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John Vanhara Developer touts new condo project’s pricing package
By HUBBLE SMITH
REVIEW-JOURNAL
Del American’s planned $325 million, 880-unit Vegas Grand condominium
project to be built at Flamingo Road and Swenson Street. Prices are in
the $200,000 to $300,000 range.
Chris DelGuidice nailed 102 reservations at an Oct. 29 party he held
at the Bellagio to sell his 880-unit Vegas Grand condominium project on
Flamingo Road and Swenson Street.
DelGuidice, chairman and chief executive officer of Orlando, Fla.-based
Del American, said his $325 million development offers a pricing package
different than anything currently existing in the marketplace.
The lower prices of $200,000 to $300,000 are competitive with Amland
Development’s Park Avenue condominiums in the south Strip area, around
Windmill Road.
DelGuidice said the 12- and six-story Vegas Grand towers have more to
offer, including a better location and nicer amenities.
“We’ll take it to another level,” he said while entertaining about 250
invited guests in the Monet Room. “Our finishes meet a level of products
that are selling between $300 and $500 a square foot.”
Those would include Turnberry Place, which has nearly completed its
third tower and is starting to sell the fourth and final tower, and Park
Towers, as well as planned projects such as Panorama and Metropolis.
The 299-unit Panorama, being developed on Industrial Road just south
of the under-construction Harmon Avenue overpass, offers a two-bedroom,
1,482-square-foot loft at $475,000 ($320 a square foot) and 2,355-square-foot
units starting at $695,000 ($295 a square foot).
Sasson Hallier Development has a temporary sales office for the 299-unit
project at 4680 S. Polaris, on the third floor. A permanent sales center
is slated to open within two weeks at the site. About 90 percent of the
units are reserved, Laurence Hallier said.
Metropolis, at Desert Inn Road and Debbie Reynolds Drive in back of
the Greek Isles, is about 60 percent sold, saleswoman Martie Terry said
last week. Flats are starting at $560,000, and lofts are about $750,000.
One penthouse suite is available for $2.9 million.
The shuttered Royal Aloha time share was demolished to clear the 1.4-acre
site for Metropolis, which is being developed by Randall Davis of Houston.
DelGuidice paid $4 million for 20 acres to develop Vegas Grand. He said
the land, previously owned by Nevada Power Co., had been appraised at $11.2
million.
It’s an “extremely challenging site,” he said, with the Flamingo Wash
running through it and an adjacent power station.
“You can see how the buildings fit on the site without affecting the
wash,” DelGuidice pointed out in a model designed by Ed Vance and his team
at JMA Architecture Studios.
“We got it rezoned from three units per acre to 45 units and engineered
it to make it work for us.”
He also scrapped original plans for 440 luxury apartment units because
the construction budgets came in substantially higher than he had estimated,
going instead with all condominiums.
Vegas Grand is for sale NOW !!! Contact me to get information for pricing and availabilty. Visit our site here
Don’t wait, call today !!!
Jeff Smith
MillionSaverHomes.com who is local Las Vegas real estate broker
(702) 296 7835
jeffsmith@millionsaver.com
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