How Many High Rises Will Eventually Come Up?

Not all of the proposed high-rise towers will come up
in Las Vegas according to analysts.
Less than half around 30 percent of 100 or so towers
that were supposed to come up will eventually come up
according to Wall Street Analyst only reinforcing what
local experts have long been predicting.

If all the 100 announced high rises are built that
will be whopping 37,000 new luxury condos on the
market according to a Deutsche Bank report. Though
Turnberry Towers and Park Towers started the trend of
luxury condo living in Las Vegas several other
projects like Metropolis, SoHo Lofts and Panorama are
coming up continuing the trend.

But not many are sure of how many units will actually
come up or how many will finally sell. With the
failing of Krystle Sands, homebuyers who were on the
waiting list of that high-rise on the Strip, around
3000 of them are back on the market and there may be
scramble for homes that are coming up on the Strip.
Bruce Hiatt, owner and broker of Luxury Realty Group
in Las Vegas feels that there be a bullish condo storm
on Strip. Turberry Towers homes sold out in hours and
there are no other new projects coming up there in the
near future.