Blog Archive

Is Las Ramblas In DOA?

Rumors are flying around the Web about Las Ramblas, George Clooney and Partners stake in Las Vegas High Rise Condo Hotel property slated for the Harmon Corridor.

In the New York Post it reads:

December 21, 2005 -- IT doesn't look like George Clooney is going to make that big financial score in Las Vegas as he did in "Ocean's Eleven." Sources tell The Post's Braden Keil that his much-ballyhooed, $3 billion Las Ramblas condominium and entertainment project on 25 acres in Sin City is in trouble and may be scrapped. Clooney and partners, who include Rande Gerber and Miami builder Jorge Perez, made big news last summer when the plan was announced, with the Hollywood heartthrob saying he'd donate his share of profits to charity. But the Vegas housing market is already experiencing a condo construction glut. Calls to the Related Cos., developer of the complex, were not returned.
Page Six, Richard Johnson with Paula Froelich and Chris Wilson

Ivana Las Vegas luxury condo tower listed for sale

The Ivana Las Vegas Tower, originally called The Summit, is listed for sale on a real estate Web site for $49 million and has reportedly stopped selling units.

This project seemed doomed from the start locking on to Ivana Trump apparently due to her name. Ivana's ad campaign was "Size Matters" taking shots at the Ivana Tower was slightly taller than her ex-husband Billionare Donald Trump.

Trump Towers has broken ground due to its strong brand name "Trump" and is moving forward quickly.

Ivana marks another downed project slated for the famous Las Vegas Strip. The projects that are going to get built are the ones with strong brand names as well as experienced developers.

If you have any questions about Las Vegas High Rise projects call me at 702.372.2671

Olivia

Vegas888 - Press Release

VEGAS 888 is going to be 50 Levels of Spectacular Pacific-blue Glass that wraps itself around this modern day master piece.

Del American, is launching VEGAS 888, The Ultimate Luxury Resort Condominium Residences. VEGAS 888 is a 50-story tower located between the Las Vegas Strip and the Palms Resort Casino at Flamingo Road and Hugh Hefner Drive, in Las Vegas, Nevada.

Vegas 888 is now accepting individuals to register to be the first on the exclusive VIP reservation list. These luxury Condominiums residences will offer 50 levels of spectacular Pacific-blue glass in one-, two- or three- bedroom Penthouse Lofts, Sky Villas and High-Life Suites ranging from 800 to more than 8,000 square feet of living space with astonishing Las Vegas Strip views.

This vision was embraced for VEGAS 888 by Del American and its award-winning architectural team, to create three original interior design styles: Tech Italia®, Trada Eleganta® and Pacifica Exotica® with lavish finishes from Snaidero, Vitraform, Miele, Wolf, Sub-Zero, Poliform, Dornbracht, Lutron, Raydoor and Toto. Sumptuous Spa Baths®, steam rooms, soaring 20-foot, floor-to-ceiling glass, stone to wood flooring, private balconies, granite to stainless steel counter tops and sleek glass stairs.

The intimate world-class luxuries of VEGAS 888 will be unprecedented. Thirty-five levels above the Strip, Spa 35® will house a 12,000-square-foot, multi-level and full-service resort spa. The Riviera Hot Spot® will be a private European sunbathing oasis for residents. This area will also contain plunge pools, outdoor rain showers, exotic edgeless pools and spas. After an exotic dining experience at VEGAS 888's signature restaurant you will party close to stars with your membership to The Whale Club®, VEGAS 888's exclusive Strip-view night club

The VEGAS 888 pool areas will contain private multi-level poolside Villas with rooftop hot tubs and outdoor rain showers. Three-room Bungalows or Cabanas with private patios, will be available for residents only. VEGAS 888, the Ultimate Luxury Resort Condominium Residences, will be operated by a five-star resort staff who will offer residents and their guests the ultimate in personalized services 24-hours a day. Our VEGAS 888 Blue Glove Service® will encompass Private Butlers, Concierges, Doormen, Bellmen, Valets, Housekeepers, Spa and Pool Attendants and Dining Staff whose sole mission is to anticipate and fulfill every desire of each resident.

The luxury condominiums are priced from $750,000 to more than $10 million. Pre-register for this unique opportunity at http://www.oliviasellsvegas.com/, or call the Olivia at 702.372.2671 or email our sales team directly at olivia@oliviasellsvegas.com. Construction is set to commence in the first quarter of 2006 by Tutor-Saliba-Perini.

Condo Conversion Market Creates Gap in Housing

It is estimated that another 4,100 apartment units are in the process being converted, while another 2,900 are n the planning stages, with estimates of over 15,000 ultimately planned. These condo conversion projects meet the price range needs of first time home buyers, lower incomes, and investors.

Currently, over 23 condo conversions are in planning or sales stages, with many in final sales stages. These conversions have seen a dramatic price increase in the first half of the year. In January 2005, the average price for a two bedroom condo was about $150,000. As of September 2005, the median sales price was over $208,000, on average selling for over $200 a square foot, but with the median home prices reaching just almost $300,000, for the same month, a condo has now become an affordable entry level option.

The condo conversion market is also creating an appealing rental market for investors. As 7,000 to 15,000 rental units are converted, this is having a positive impact the rental prices. As the demand of new residents, many of whom are being relocated and can afford higher rents, more Class-A apartments are being built but since June 2005 only 355 apartments units were built to meet this demand. Rents are already starting to increase as the supply diminishes with the condo conversions and the demand continues with the influx of new residents and businesses.

Olivia

The Cosmopolitan Breaks Ground

Cosmopolitan Developers broke ground on their 1.8 billion dollar Cosmopolitan Resort and Casino.

Cosmo is located on 8.5 acres between the Bellagio hotel-casino and the planned MGM Mirage CityCenter project.

The complex includes a 75,000 square-foot casino, 300,000 square-feet of retail and restaurants and a five-acre pool deck dubbed "the adult playground."

The Cosmopolitan is slated to open in 2008.

Call me for more info on how to reserve a Cosmo unit.

Olivia McClellan, ABR RGG REALTOR
Liberty Realty
702-372-3056

Project City Center

Project City Center, scheduled to debut in 2009, is a planned casino, retail, residential, and hotel development on the Las Vegas Strip. According to MGM it is the largest privately financed project in US history, with a budget of over $5 billion dollars on a 66 acre site, it will include 2 400 room 5 star hotels, a 1000 unit hotel condo and 100 unit residential condo. This 18 million square foot project has attracted the best of the best with designers such as Cesar Pelli, FAIA, James KM Cheng's, and Rafael Vinoly, FAIA signed on to sculpt the architecture of the towering buildings that will ultimately change the Las Vegas sky line for years to come.

For more details see the investor section on my website at
www.oliviasellsvegas.com

If you don't already have the investor password contact me at 702-372-2671.

Thanks
Olivia McClellan

Cosmo Signs Construction Contract

10-31-05

The Cosmopolitan Resort & Casino in Las Vegas signed Perini Building Company to a 1 Billion Dollor Contract.

Cosmo which has been quiete lately will official break ground on the 5 million square feet of mixed use space some time at the end of October.

There are two high rise hotel / condohotel towers scheduled as wekk as convention space, restaurants and day to day services for residents. For a full list of amenties and more info on Cosmo - please go to www.oliviasellsvegas.com

Las Vegas Condo Market

The Las Vegas Condo Market is still on fire. Home sales may have slowed but the under $250k price point is still the hottest market for buyers and investors.

"There are a number of projects that have recently started selling in Las Vegas that I recommend due to their location and amenities" McClellan said.

The fact is that these two new locations are strong because of two factors.

The first is location, location, location. You can find a better area to live in with access to the strip, 215 or the 15.

Second is amenities delivered by the community. The outdoor activity list is diverse and unlike any other property in Vegas.

To find out more about these two properties call Olivia today at 702-372-2671

Olivia McClellan Interview on KNEWS 970 Radio

Recently, Shannon Blood Las Vegas Chamber of Commerce interviewed Olivia McClellan, REALTOR Liberty Realty about the Las Vegas Real Estate Market.

You can find snippets from the interview on Olivia's Website Olivia Sells Vegas .com by Clicking on the Following Link:

Hear the Snippets by Clicking Here

Orange County to Las Vegas

It seems that many new Las Vegas residents you meet are from Orange County or CA in general. Over the past few years, the secret of lower priced homes and affordable living has been broadcast around the globe causing Las Vegas to grow by 11 people an hour.

The influx of people causes new jobs, more revenue for the city and companies relocating to Las Vegas to take advantage of its Business Friendly Climate. There are new hospitals, large companies and new commercial construction popping up daily, so sit back and watch Las Vegas grow up into a Metropolitan City before you eyes.

See you on the Web

Olivia

Panorama Towers Units Available - Tower III

With Panorama Towers already well under construction and attracting Hollywood names like Leonardo Di Caprio, this project is one of the ones that will become a permanent fixture in the new Las Vegas skyline. And if you think you missed out on purchasing a a luxury condo here, I've got news for you!!

Call today and I can still reserve you a few select two bedroom condos starting in the $500,000

This Project has it all....
UNPARALLELED STRIP VIEWS!
Floor to Ceiling Glass Windows!
Marble, Stone & Granite Finishes, standard!
Top of the Line Appliances Included! (not an upgrade)
VIP Concierge
Valet Parking & 24 Hour Doorman
Incredible water features including tropical pool and spa with sun decks
State-of-the-Art Workout Facilities with His/Her Spa
On site retail shops, dining, and entertainment



Olivia McClellan
Liberty Realty
7674 W Lake Mead, Ste 150
Las Vegas, NV 89128
Direct 702-372-2671
Fax 702-543-4845
olivia@oliviasellsvegas.com
www.oliviasellsvegas.com

A quote I live by: "You will miss 100% of all the shots you never take" ~~~Wayne Gretzky

Vegas has changed... did you know?

"Vegas Baby!" was the trademark cry of the movie Swingers years back and still
rings true to this day as people still make their pilgrimage to Las Vegas to
vacation, relocate or just plain relax.


Las Vegas has changed over the years from pure Gaming to a vacation destination
that is internationally branded. Vegas has world class spas, hotels, restaurants,
nightclubs, shows all surrounding the world famous Strip.


Here are some interesting Vegas facts:



  • currently 35 million people a month funnel through via McCarran Airport
    for various reasons, vacation, trade shows

  • 11 people a minute are relocating to Las Vegas

  • Las Vegas is the #1 city in the USA in manufacturing

  • Top 10 in the fastest growing Job Economy by CNN Money

  • In 2004, visitors stayed an average of 3.6 nights by City of Las Vegas
    Website
    www.lasvegasnevada.gov

  • More than 22,000 conventions were held in Las Vegas in 2004 Link to Redevelopment
    Plan from City of Las Vegas Website
    http://www.lasvegasnevada.gov/files/redevplan.pdf


See you on the Web!


Team OSV

Weekend Update - Vegas and High Rise Properties

We'll it was an exciting weekend in Las Vegas. I had a couple clients in town and we visited various high rise properties.

Las Rambles is very high end with the upscale vision of bringing back the las vegas nostalgia of yester year with a inimate casion that will have a dress code and a vegas version of rodeo drive...with botique and high end shopping .....available are residential and condo/hotels and it's still in first pha e pricing .....if you're looking for a early phase pre construction luxury investment this may be the property for you.

ICON:
This is going to be one of the tallest properties on the strip and its design is fatalistic

Hard Rock Residences:
If you have been to the Hard Rock you know the quality of this property and the names it brings to mind. The Condotel project is no different. It’s a who’s who of the Rock n Roll - Celebrity world. Can you say 4,000 people waiting list? f you're interested in this property dispite the wait list, I can work with you to get a studio residence with strip views

Palms Place
Also sold out and one of the most popular projects in Las Vegas. This project is slated to have a playboy club as well as a full recording studio. The Palms is Vegas.

Most of the development projects in Vegas are going to contract so you never know when a unit may fall out.

Also on a side note:
Our first exposure to Wynn Las Vegas. The casino layout was different and there was only one bar that we found so getting a drink was tough. We had dinner at The Country Club and it was fantastic. The bone in Rib eye was out of this world.

See you in Vegas

Olivia

Mayor Goodman Speaks about the Downtown Revitalization Project

Sept 14th - Four Seasons Hotel - Las Vegas Chamber of Commerce Meeting for Presidents Club and Board of Advisors - Guest Speaker - Mayor Goodman In his charismatic way Mayor Goodman discussed his vision for Las Vegas and how he intends to bring back old Vegas to the downtown district. He spoke of the "Jewel of the Desert" a concept being realized on 61 acres near the Chelsey Mall as well as many other projects such as Sandurst Las Vegas and other Luxury High Rise Projects that are in planning stages or in progress.

The Mayor outlined all of the exciting projects that are being worked on to bring business, new medical research centers, Broadway theaters, a professional sports team as well as countless other projects that will elevate Las Vegas to a major U.S. city. If you get a chance to hear Mayor Goodman speak or meet him don't pass it up.

There is a reason he is is called "The worlds happiest Mayor"

Olivia
702-372-2671


High Rise Condo Market - K970 AM Radio

Olivia McClellan K970 Interview 9/12/05

Olivia McClellan was interviewed
on K970 News today to speak about the Las Vegas Real Estate Market. You can catch the interview on 970am over the next few weeks. We will also be posting a digital version on www.oliviasellsvegas.com

Thanks

Team OSV

Starwood W Hotel Announces Vegas Property

The W is Coming to Las Vegas

The W Las Vegas will embrace the stylish, signature comforts W is renownedfor,
including striking architecture, multiple restaurants, exhilaratingnightlife
and a destination spa. The development will be the brand's firstproperty with
a casino.

Highlights of the $1.7 billion project include:

  • A mix of approximately
  • 3,000 hotel and residential units
  • More than ten destination dining and nightlife outlets
  • World-class retail space
  • 75,000 square foot casino Spa & Gym
  • 300,000 square feet of meeting space

W Las Vegas will be comprised of a mix of hotel, condo-hotel, andresidential units, offering owners a combination of poolside cabanas, studios,one and two bedroom condominiums with the benefits of being attached to a WHotel. Owners will have full use of the property's facilities and amenities,as well as access to maid service, 24-hour room service and conciergeservices. Units will go on sale in the fourth quarter of 2005, with pricesstarting at $550,000. Prospective buyers can visit www.oliviasellsvegas.com to register their interest.

Las Ramblas Debut in Las Vegas

Las Ramblas hit the papers today in Las Vegas with George Clooney as the latest celebrity face to grab the spotlight. This time not just as a condo investor but side by side with the developers.

The latest Condo Hotel to be released is located in the ever growing Harmon Corridor near the trendy Hard Rock Hotel and Casino.

The Las Ramblas project is scheduled for construction to commence in mid 2006 with a final closeout date of Spring 2008.

More to come at www.oliviasellsvegas.com

Olivia

Ivana Mega Tower Public Launch

August 13th - Early Saturday morning at 4:00am Realtors and buyers started lining up to be one of the first to reserve an Ivana Luxury Condo. The nationwide public release was scheduled for Sunday August 14th. Las Vegas was the central location with other release locations located in Los Angeles, New York and Miami respectively.

According to reports Ivana was 50% reserved by Monday Aug 15th and should be sold out within months.

Stay Tuned

Olivia

Aqua Blue Project Cancelled

Breaking News:
The Aqua Blue Project slated on Koval has apparently been cancelled. The developers of the condo/hotel pulled the plug according to the RJ. You can read more about this at
www.thehighrisereport.com

Thanks

Olivia McClellan
Liberty Realty
702.372.2671

High Rises in Las Vegas?

Over the next couple of years the Las Vegas skyline is changing with the addition of many Luxury High Rise Condos being built on or around the Las Vegas Strip. North near Fremont Street all the way down south past Mandalay Bay.

Las Vegas Skyline is changing as you read this Website.

Please contact me for all of your Luxury Real Estate needs in Las Vegas.

Thanks

Olivia
Liberty Realty
702.372.2671