You just know condo project after condo project in Vegas, Miami, Phoenix, San Diego, Boston and city after city will be cancelled - some even in mid construction.
Here's yet another from Vegas announced with so much hype (pets.com anyone) - and then out with just a whimper... Anyone hear any other cancelled projects? How about those "X10 Wine Lofts" in Scottsdale - my favorite!
Clooney high-rise condos hit snag
The $3 billion Las Ramblas luxury condominium-hotel project backed by actor George Clooney is no longer taking reservations at its sales office on Convention Center Drive.
Las Vegas-based Centra Properties and Related Las Vegas formed a joint venture last year to acquire the land for $85 million. Clooney had reportedly invested $10 million in the project.
Las Ramblas was among $20 billion in condo and hotel projects to be developed along the Harmon Avenue corridor, from the Hard Rock Hotel to the Palms.
"The sales office is not closed," Related Las Vegas President Marty Burger said Tuesday. "There are lots of rumors. Don't believe everything you hear. When something is concrete, we'll call you. I can't talk about it now. Sorry."
March 31, 2006
Posted by blogger at 3/31/2006