The Curve

The Curve is a high-rise condominium structure set in suburban village environment. The first phase of The Curve is located inside the I-215/Beltwaycurve between Durango Drive and Sunset Road. The project will have two 18-story luxury condominium towers, 109,653 square feet of retail space and restaurant space, 61,201 square feet of commercial space located above the retail space.

The development offers six floor plans ranging from 1,078 to 2,046 square feet. The homes have one or two bedrooms and one to three baths and their prices start from $400,000s. The location of the project is such, that the residents have easy access to the valley as well as have the convenience of urban life. Retail boutiques, restaurants and intermixed office space are integrated through out the project, which allows people to enjoy the urban lifestyle right at their doorsteps. The Curve homes offer floor-to-ceiling windows and large terrace with view of the Las Vegas valley.

Affordable Housing

As affordable and attainable housing, is becoming out of the reach for the people of Las Vegas. The Lied Institute of Real Estate studies has come up with many suggestions that can solve this problem. The report, “developing attainable housing” has been developed after consultation with many developers, experts and civic leaders. According to the recommendation a non-profit organization would buy the land and form a long-term lease with the owner for any improvement on the property, the community land trust would also buy few homes from the reputed builders and sell them to qualifying homebuyers for reduced rates.

According to the studies the main obstacles affecting housing affordability is the high value of land, construction defect litigation and BLM regulations. One suggestion is that the proceeds from the auction conducted by the BLM go towards helping attainable housing problem. According to the report Las Vegas is 40,000 houses short in affordable housing. Lack of affordable housing has its affect on the society by increasing family disintegration, homelessness and employment instability.

Redevelopment Along The North Strip

In Las Vegas the North Strip is bustling with activity with as many as seven projects and more than 4,000 condominiums projects breaking ground. The land prices are continuing to raise compelling most of the property owners to plan for redevelopment in order to have maximum benefits from their property.

One of the redevelopment options is construction of condos. With the rising cost of construction, limited number of builders and many upcoming projects there is not much scope for the redevelopment property and most owners like the Riviera are trying to take advantage of the increase in customer traffic by raising their room rates.

The southern and central part of the Strip have very little land available for development thus making the north part the epicenter of the future developments in Las Vegas. The property in Las Vegas has seen an increase in revenue and operating cash flow of one percent in the third quarter of 2005. Before the next decade most of the older casinos along the North Strip are expected to undergo redevelopment keeping in view the ever-increasing tourism growth.