More good news about Las Vegas, that won't get blasted by the national media. I've written about Manhattan West Condominiums before, and now they've just topped off their 9 story signature building, 'Element House'. It's part of the 20 acre $350 million mixed use development that is moving right along. It's located in the southwest side of the Las Vegas Valley, just off the 215 Beltway at Russell Rd. Local ABC affiliate KVBC - TV13 gave it a brief mention with a quick flyover video, click the image below to watch it.
This new tower will offer a variety of choices from studios up to 3 bedrooms with floor to ceiling glass along with many standard upgrades, and designer options available. This building is also the center of the community and will have a 7000 square foot fitness area that is part of the 2 floors of clubhouse. The top floor is the rooftop lounge with outdoor patio and lounge pool offering panoramic views of the entire valley. On the ground level is an outdoor lap pool, and a 'Funpool' that starts from inside the building and features a large waterfall coming from within the grotto's ceiling, and a swim up bar. There will also be a community BBQ area at the building, along with interior gardens, indoor / outdoor koi ponds, and stone features including backlit alabaster. All to represent the elements of earth, wind, fire, and water. While there are only 70 units in within Element House itself that start from the $400,000's, these amenities are open to all owners in the community that offers other levels of pricing. It's all part of the unique social aspect of this project, called Friendscape™.
As a mixed use project there will also be 200,000 square feet of retail, restaurant, and office space on completion of the 12 planned buildings. Elixer Coffee House and Wine Bar has announced it will be part of the project as well as Don Antonio's Restaurant. Also slated is a boutique market offering prepared foods, sundries, and packaged liquors. A preliminary agreement has been signed with Intercontinental Hotels for a 120 room Staybridge Suites for business travelers.
Yes this is yet another positive real estate story from Las Vegas that could quietly escape you, if you believe only the bad news blasts from the media. I've mentioned several others in my blogs, including the billions in current resort projects and other industries coming to Las Vegas. Of course there is even much more around the Vegas Valley, like you'll find on the Boulder Strip, or Condo projects such as Palms Place where closings are going well, to work underway for Las Vegas' expansion well beyond the valley itself.
Gemstone Development CEO Alex Edelstein of Manhattan West is also fed up with all the negativity of the news, particularly about the headline grabbing use of Las Vegas. The media's insistence on misleading market information and negative spin has him frothing! That's why he has also started his own blog "Dedicated to the Truth About Housing and the Economy", that's found at FrothingDeveloper.com. Of course you can find out more information about his Manhattan West here at the website.
<<< UPDATE >>>
Manhattan West construction has been suspended as of 12 - 16 - 2008 due to financing, but hopes to obtain a new source to resume construction.
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