Las Vegas Luxury Highrises

In Las Vegas anyone looking for a truly luxurious apartment or home should consider the various options available to him. Condos in Las Vegas are a popular choice among off-shore buyer to be vacation homes. The special problem faced by any developer looking for projects in Nevada is the fact that 80% of the land is beyond reach, due to its ownership by the United States government. This land shortage has led many developers to think in terms of hi-risers, multi-story, luxury apartment buildings.

Condo hotels are another option for potential investors in the Las Vegas real estate market. Sophisticated investors enjoy the most elaborately appointed and completely furnished apartments. On- site leasing agents and rentals on a nightly basis help to add value to the investment.  When the owner is absent a professional property management company maintains and leases out the units to hotel guests on behalf of the owner. Condo hotels are becoming a hugely popular investment alternative that many projects were already sold out before even ground was broken on them.

On additional choice for those wishing to invest in Las Vegas are residential high rise condos. These projects focus more on the local market, seeking out young professionals who prefer to stay on the Strip and receive all the luxuries which would be offered in a great hotel. More and more of these investors are looking for urban style accommodations including lofts, live-and-work office lofts in addition to the usual high rise condos.

“It’s a lifestyle choice for those Generation-Xers like you see in the `Friends’ TV show. It’s an emerging market,” according to Carina Corporation President Mark Doppe. Carina is building several loft-style condominium complexes throughout the Valley to meet this demand.

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