The Las Vegas high-rise condo market is on the rebound
The market was hard hit with the onset of the Great Recession a decade ago that kept many prospective buyers from closing on sales as financing dried up and some who did buy suffered foreclosures.
Developers were hard-pressed to find buyers for their units and turned them into rentals or sold them in bulk to hedge funds and investors who are finding the market has turned in their favor.
Las Vegas-based SalesTraq reported 420 sales of condominium units among 16 high-rise towers it monitored in 2016. There were another 297 sales in five condo-hotel projects bringing the total to 717, according to SalesTraq. That’s 14.5 percent higher than 2015, when there were a total of 626 sales.
Nothing epitomizes the high-rise turnaround more than the sales of existing units at Veer Towers, the twin 37-story towers part of MGM Resorts International’s CityCenter development. Veer Towers opened in 2010 among the last high-rises built before the market collapse.
About One Queensridge Place
One Queensridge Place is luxurious residence to retreat to in a very chic corner of the city. Nestled in an exclusive residential neighborhood, only 10 miles west of the Las Vegas Strip; there is an abundant array of dining and shopping experiences all within proximity such as Tivoli Village and Boca Park. Golf enthusiasts, can also take advantage of numerous public & private courses only minutes away.
The two 18-story towers with 219 units offers a vast array of custom floor plans with two to four bedroom options, with square footage ranging in size from 2,000 to over 15,000 of pure extravagance. Each with balconies and or patios overlooking the city and picturesque beauty of Red Rock mountains.
As residence and architecture go, there is nothing quite like the inimitable, eternally elegant One Queensridge Place. A quietly luxurious residence, with classic French charm and beautiful gardens, that add a perfect poetic ambience. Yet, still carry all the modern comforts that appeal to global travelers. It is the ultimate royal treatment for those who are fortunate enough to live and savor its beauty.
World-class services and amenities include: gated facility with 24-hour security, valet, retreat room, library, private conference room, card room, media room, billiards room, housekeeping in common areas, indoor lap pool and outdoor swimming pool, state-of-the-art workout facility, and guest casitas. Along with well-manicured gardens and forecourt, that makes guests stop in their tracks and command attention. Another unique attribute about this property is that each resident has a private garage and elevator to their residence. Guests can also enjoy delectable treats at its barista café.
Residents can further indulge in a fine glass of wine in the temperature controlled wine cellar with private storage and entertain their guests in the events room equipped with a master kitchen, which can accommodate up to 14 guests for those special occasions.
For the ultimate spa experience, residents can splurge in his or her separate saunas, steam rooms, and couples room. Residents can also enjoy wet treatment rooms equipped with Vichy showers for the ultimate rejuvenation.