Las Vegas Central from condos to hotel rooms

Las Vegas Central has overcome the odds. Announced back in 2005, the project stalled when the FAA retracted its approval of the twin 47 story tower design. Because of the redesign, refunds had to be given to purchases whose condos didn't exist under the new design.

Last year the LLC was forced to file bankruptcy and was able to secure a 12 month bridge loan. The convention center has decided on a billion dollar plus remodel that will place the entrance to the convention center about 300 feet from the Central project site (the current address is 3150 Paradise Road, Las Vegas, NV 89109). Several national hotel operators have expressed interest in building a hotel on the site instead. According to the developer, its very feasible  to change the design to a hotel instead. The new plans also call for the top floors to hold luxury penthouses. With the high rise market still going strong, I'm sure they'll have no problem selling the penthouse units, especially located next to one of the largest convention centers in the world.

No official word yet on when the project will be completed or condo pricing.


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