Downtown Las Vegas Urban Living Tour Announced

The Downtown Coalition of Las Vegas is announcing the Downtown Urban Living Tour. The event brings business owners and consumers together to showcase the urban developments taking place in the greatest city in the world. Best of all, the event is absolutely free for participants.

The premier event, scheduled for Friday, May 2nd from 6 – 10 pm will begin at the Celebrity Theatre (next to SIDEBAR on the corner of 3rd and Ogden). Mayor Oscar Goodman will offer opening remarks prior to the tour. After an initial gathering with drinks and appetizers, registered guests can take tour buses to multiple business locations throughout downtown.

The premise of the Downtown Urban Living Tour is to create an increased awareness among valley residents that downtown Las Vegas is becoming the epicenter of a new cultural renaissance. Like the Gaslamp District in San Diego 10 years ago, the downtown las Vegas area is still in its infancy, but is growing rapidly. The area is undergoing a $20+ billion revitalization effort, which will completely change the landscape of the new downtown.

The primary organizer of the tour is the Downtown Coalition of Las Vegas. Sponsors and contributors include Streamline Tower, juhl lofts, local businesses and major developers Newland Communities and CityMark.

Downtown restaurants, art galleries, bars and shops are also offering coupons and incentives for those participating. For more information, contact the DCLV at (702) 798-4848 or email gary@downtowncoalition.com

Navigating the Urban Jungle : Downtown Las Vegas

Courtesy, Gary Fisher for EReal Estate Exec

As a community of Real Estate professionals I’m constantly amazed at the number of us who have no clue what’s going on downtown. I’m making it my mission to answer the questions most in our field don’t even know to ask, so here goes. For those of you who are “in the know” here’s a refresher, and for those who haven’t yet ventured into the new downtown, read on.

We'd like to welcome MEET Las Vegas to downtown. Their newly renovated building should be completed in August 2008 and the high level corporations utilizing the facility will bring fresh faces to experience downtown. MEET Las Vegas is the new company of the former The White House Las Vegas. They are currently renovating the 30,000 sq. ft. building at 4th and Bridger.

Lady Luck Hotel & Casino: “The Lady Luck Hotel & Casino will soon usher in a new era of luxury and modern glamour in Las Vegas’ downtown district,” according to the Web site for the CIM Group (www.cimgroup.com) who now owns and controls the destiny of this seemingly abandoned property. The CIM Group is responsible for the success of multiple projects, primarily in Southern California, one of the most notable being the Kodak Theatre in Hollywood where the Academy Awards are held. The hotel and casino—as well as the neighboring block—will begin construction in 2009. The two existing towers of the hotel will stay, but will undergo some pretty major changes. Plans for renovation include creating 631 hotel rooms, a 50,000-square-foot casino and 22,000 square feet of retail space. “Through this renovation the Lady Luck will reposition itself as an upscale boutique hotel with a destination pool, spa and other amenities not found in the downtown area,” according to CIM.

In addition to the hotel itself, the transformation of the Lady Luck will spill over into the surrounding block and morph Third Street into a true destination. The CIM group is in an exclusive negotiating agreement with the city of Las Vegas for the redevelopment of the post office block as well. Third Street between Ogden and Stewart—now home to Triple George, Sidebar, Celebrity, and Hogs & Heifers—will explode into a major retail destination downtown. Think Third Street Promenade in Santa Monica (also a CIM project) and you get an idea of what the future will bring. The historic post office building, which the city now owns, will be renovated and become the home of a new Mob Museum promising to attract locals and tourists alike.

Project Live/Work: A project by Forest City Enterprises and Mitchell Holdings, this five-block area in the office district has a deadline with the city to reach a development agreement by June of this year. This mixed-use project will be home to the RTC’s bus terminal (now located on the post office block slated for redevelopment) as well as the new City Hall. This would mean that three of the five blocks would be left for private development and become home to retail, office and residential space. Currently negotiations are underway for a potential land swap with the city for parcel P/Q in Union Park. Construction on this project could be as early as 2009.

The Bulldog Site: This one-acre parcel on the southeast corner of Las Vegas Boulevard and Clark is currently under an exclusive negotiating agreement with the city of Las Vegas (who now owns the site) and City Mark (the developers of Juhl). This would be a residential project, possibly offering rental options above a retailer, preferably a grocer. The challenge with this site is the size of the lot and the difficulty with parking. Stay tuned to see what comes of this site.

Gold Spike/Travel Inn: The two declining properties on Ogden directly east of Las Vegas Boulevard are getting a new lease on life. Both properties were acquired in the last six months by two separate owners. These owners have now come together and presented plans to the city to completely renovate the property with a high-end, very exclusive look and feel.

The ACE Downtown Connector: As for public transportation progress in Las Vegas, CAT, MAX and The Deuce have all been a success, but when it comes to an environmentally friendly addition connecting and transporting people to and within our urban core, there’s been a missing piece of the puzzle. Can I just say, it’s about time! The Regional Transportation Commission has started construction on the first phase of the ACE rapid transit system. The ACE Downtown Connector will run along Grand Central Parkway (alongside Union Park, World Market Center, the Molasky Corporate Center and the IRS building) and down Casino Center Boulevard, making its way to the Sahara Monorail station, the Las Vegas Convention Center and eventually McCarran airport. Word on the street is that within the downtown area the system will be free, and the trip to the airport will be about $2. Total cost for this project is estimated at $75 million and it is scheduled to be operational in 2009. For more information and maps go to http://www.rtcnv.com/.

Union Park: Last, but definitely not least, is Union Park. The “predicted core of the city” is destined to become the place to live, work and play. The city of Las Vegas has a lot riding on this project, and so far the future looks bright and progress can already be seen. The 61-acre, $6 billion project will be anchored by two key tenants: the Lou Ruvo Brain Institute and the Smith Center for the Performing Arts.

The Frank Gehry-designed Lou Ruvo Brain Institute is currently under construction and should be completed later this year. The project will be a world-class medical research and treatment facility dedicated to brain degenerative diseases. The design is architecturally fascinating, and more information is available in our article on Larry Ruvo (May, 2007).

The Smith Center for the Performing Arts will become home to the Nevada Ballet, the Las Vegas Philharmonic, Broadway shows and other traveling productions. Every true city should have a cultural center such as this and it can’t come soon enough. Construction will commence in 2009 and be completed by 2011. For more information about this project, please visit www.thesmithcenter.com.

Downtown Coalition joins E RealEstateExec for Urban Update

The Downtown Coalition of Las Vegas is proud to work with EReal Estate Exec in producing their new featured column, Urban Update. Urban update is a column that will be authored by Gary Fisher, Founder of the DCLV and will focus on the continued revitalization of downtown Las Vegas. This month the column features Streamline Tower, the only high rise in Las Vegas' Entertainment District.

For those across the country who have not yet heard of ERealEstateExec, they are a premier online publication (ezine) founded by Lee Papa in Las Vegas. The ezine features local real estate activity, profiles people involved in any aspect of real estate from broker to developer, and keeps the content local by offering geographic ezines for each major city. For more information, contact Lee at lee@erealestateexec.com or Gary Fisher at (702) 335-5704.

Streamline Tower Interior Computer-Generated Visual

Las Vegas High Rises Still the Place to Invest

A lot has been said lately about housing, especially from the horror-story loving media. People love a tragedy, makes 'em feel better about themselves. Others just want the facts. Those who bought a home to live in it will be okay, and the surplus will be absorbed by 2009 to bring us back to "normal" levels.

A high-rise in downtown Las Vegas (Streamline Tower) those investing or purchasing are doing so with a 5-7 year minimum mindset due to the long-term growth expected. Sure, sales have slowed, but we do not have the inventory glut the single-family residential market has - we're more luxury which has been less affected.

In fact, with the city's proposed $20 Billion + in improvements, the Strip with currently about $50 Billion in projects creating jobs, and another $13 Billion plus in the Union Plaza growth, real investors are still buying! Too bad all the wanna bees with no real assets used stated income/ no down loans to drive up the vanilla box (residential housing) market - But IT WILL LEVEL OFF. Did you know we are actually closing the amount of homes we were in 1999-2000? That was normal - We're just about there. See more luxury listings on my network:

http://www.theridgesestates.com/

http://www.estateattheridges.com/

http://www.theridgesestate.com/

http://www.lasvegascondomania.com/

http://www.summerlinluxuryhome.com/

http://www.summerlinestate.com/
http://www.panoramaluxurycondo.com/

http://www.citycentercondominium.com/

http://www.canyongategolfestate.com/

http://www.canyongateestates.com/

http://www.canyongateluxuryhome.com/

http://www.canyongateestate.com/

http://www.streamlinetowercondo.com/

http://www.condoatskylasvegas.com/

http://www.condoatsky.com/

http://www.skylasvegascondo.com/

http://www.lakelasvegasestate.com/

http://www.lakelasvegasluxuryhome.com/

http://www.juhlloft.com/

http://www.soholoftlv.com/

http://www.loftatnewport.com/

http://www.allureluxurycondo.com/

http://www.palmsplaceluxurycondo.com/

http://www.turnberryplacecondo.com/

http://www.turnberrytowerscondo.com/

http://www.palmsplacecondominium.com/

STREAMLINE TOWER: THE RIGHT LOCATION & THE RIGHT PRICE PAYS OFF 300 FEET ABOVE DOWNTOWN LAS VEGAS

Distinctive Real Estate & Investments is showcasing Streamline Tower for their strategic role in creating a new downtown skyline in Las Vegas. We believe whole-heartedly in the future of downtown Las Vegas and recognize the positive impact the nearly $20 Billion in plans the city proposes for the regentrification of the area. Sales are continuing at a steady clip, and their most recent incentive allows for only a 5% deposit.

Located at 150 N. Las Vegas Boulevard, Streamline Tower is scheduled for completion this winter. The massive concrete and steel structure rises nearly 300 feet above the world-famous Fremont Street Experience and features endless views on all 4 sides, including the sparkling Las Vegas Strip. This luxury-appointed behemoth includes security, concierge, a complete workout facility, and a rooftop pool and outdoor veranda overlooking the entire city.

More importantly, Streamline Tower screams affordability, priced significantly below those found along the Strip. We believe those getting in on this ground floor opportunity will be rewarded as the downtown area continues to grow. As an added convenience to savvy homeowners, Streamline Tower offers a flexible on-site executive leasing program to maximize potential. Private parking spaces, valet and nearly 13,000 square feet of retail space on the street level are all part of the conveniences.

Luxuriously appointed, all residences offer the opportunity to own a piece of the downtown experience. Surrounded by world-famous casinos, numerous great restaurants, multiple local bars, nightclubs and plenty of shopping, residents truly are in the activity epicenter.

Downtown Las Vegas improvements include the grand opening of Fremont East, with pedestrian-friendly streets, lush landscaping, lighted gateways and 40-foot-tall, retro-looking neon signs. Through this streetscaping effort, the city is capitalizing on popular nostalgia by reviving the old glamour of vintage Las Vegas.

For up-to-date information regarding sales of remaining 1, 2, and 3 bedroom residences, contact Gary Fisher at the Streamline Tower Sales Office directly at 702-648-9919. Located at 425 E. Fremont Street, the Sales Center is open daily Monday through Saturday. Their website is www.streamlinetower.com

Streamline Tower and the Downtown Coalition of Las Vegas

Las Vegas' only downtown high-rise residence is set to be complete this coming January, with move-ins slated for May 1st 2008. The 275 unit building features views on all 4 sides, including the infamous Las Vegas Strip, and is topped off with a rooftop pool and outdoor veranda overlooking the entire city.

Boasting 25 stories with magnificent views of the city and the surrounding valley, Streamline Tower is currently 65% sold out and is offering new buyers just a 5% EMD to go to contract through 9/30/2007. Rise above the city and enjoy scenic views and serenity in your private, luxurious residence.

The tower is next to the famous Fremont Street Experience and is surrounded by more than 30 great restaurants, bars, nightclubs and more than 10 world-famous casinos. Affordable and luxurious, these units are designed to give buyers the opportunity to own their own piece of the downtown experience! Private parking, an on-site concierge, valet and on-site executive leasing services are all part of the package.

For additional information regarding the sales of remaining 1, 2 and 3 bedroom residences, contact Gary Fisher at Streamline Tower: 702.335.5704.