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.
Issue link: http://digital.greengale.com/i/94837
PHOTOGRAPHY COURTESY OF FASHION SHOW (MACY'S); BY ERIC PENROD (CREIGHTON), STEVE MARCUS/LAS VEGAS SUN (VANTAGE LOFTS), SLAVEN VLASIC/GETTY IMAGES (TRUMP), ETHAN MILLER/GETTY IMAGES (TRUMP INTERNATIONAL HOTEL) REAL ESTATE NEWS time's up AN ENVIABLE HOME GOES UP FOR SALE IN THE RIDGES, STALLED PROJECTS ONCE AGAIN HAVE THEIR DAY, AND THE DONALD ADDS TIME-SHARING TO HIS REPERTOIRE. BY TONY ILLIA C asino chief Lorenzo Creighton is selling his beautiful Summerlin residence. Creighton recently rejoined MGM Resorts International to help develop markets in the eastern US after serving as president of both New York-New York Hotel & Casino and Flamingo Las Vegas. As a result, his lavish five-year-old Las Vegas home is up for grabs as he prepares to leave town. The 7,692-square-foot mod manse consists of six bed- rooms, seven bathrooms, dual offices, a sitting room, and a five-car garage. The contemporary home is chock full of luxurious amenities, including a home theater with stadium seating, built-in bookcases, a gourmet kitchen, a full wet bar, and a wine cellar. "The home has a spacious, open floor plan ideal for casual, intimate, or official gatherings," says listing agent Rob Jenson, president of the Jenson Group Luxury Real Estate (thejensongroup.com). "It's also located inside a guard-gated, golf course community." Richly detailed with a butler's pantry and sand- stone flooring from India, the cul-de-sac home sits on more than two-thirds of an acre in the Ridges. It boasts an outdoor pool with a spa and waterfalls, plus a detached 536-square-foot casita and patio. Asking price: $4.2 million dollars. The Howard Hughes Corporation has resumed work on an open-air retail and restaurant complex that halted construc- tion in 2008. The project's steel skeleton will be revived as The Shops at Summerlin. The 106-acre complex will consist of more than 125 retail shops and dining estab- lishments, and a nine-story office building, combining for 1.5 million square feet of space—the equivalent of 31 football fields. The project will create about 1,700 jobs during construction and another 2,000 upon completion. "This milestone confirms that the Las Vegas economy is recovering, with Summerlin leading the way," says Kevin Orrock, a senior vice president for Howard Hughes (howardhughes.com). Macy's will be the inaugural anchor tenant with plans to open a 180,000-square-foot store there in 2014. Slated for the short-term: a 105,000-square-foot Macy's Men's Store at Fashion Show, and a 138 VEGASMAGAZINE.COM Macy's will anchor The Shops at Summerlin. Lorenzo Creighton's Summerlin home. Trump International Hotel Las Vegas. Donald Trump remodel including a major women's accessories expansion at the current store there. Eventually, The Shops at Summerlin will be part of a larger live-work-play development that will serve as a walkable urban core for the 22,500-acre Summerlin master-planned community along the western rim of the Valley. Summerlin isn't the only place where projects are making a comeback. An investment group led by the Rothwell Gornt Companies (rothwellgornt.com) is reviving the partly built Vantage Lofts in Henderson, which halted construction in 2008. The bankrupt condo- minium complex was purchased in early 2012 for pennies on the dollar. The new owners are spending about $15 million to complete the remaining 110 units. The contemporary mid-rise complex, tucked into the foothills of the McCullough Range, had called for one- and two-bed- room flats, townhomes, and two-story lofts ranging from 1,000 square feet to just under 3,000 square feet in size. Rothwell Gornt, which specializes in turning around troubled properties, plans to finish the buildings and upgrade the common areas, turning an eyesore into a community jewel. The Donald is at it again. Outspoken real estate mogul Donald Trump will soon make luxury-vacation ownership available inside the Trump International Hotel Las Vegas. The $533 million, Vantage Lofts in the works. 64-story tower recently sold 300 con- dominiums to Hilton Worldwide (hiltonworldwide.com), which will use those units as time-shares starting in early 2013. Trump made his Las Vegas debut in 2008 with a 24k gold glass skyscraper; the Hilton deal marks the latest chapter for the lav- ish Strip high-rise. "Hilton truly does an outstand- ing job," Trump said in a statement. "We are confident that this relation- ship will provide great benefit to our existing owners." Trump Las Vegas has 1,282 condo-hotel units, giving owners an option to rent residences as hotel rooms. V