CityCenter Condos Veer Toward Sellout
- Jun 17, 2015
For a while, the CityCenter project in Las Vegas was overshadowed by the failure of the Harmon tower. The district’s fortunes have since turned, and amid the resurgence of the city’s economy, the multi-family market is performing nicely. Veer Towers, the luxury condominium project in the core of CityCenter, continues to move units.
Two hundred fifty condos have now been sold at the two towers, almost two thirds of the total. Pordes Residential Sales and Marketing sold 17 units in May alone, according to Mark Pordes, the company’s CEO. Veer Towers features studio, one-, two- and three-bedroom units that range in price between $250,000 and $2.3 million. According to Yardi Matrix, home prices are on the rise in the Las Vegas metro, a sign that more buyers are again seeking out high-end properties.
The chance to own a residence in a luxury building that will count The Park and the MGM Resorts arena project as neighbors is driving interest. The towers are also located near The Shops at Crystals, the Gallery Row Shops, ARIA Resort & Casino, Vdara Hotel & Spa, as well as Mandarin Oriental, Las Vegas.
Additionally, Pordes recently released the listing of a high-end condo unit on the 21st floor of the west tower. The 2,256-square-foot residence offers 270-degree views of the nearby area, including the Bellagio Fountains and the Paris Las Vegas Eiffel Tower. Priced at $2.3 million, the property is known as 2101W.