Out with the old - in with the new! The state bird is the crane and not the feathered variety!
The Las Vegas Valley is running out of land so there is a new trend for housing (besides patio and apartment to condo conversions)
We are trending towards Vertical Living or "Manhattanization".
We are saying our bittersweet goodbyes to many "vintage properties" to be replaced by mega mega resorts. Not to be confused with mega resorts because those will soon be dwarfed! Vegas has done very well with anticipation of growth but I am a bit concerned about too much growth too quick at the present time.
We do have some issues with incoming transportation which leads to the next type of building we are seeing: Condotels or hybrid hotel/condos. This is the mega resort's answer to transferring some of the risk to private owners.
Another type of hybrid highrise we are seeing is the all-in-one type of property: work, shop, dine and live. They are also considered "mixed use" or "urban living". The District at Green Valley Ranch (listings - rentals) is one example. In my opinion the recent trend for these mixed use properties started with Turnberry Place (listings - rentals)
There have been many promised high rises that have not materialized. This site provides a good snapshot on what is proposed, under construction and completed.
It will be interesting to watch the skyline change and constantly reinvent itself as it always has!All the Best,
Nevada Realty Solutions - Your Dream, Your Investment, You\'re Home!
8942 Spanish Ridge Avenue
Las Vegas, NV 89148