Saturday, December 3, 2016

What's in Store for the Las Vegas Strip Growth-Wise in 2017?

Las Vegas Strip Real Estate Review

Read the News:

The photo above was taken from the North Side of THE MARTIN high rise from the 30th floor

What's in store for Las Vegas real estate on and near the strip?  The few residential high rise condo towers seem to be well poised for upside appreciation. Here's my take for what it's worth:

Allure, Sky, and The Martin are all the subject of Construction Defect Lawsuits-( not unusual in residential Las Vegas high rise real estate.) Prices are depressed as lending is tight under these circumstances. 

Prices on a per square foot basis are well below reproduction costs.

No new residential high rise condo towers are on the drawing board.

High rise rentals in CityCenter and Panorama Towers are in strong demand.

The Las Vegas Strip's landscape will change with the addition of the Lucky Dragon - a boutique hotel - intimate in style like the old days of Vegas  - back in the 1970's. This atmosphere plus great authentic Asian dining options, will surely drive traffic to the north end.  W is opening its SLS Tower & WYNN & Genting have big plans.  Guess who's smack dab in the epicenter of the new WYNN & ENCORE new PARADISE PARK location and Resorts World, and ALON?  Trump Tower!  

Here is what is for sale in TRUMP TOWER LAS VEGAS.

to see the epitome  of life at the top on & near the Las Vegas Strip!

No comments: