Exterior construction on the east and west towers, amenities and Las Vegas casino are continuing as planned. At completion, the 8.5 acres, will house 2,998 hotel condo units within Cosmoplitan.
The local real estate developer is looking to create an investment group for buying discounted senior notes for completion of the development.
This past year in Las Vegas the pricing for residential real estate has deeply been discounted. Many developers have lowered their prices to levels of at or below their cost. At this pace many builders are going bankrupt or out of business. Continue reading Manhattan West Las Vegas Condos Stopped Construction On Development
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Cosmopolitan luxury condos expect units to close for buyers the first half of 2010. Real estate brokers and hard contract holders of Cosmo units will receive letters outlining the current state of the condominium project on the Strip.
Cosmopolitan Las Vegas breathes new life with Deutsche Bank purchase. The financially troubled luxury Las Vegas Strip hotel has been bought out of foreclosure by an affiliate of Deutsche Bank for about $1 billion and they will continue to manage the design and construction of the Strip development.