Wanna own a piece of Las Vegas?

By The Folks @PropTalk - May 13, 2010 No Comments
Then you may wish to consider an apartment unit in CityCenter – a 67-acre “city within a city” on The Strip. This impressive project was developed by MGM Mirage and completed in 2009.

The wife and I happened to spend the weekend in one of the property in CityCenter, the ARIA Resort & Casino. And between the “Pai Kow Poker” tables and Casino hopping, we stumbled upon the residential sales pavilion for CityCenter. So we decided to give it a look-see.

CityCenter is the latest address on The Strip. For those of you familiar with Las Vegas, CityCenter is located along Las Vegas Boulevard and sandwiched between the Monte Carlo and Bellagio, and diagonally across from MGM Grand.


CityCenter consists of 6 developments:

VDARA Condo Hotel – This is a 57-storey condo hotel consisting of 1,543 fully furnished and equipped turnkey residences. Buyers have a choice of studios, deluxe studios, one and two-bedroom apartments and penthouses as primary or vacation residences. Units range from 500 to 1,650sqft. Ownership includes the opportunity to participate in VDARA’s managed nightly rental program.

VEER TOWERS – These are residential high-rises consisting of two 37-storey glass towers, with 335 condo units each. Inclined at five-degree angle to each other (thus the name), the units in VEER TOWERS consist of studios to one and two-bedroom apartments and penthouses, ranging from nearly 500 to 3,300sqft.
Veer Towers
THE RESIDENCES AT MANDARIN ORIENTAL – This is a “mixed hotel cum residences” development. The 227 residential units start from the 26th floor onwards, and consist of one and two bedroom apartments as well as two and three bedroom penthouses ranging from nearly 1,100 to 3,900sqft. Apartment owners are served by their own private entry separated from the hotel’s public spaces, but will enjoy all the facilities and amenities provided by the hotel.

THE HARMON – This is a 47-storey tower consisting of hotel, spa and residences. The tower’s top 21 floors are dedicated to 207 residence units of one, two and three bedrooms, and penthouses ranging from nearly 1,000 to 3,700sqft.

THE CRYSTALS – This is the retail and entertainment district of CityCenter, featuring unique retail shops, exceptional dining and entertainment venues.

ARIA Resort & Casino – This is CityCenter’s 61-storey, 4000-room resort-casino. In addition to the huge casino floor, ARIA features a 3-storey lobby, showroom theatre for 1850 guests, spa, 4 large pools, 18 restaurants, 6 bars and a nightclub. The CityCenter’s tram connects ARIA to The Crystals, Bellagio and Monte Carlo.

We were told that 70% of the residential units in CityCenter are already sold to date, with the apartments in THE HARMON fully sold. Pricing wise,

• Studios (500sqft) from US$450K
• 1-bedroom Apartments (800sqft) from US$650K
• 2-bedroom Penthouses (1,650sqft) from US$1.7million
No financing is available for this development.

• Studios (500sqft) from US$350K
• 1-bedroom Apartments (800sqft) from US$520K
• 2-bedroom Apartments (1,300sqft) from US$790K
• 3-bedroom Apartments (1,800sqft) from US$1.7million
Financing is available with 30% down.

• 1-bedroom Apartments (1,100sqft) from US$940K
• 2-bedroom Apartments (2,000sqft) from US$2.6million
• 3-bedroom Penthouses (3,900sqft) from US$6million
Financing is available with 30% down.

We do not know what is the actual tenure (i.e. free or leasehold) for the above developments - our question to the sales representative was met with a blank stare.

But the wife and I were particularly impressed with the quality of fittings and furnishings in the showflats. Look out for pictures of these in our next post.

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