Yet Another Vegas Condo Project in Trouble

by Deidre Woollard (RSS feed)
Mar 28th 2006 at 7:27PM

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.

Tags: condo project, condominium, curve project, CurveProject, las vegas

Filed under: Luxury Travel & Hotels

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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.