Luxury Hotel Tower Construction Stops As Necessary Redesign Begins

Cosmo Las VegasLuxury hotel tower construction stops as necessary redesign begins.  Workers stopped interior work this week on the west tower Cosmopolitan high rise condo tower located on the Las Vegas Strip.

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.

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Cosmopolitan Luxury Condos Expect Units To Close First Half Of 2010

Cosmopolitan HotelCosmopolitan 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.

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Cosmopolitan Las Vegas Breathes New Life With Deutsche Bank Purchase

Cosmopolitan HotelCosmopolitan 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.

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Cosmopolitan Las Vegas Luxury Condos On The Strip Begin Foreclosure

Cosmopolitan Las VegasCosmopolitan Las Vegas condo hotel on The Strip begin foreclosure proceedings. Deutsch Bank notified the Cosmopolitan real estate developers a week ago that they will start bankruptcy due to the rising construction costs and volatile credit markets.

The luxury high rise is adjacent to the massive MGM Mirage Projecty CityCenter resort on the Strip.

Another potential construction delay or complete scrapping of a $6 billion development could be The Plaza at the previous site of the New Frontier across from Wynn Las Vegas, Nevada.

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