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Vegas Grand luxury condos now controlled financially by Lehman Bros. A local Las Vegas commercial real estate company is now marketing the development. Vegas Grand is located near Swenson Street and Flamingo.

About a year ago, the land for Vegas Grand in Las Vegas, Nevada was appraised for $72.5 million, or about $4.55 million an acre with the cost of construction is approximately $78 million.

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Vegas 888 Las Vegas high rise condos developer Florida-based Del American, developer of Vegas Grand Las Vegas luxury condos on Swenson Street at Flamingo Road, has changed its business plan for the 8.6-acre site next to the Palms Las Vegas that was originally planned for Vegas 888 Las Vegas real estate. The developer now plans to build a mixed-use Las Vegas luxury resort hotel-casino.

Vegas Grand Las Vegas condos 212-unit first phase, named Vegas Grand Bella Venezia I, has begun vertical construction by general contractor Summit Builders. Vegas Grand Las Vegas Bella Venezia II, which includes 213 mid-rise residences and a 12-story, 129-unit Las Vegas condo mid-rise tower, will begin construction soon.

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Vegas Grand, Las Vegas luxury condominiums, at Swenson Street and Flamingo Road, is going vertical, said Florida-based developer Del American for Vegas Grand.

General contractor, Summit Builders of Nevada, for the first phase of the $650 million project, has started construction with the placement of underground electrical and is starting foundations, rebar, footings.

Bella Venezia building 1, is expected completion in May 2007 of the 212-unit condo building.

Continue reading Vegas Grand Las Vegas Condos Starts Construction