Sunday, November 13, 2005

Streamline Towers Luxury Condos are open for sales and, unlike most high rise developments, the contracts are assignable. Plus for a limited time Prudential clients only need 5% down payment until closing on the two bedroom units. Call 702-985-7654 for more information and updated pricing.

While media attention has so far been concentrating on the glitzy new high rise developments going in along the Las Vegas Boulevard resort corridor, Mayor Oscar Goodman’s redevelopment of the “Old Strip” along Fremont Street into a San Diego style gas light district may make downtown condos the next “hot buy!” For both investors and owner occupants alike, the Streamline Towers project, scheduled to open its sales center in late July, could be a dream come true.

The Las Vegas downtown casino area is in the midst of a major redevelopment effort, and investors are starting to snap up the still relatively lower priced condo units there before prices go sky high along with the skyline. The redevelopment plan calls for a retro Las Vegas atmosphere with several distinct neighborhoods including an arts district, an entertainment district, a casino district, the Las Vegas Academy performing arts district and an office district, as well as the 12 million square foot World Market Center and the Premium Outlet Mall with over 120 shops and restaurants.

Streamline Towers will be the first luxury high rise built in the heart of the new six block entertainment district featuring nightly live jazz venues, taverns, cafes, nightclubs and boutiques. Securely financed by Barclay’s Bank and brilliantly located by the 200,000 square foot Neonopolis entertainment complex and the Fremont Street Experience, the building will be 21 stories high and have 251 elegant residences with private view balconies and 10 to 12 foot ceilings, rooftop pool, spa and terrace with Strip views, a fully equipped fitness center with Strip views, a 16th floor club house with Strip views, 11,000 square feet of neighborhood retail space including hairdressers, dry cleaners, mail facilities and boutique coffee shop, private secured parking and 24 hour concierge service.

Streamline Towers also offers onsite executive leasing services for nightly, weekly and long term rentals, making it ideal an ideal property for second home owners and investors. Prices range from $425,000 to $1,100,000 and condos range in size from 756 square foot one bedroom 1.5 bath units up to 1889 square foot 3 bedroom plus den 2.5 bath units. A total deposit of 15% will be placed into escrow upon contract signing and the project is due to be completed at the beginning of 2007.

And while there are nearly 100 Las Vegas condos and high rise projects in various stages of planning around the Las Vegas Valley, only an estimated 35% to 40% will actually be built. Streamline Towers is already fully backed and funded by Barclays Bank and ground breaking has started.In addition, owners will be able to walk a mere 162 steps from their front door to Fremont Street and the new businesses going in including:

Hogs & Heifers - the original New York honky tonk bar
Beauty Bar - straight from Sex and the City a beauty parlor with cocktails
The Downtown Club - by the owners of Whisky Sky - serious nightlife arrives downtown
Take One - Everyone’s a star with live entertainment and a spectacular restaurant
511 Fremont - the nightclub
Hennessey’s Tavern - an Irish pub straight from SoCal, dude
Mickie Finnz Fish House - a great place for a great time
Seven the Comedy Club - the best comics in the world
601 Fremont - clubs, boutiques and more
Triple George - a fabulous New York style restaurant
Cuba - a new night spot in your neighborhood
Celebrity - a night club with great live music and no cover charge

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