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.
Bella Venezia I and II will provide 670,000 square feet of residential space in 425 condo units, along with retail space and two parking structures. Vegas Grand Condos pricing started from the $300,000s to $1.2 million.
The 20-acre land Del American purchased in August 2003 from Nevada Power for about $4 million has been appraised at $11.2 million.
There was a two year delay in construction due to flood control challenges and engineering difficulties of the Flamingo and Tropicana washes on the real estate.
$8.5 million has been spent on Vegas Grand Las Vegas infrastructure work, including 2,000 linear feet of 72-foot-wide, double-arched drainage culverts.
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Vegas Grand Las Vegas condos starts construction.
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