| While media attention has so far been concentrating
on the glitzy new high rise developments going in along the Las
Vegas Boulevard resort corridor, Mayor Oscar Goodman’s redevelopment
of the “Old Strip” along Fremont Street into a San Diego style gas
light district may make downtown condos the best “hot buy!” For both
investors and owner occupants alike, the Streamline Towers project,
already well under construction, could be a dream
come true. The Las Vegas downtown casino area is in the midst of a
major redevelopment effort, and investors are starting to snap up
the still relatively lower priced condo units there before prices go
sky high along with the skyline. The redevelopment plan calls for a
retro Las Vegas atmosphere with several distinct neighborhoods
including an arts district, an entertainment district, a casino
district, the Las Vegas Academy performing arts district and an
office district, as well as the 12 million square foot World Market
Center and the Premium Outlet Mall with over 120 shops and
restaurants.
Streamline Towers will be the first luxury high rise built in the
heart of the new six block entertainment district featuring nightly
live jazz venues, taverns, cafes, nightclubs and boutiques. Securely
financed by Barclay’s Bank and brilliantly located by the 200,000
square foot Neonopolis entertainment complex and the Fremont Street
Experience, the building will be 21 stories high and have 251
elegant residences with private view balconies and 10 to 12 foot
ceilings, rooftop pool, spa and terrace with Strip views, a fully
equipped fitness center with Strip views, a 16th floor club house
with Strip views, 11,000 square feet of neighborhood retail space
including hairdressers, dry cleaners, mail facilities and boutique
coffee shop, private secured parking and 24 hour concierge service.
Streamline Towers also offers onsite executive leasing services for
nightly, weekly and long term rentals, making it ideal an ideal
property for second home owners and investors. Prices range from
$425,000 to $1,100,000 and condos range in size from 756 square foot
one bedroom 1.5 bath units up to 1889 square foot 3 bedroom plus den
2.5 bath units. A total deposit of 15% will be placed into escrow
upon contract signing and the project is due to be completed at the
beginning of 2007.
And while there are nearly 80 Las Vegas condos and high rise
projects in various stages of planning around the Las Vegas Valley,
only an estimated 35% to 40% will actually be built. Streamline
Towers is already fully backed and funded by Barclays Bank and
the building is under construction.
In addition, owners will be able to walk a mere 162 steps from their
front door to Fremont Street and the new businesses going in
including:
Hogs & Heifers - the original New York honky tonk bar
Beauty Bar - straight from Sex and the City a beauty parlor with
cocktails
The Downtown Club - by the owners of Whisky Sky - serious nightlife
arrives downtown
Take One - Everyone’s a star with live entertainment and a
spectacular restaurant
511 Fremont - the nightclub
Hennessey’s Tavern - an Irish pub straight from SoCal, dude
Mickie Finnz Fish House - a great place for a great time
Seven the Comedy Club - the best comics in the world
601 Fremont - clubs, boutiques and more
Triple George and Cuba - new night spots in your neighborhood |