Another
Vegas
condo is in trouble.The latest luxury condominium project with a tale of woe is
the Curve project. According to the
Associated Press, nearly 100
buyers got a note offering to either refund their money or extend their contracts by 150 days. The off-Strip Curve was
pitched as a mini-suburbia of condo towers and commercial buildings. Construction was supposed to begin at the tail end
of last year. Developers had originally planned to sell 75 percent of the units before the start of construction but
have only sold a little over half of the condos thus far. Apartments at the $300 million complex started at
$385,000. The developers say they are still looking forward to building the project and just need to regroup but the
Curve's website says the project has been suspended.
Reader Comments (Page 1 of 1)
Geekette Mar 28th 2006 9:05PM
Not surprised it undersold. I mean, 400k for off-strip condos? In a place where you could get a fully detached house for much less, locals won't play that. And as the article indicated, off-strip housing makes sense for residents, not visitors or investors.