Vegas Magazine - Niche Media - There is a place beyond the crowds, beyond the ropes, where dreams are realized and success is celebrated. You are invited.
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left: Not too shabby: The view from Sky Residence 2911. right: With less and less inventory, spaces like this Veer West Tower bedroom (unit 3603) are becoming unicorns on the Strip. below: A cozy nook for reading or relaxing in Penthouse 4103 at the Mandarin Oriental. "Now you have an arena; The Park; they're building a new theater; and there are condos that are half the price. Figure that out." BIGGER IS BETTER "Right now, we have a lot of clients wanting luxury," says Shari Sanderson (lasvegas condomania.com), who's sold numerous Mandarin units with her Award Realty partner Michele Manley. "Luxury with massive square footage resembling the huge mansions of 2005– 2006 that were so popular. The difference now is our pricing is extremely low compared to California and our tax structure is so much lower. Buyers from California are looking at Vegas as the no-brainer." "The space is critical," says Bell, who adds that combin- ing units can drive sales in a market priced much lower than other cities with Mandarin Oriental condos, like New York and London. "If they love it, price is the least important thing." NEXT UP: NORTH STRIP! The action is moving north, with Steve Wynn's expan- sion, the new W tower at SLS, the new Lucky Dragon casino, and the forthcoming Resorts World Casino adding fire to the market. "All of those new projects are going to revolutionize the Strip," Brimhall says. This should raise the profile and prices at nearby condo towers like Sky and Allure, where it's easy to find residences for less than what it would cost to build them. I think there's tremendous upside to the condos. Anytime you can buy something below replace- ment cost, it's tough to make a bad decision." . VEGASMAGAZINE.COM 111