington, VA, will manage the resort. Owners can choose to rent their units on a short-term basis through an in-house residency program.
Amenities to include are a one quarter mile jogging track, dive in movie theatre and a three acre wet deck on the sixth floor with a flower shaped pool. Other amenities will include a full service spa, 40,000 square feet of executive office space, two 7,500 s.f. restaurants. Townhomes will also be included in the project.
Pinnacle Las Vegas luxury condos names Dick Corp. as general contractor.