Thought I would put up another cancellation notice. This year there has been a few more casualties among Las Vegas lofts and condos. Although that didn't stop other developers from announcing new projects. The biggie was the cancellation of the Sandhurst. It was announced years ago, and last year the Mayor Oscar Goodman specifically asked the developer when the project would be completed at a town meeting.  The other surprise was the cancellation of the Boulders condo conversion.  They simply stopped work and went back to renting out the apartments.  I guess some lucky tenants received some upgrades. Moreover, both projects had very little marketing, which in this market is a guarantee of failure.  I'm sure we'll see a few more downtown projects fall by the roadside.
 

1 Comments on Another one bites the dust

OCT
01
2007
534,857 Points 45 Featured Posts Outside Blog
It's a tough time for developers. Banks are tightening their requirements at the same time that pre-sales are getting more difficult.
8:33pm • #1

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Jacqulyn Richey - Las Vegas Real Estate

Las Vegas, NV

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Prominent Realty Group

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