Las Vegas Real Estate News

General Las Vegas real estate news and market conditions in the Las Vegas Valley area and updates on REMAX Associates.

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Name: Konnel Peterson
Location: Las Vegas, Nevada, US

Thursday, January 12, 2006

Las Vegas Blvd South's "Boca Raton" Sells Project's Contractor a Unit!

Well, you know that you have a desirable Las Vegas real estate product when your contractors are buying units! Derrick Hodson is a prime example of one satisfied Las Vegas condo buyer. Hodson, whose company is the mechanical and plumbing company contracted with for "Boca Raton", a mid-rise development on Las Vegas Boulevard South, recently purchased one of the units for himself.

He stated that, "Boca Raton" is one of the largest high-end condominium projects that my company has had the pleasure to work on." He explained that, "Having worked with two members of the development team, Stewart Simpson and Mack McKnight, during a (previous) project, I felt confident in purchasing one of the units and getting in on the ground floor of development. It's nice to be able to invest in a project you have been involved in constructing."

"Boca Raton" will comprise of 756 Las Vegas condos and is expected to be a $400 million project, consisting of four buildings, each standing seven stories high. Sizes for the units range from 584 square feet to more than 2,100 square feet. One, two, and three bedroom residences are offered, and amenities will include underground parking, walking paths, a concierge, a fitness center, swimming pools and spas, and a recreation center.

Jerry Peterson, a partner in the project, said, "We're still selling condominiums in the first phase, which allows buyers to get the best pricing available; but, the homes are moving fast as buyers recognize that construction costs are rising, and know the pricing will eventually increase." Also, "Our buyers are well-educated in real estate and they want to lock in at the best price possible."

Pricing for "Boca Raton" currently starts in the $300,000's and, if you would like a listing of the development's availability along with floor plans, please feel free to call REMAX Associates' the Peterson Group today at 1-800-LVHOMES!

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