Yesterday’s Preview Las Vegas Event held at the Thomas & Mack Cox Pavillion painted a rosy picture of the future of Las Vegas. Besides the constant machine that brings tourists into town, real estate was another hot topic that was addressed by many of the presenters. And of course when you talk real estate, you talk about upcoming opportunities that you can potentially take advantage of.
One such newsworthy item is the opening of the $375 million MGM-AEG Arena, currently under construction at the site located behind the New York-New York casino hotel, which is scheduled to be completed in the spring of 2016. Condo buyers are seeing opportunities with luxury high rise condos that are now available at CityCenter.
Luxury high rise condos at Veer, Vdara, and Mandarin Oriental can capitalize on the potential of this sought-after venue that will undoubtedly host major events in Las Vegas, from sports to red-carpet events to concerts. All three of these CityCenter highrises will be connected to the new Arena through foot paths and rail systems.
Las Vegas is seeing a resurgence in the interest of high rises both as a primary living option as well as an investment opportunity. This new arena will happen, and perhaps should be the impetus for high net worth individuals to re-enter this market while prices are at their lowest in literally a decade. Consider the following availabilities:
- Veer High Rise Condos – Starting at $260,000
- Vdara High Rise Condos – Starting at $300,000
- Mandarin Oriental Ultra Luxury High Rise condos – Starting at $724,000
The real estate team at All Vegas Valley Realty successfully brokered one of the first high rise condo projects on the Las Vegas Strip, so we know the Las Vegas high rise condo market. Contact us and let’s talk about how you can benefit from the development of the AEG Arena. You have 455 days left before it opens, but if you don’t act now, you may miss out on great units and prices from others who recognized this opportunity sooner!