Las Vegas Luxury Properties Link

A world-class team of hospitality, design and architectural firms have been enlisted to complete a $3 million redesign for The Martin, a high-rise residential tower in Las Vegas owned by iStar Financial as part of its Residential Division ("iStar Residential"). The redesign will include a renovation of the buildings common areas and the creation of an Effortless Ownership program offering five-star services to residents.

The Kor Group, the Los Angeles-based developer and design team behind Viceroy Santa Monica and Viceroy Anguilla, will lead the sales and marketing, interior design and Effortless Ownership program. Mark Tessier, the award-winning Los Angeles-based landscape architect, will design the green spaces. As of last week, 103 residences at The Martin have already been sold.

"The Martin is a once-in-a-lifetime opportunity to purchase a home in a well-designed, well-located luxury residential project offering five-star amenities and services at an affordable level, which can and will never be replicated again at these price points," said David Sotolov, senior vice president at iStar Residential. "Despite the state of the Las Vegas real estate market over the last couple years, we have maintained strong sales that continue to gain momentum as the market recovers. Our re-investment in The Martin will further improve and solidify the luxury, high-end quality of the asset."

The redesign of the common areas will begin in September and includes the porte-cochere, lobby, library lounge, pool area and poolside lounge, spa and fitness center, business center and conference room. Completion is expected by mid-December. The Effortless Ownership program that offers five-star services to residents is currently in development and will be available next month.

"Were excited about the partnership and believe the combined resources of The Kor Group and iStar Residential will redefine luxury living in Las Vegas," said Tripp DuBois, vice president of marketing and sales at The Kor Group. "Our goal is to create lasting value for our purchasers, investors and the community. Through inspiring design and highly serviced amenities, we are offering effortless ownership and casual luxury that is guaranteed to make your first home jealous of your second."

The Kor Group is responsible for the award-winning development and construction of over 10,000 apartment and condominium units, including the successful Eastern Columbia building and Barker Block development in Los Angeles, and development of a world-renowned collection of hotels and resorts including the Viceroy and Tides brands.

Located one-block west of the Las Vegas Strip and steps from the heart of CityCenter, The Martin is a 45-story high-rise residential tower offering unparalleled views, five-star services and amenities and exclusive access to the best of what Las Vegas has to offer. The Martin features 372 one- and two-bedroom modern, spacious residences, all of which have views of the Strip, designer finishes, state-of-the-art technology and spacious floor plans, ranging in size from 1,035 to 1,962 square feet. Five spectacular penthouses, from 3,653 to over 13,000 square feet, grace the top three floors. Prices range from the mid $200s to over $1.5 million.

 About The Martin: Located one-block west of the Las Vegas Strip and steps from the heart of CityCenter, The Martin is a 45-story high-rise residential tower offering unparalleled views, five-star services and amenities and exclusive access to the best of what Las Vegas has to offer. The Martin features 372 one- and two-bedroom modern, spacious residences, all of which have views of the Strip, designer finishes, state-of-the-art technology and spacious floor plans, ranging in size from 1,035 to 1,962 square feet. Five spectacular penthouses, from 3,653 to over 13,000 square feet, grace the top three floors. A $3 million renovation is underway by The Kor Group, the developers and design team behind The Viceroy Santa Monica and The Viceroy Anguilla and award-winning landscape architect Mark Tessier.

If you would like to schedule an appointment to see The Martin, please contact Felipe Crook from Prudential Americana Group Realtors, at 1-866-589-1646.  You can also start your free search of Las Vegas high rise condos for sale here.

Felipe Crook

Prudential Americana Group

Las Vegas, NV 89117

Have you seen the recent article by Morgan Brenann with Forbes about Palatial Penthouses?  It's absolutely incredible to see real estate in other cities and how much they cost, the style differences, and how quickly they are being purchased.  The luxury market is picking up steam around the country and Las Vegas is no exception.  In the past year 162 properties in Las Vegas sold over a $1,000,000.  The heftiest price tag of any Las Vegas luxury property sold within the last year was a mansion of epic proportions in the center of town: 7030 Tomiyasu Ln. 

 This is 24,000 sq ft home sits on 11.2 acres just south of the Las Vegas Strip, has 18 bedrooms, 18 baths, a night club, office building, two guest suites, and just about every other imaginable amenity.  It was originally listed for $24,000,000 and sold for $15,000,000 May 9th, 2011 for cash.   It took this property 212 days to sell.

    Luxury buyers in Las Vegas didn't just stick to the ground.  21 luxury high rise condos sold in the last year.  The top selling high rise was located in Howard Huges Center adjacent to the strip.  This condo was 4,903 sq ft, 3 bed room, office, 4 baths, and absolutely incredible views of the Las Vegas Strip. Click here to see a virtual tour of the unit. The property was originally listed for $5,950,000 and sold for $3,750,000 and took 620 days to sell.

Currently there are 26 penthouses for sale in Las Vegas.  Las Vegas doesn't have quite the selection of high rise condos as a New York or Hong Kong, but we do have a few very nicely designed buildings in different ranges.  Below are all of the units currently available for sale, click on the pictures to get more information about each unit. You can even track your favorite units.   One amazing unit for sale in One Queensridge Place is truly a palatial penthouse with over 15,000 sq ft, a two story pass through unit with views of the Red Rock Mountains and the Las Vegas Strip. It's a 5 bedroom, 7 bath unit with exquisite finishes. If you'd like more information about the high rise market, or if you'd like to schedule an appointment to see some of these beautiful units, please call Felipe Crook toll free at 1-866-589-1646 with Prudential Americana Group Realtors. Proof of funds are required to see many of these units.

Felipe Crook

Prudential Americana Group Realtors

Las Vegas, NV 89117

1-866-589-1646

Signature MGM Grand Residences were the first condo hotel project in Las Vegas Nevada.  They were the hottest thing during the real estate boom while the lure of positive cash flow.  You could enter your unit into the rental program MGM offered and make money while owing a piece of Las Vegas.  Many of the original owners bought pre-construction during 2003-2005 and were hoping to flip their units and make hundreds of thousands of dollars.  Unless you've been in a coma for last two years, you probably know that those ideas didn't quite work out so well.  What we're seeing now in those three beautiful towers is a mass exodus. 

• There are currently 137 properties on the market currently. 
• 67 Of them are Short Sales or Pre-foreclosures
• 19 are foreclosures
• 51 are regular sales

Now most of the properties that are foreclosures and short sales are aggressively priced.  The ODD numbered units are the ones facing the strip. Those units go very quickly and are in high demand.   The units available are Studios which are 520 sq ft, and the one bedroom units are 874.

• All Units are fully furnished
• Granite Counter tops
• Jetted Tubs
• Flat screen Televisions
• Sub-zero Refrigerator(one bedroom units)
• Full stove
• Couches, paintings, and utensils
• Valet
• Concierge
• Pool and Fitness center access

These are just a few of the amenities included with your units. Prices have dropped considerably.  There are units as low as $129,000!!  Take a look at the available units below.  If you'd like more information on any of these units, please contact me toll free at 1-866-589-1646 simply click on the listing.

Center Center in Las Vegas is the largest privately funded construction project in the United States. The MGM-Mirage's $11 billion project had stalled with 50% of the project unsold, in part because of the high sticker price of these condos.  Today, MGM announced the project would cut prices of existing units by 30%!  Those buyers who are currently under contract will be contacted by City Center sales agents regarding the price reduction.  This comes as a relief to the future owners of condos in the project as the real estate market has taken a steep turn for the worse since the original contracts were written.

"We believe that in this economic climate, this price reduction is an appropriate step to take on behalf of our buyers so as to provide them greater flexibility in closing on their residences," said Bobby Baldwin, chief executive of CityCenter and chief design and construction officer for MGM Mirage.

MGM makes the announcement in one of the worst housing markets in history, but Las Vegas is starting to show signs of recovery.  The higher end market is moving more slowly then the entry level homes, but the new price structure of City Center might allure investors and second home owners to make a move into one of the most prestigious projects in the world.

City Center is comprised of 5 different buildings:

Aria: The main casino for City Center

Vdara:  A Condo Hotel Building

This tower will feature, 1,543 Condo Hotel Residences located just south of the Bellagio in a 57 story tower. Amenities include:* Pool, Cabanas, whirlpool atop the porte cochere with VIEWS * Appointed "Retreat Cabanas" * Day-to-Night pool bar and lounge * Fully equipped Fitness Center * Wellness Spa * Full Service Salon * Intimate gourmet grocery featuring a coffee bar * High Tech conference facilities * Owner's Mail Room and Laundry facilities * Connected to Bellagio via pedestrian walkway * Nightly Rentals Permitted * Green Building Registered to pursue LEED Certification

Mandarin Oriental Residences and Hotel:

The Mandarin Oriental will house 227 residences atop a 400 room hotel in the amazing City Center project. There are two distinct floor plan collections; The Luxury Collection and the Penthouse Collection. The Luxury Collection occupies floors 24-40 and consists of one bedrooms, one and two bedroom plus den. There are 11 floor plans that range from 1,100 sq ft to 1,700 sq ft. These units have a wonderful Asian influenced design available in three different themes. Ceilings are 10' high with operable windows to incorporate the fantastic views. Solid Core Entry doors with designer hardware, detailed base molding, stackable front loading washers/dryers, elegant stained hardwood flooring, and pre-wire are included in each unit. The Penthouse Collection is premiere residence in Mandarin Oriental. These units are for owners interested in putting their own touches into their Las Vegas address. The units are delivered unfinished or "Grey Shell" and occupy the top 6 floors of the building. All surfaces, including ceilings, are delivered unfinished. Interior walls, appliances and fixtures are supplied only for the purpose of code compliance. There are 7 spacious floor plans with incredible views, almost 11' ceilings, pre-wire for state of the art television, telephone, computer Ethernet and CAT 5.

Veer Towers: Strictly Residential Building

Veer Towers was designed by architect Helmut Jahn and is a spectacular example of our modern age. These two towers rise 37 stories with approximately 335 condo residences in each tower. They are both inclined at 5 degree angles which gives them the illusion of dancing. Fransisco Gonzalez-Pulido designed the lobbies and public spaces with impressive works of glass and metal with tons of natural light. The residences were designed by Dianna Wong Architecture and Interior Design, INC. which incorporates a modern style with a sleek openness, floor to ceiling windows for great light, and spa-styled bathrooms. Veer Towers is also very conscious of people on the go with such feature as a private valet, a fully staffed lobby, a business center, recreation room, an upper floor media room for films, and a fitness center. The thing I found so amazing was the roof top infinity pools surrounded by decking for sun bathing and relaxing. Can you imagine getting a tan on top of your building over looking the hustle and bustle of the city? The residences are available in studios, one and two bedrooms, and penthouses. Square footage ranges from nearly 500 sq feet to 3,300 sq feet.

Harmon: Strictly a hotel

For a live construction feed of the project click HERE.  There are still plenty of units available for sale, if you'd like a private tour of any of these units, please contact me toll free at 1-866-589-1646 or email me at felipe@felipecrook.com   If City Center is not quite what you are looking for, I have access to every high rise on the market, so feel free to call me and I'd be happy to send you a list of properties that match your criteria. Thank you.

Felipe Crook

Prudential Americana Group Realtors

Las Vegas NV 89117

If you are looking for the conveniences of a high rise, but want the luxury of a country club, I have the perfect property for you. I recently listed a gorgeous two story penthouse in Regency Towers in the heart of the Las Vegas Country Club. This property is a rare penthouse that actually has it's own private pool! Here are some of the important details of this stunning unit:

• 3500 Sq ft
• Two Story with Floor to ceiling windows
• 3 bedrooms and 3 baths
• Gray Shell/Designer ready unit
• Overlooks the golf course, downtown, and the mountains of the valley.
• 24 hour guard gated security.
• Priced far below comparable units.

Take a look at my latest video on this property:

If you would like more information on this property, please click contact me  for a private tour. You can also call me toll free at 1-866-589-1646.  Felipe Crook Prudential Americana Group Realtors