Residential high-rise developments on the rise
USA TODAY, May, 2008 by Larry Olmsted
From erupting volcanoes to drive-through wedding chapels, life is different in Las Vegas, and vacation homes are no exception. Forget far-flung resort communities: A thriving second-home market is going up in the heart of the city's bustling urban center.
"Until about 10 years ago, if you wanted a second home, you had to buy a single-family house in a golf community, sprawling farther and farther from the city. But when I went to Vegas, I wanted to be in the middle of the action," says Bruce Weiner, president of Turnberry Ltd., developers of the new Turnberry Towers just off Vegas' Strip.
CityCenter, an even bigger project, is to open late next year on 76 acres on the Strip between the Bellagio and Monte Carlo resorts. The $8 billion, mixed-use development will include more than 2,600 luxury condos in four residential high-rises. Prices start at $500,000 ...