The Mercer Las Vegas condos construction has begun. This is a mid rise condominium project with prices starting from $422,000 for a two bedroom home for sale.
The real estate development is located on 5 acres in southwest Las Vegas, Nevada. JDL Development from Chicago is grading the site.
Occupancy is expected for The Mercer sometime in summer 2008. The sales have been strong with approximately half of the Las Vegas homes sold.
The pricing structure hasn’t dropped for these luxury condominiums even though the rise in foreclosures and the turbulent nationwide housing market.
Foreclosures will allow people moving to Las Vegas to enter the housing market who might not have otherwise been able to afford a home here, he said.
The units range in size from 1,400 to 2,370 square feet. The Mercer Las Vegas prices range for two bedrooms at $422,00 and for three bedrooms $748,000.
JDL in cooperation with Modern Living Holdings from Las Vegas, NV has formed a joint venture for The Mercer. JDL has completed more than 1,000 luxury condos and its currently developing a high rise apartment in Chicago.
The Mercer Las Vegas condos started construction for a 2008 opening.