As the city’s residential market slowly pulls out of its long slump, the availability of high-rise condominium units is on the rise. The Las Vegas Review-Journal reports that a large number of condominiums in CityCenter’s Veer Towers have hit the market. The move comes just two months after a New York-based investment group acquired most of the available condo stock at the twin 37-story towers developed on the Las Vegas Strip by MGM International. In all, 100 of the previously acquired 427 units have been put up for sale.
The 100 units increase the supply of high-rise condo stock available in Las Vegas by more than one-quarter, the Review-Journal reported. About 375 of the units are currently on the market citywide, local professionals told the publication. Veer Towers is a LEED Gold-certified development at the heart of CityCenter. Helmut Jahn’s design for the 480-foot towers incorporates a distinctive five-degree slope that makes the towers appear to lean.
According to the Review-Journal, prices will begin at $228,000 for a 534-square foot studio apartment. Each tower houses 337 luxury condo units ranging in size between 500 and 1,500 square feet. Amenities include a spa, fitness center, cabanas and an outdoor patio.
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