Commercial and residential real estate numbers are on the rise in Las Vegas, and Veer Towers on the Strip is helping to lead the way. Less than one year after beginning sales, Pordes Residential Sales and Marketing closed on 100 units at Veer Towers.
“There is nothing but good news coming from Las Vegas,” said Mark Pordes, CEO of Pordes Residential. “The business plan was to close on the first 100 sales while leasing out the rest of the inventory and then decide what to do with the remaining ones, but with the market accelerating into 2014 we are now ready to release the next 100 units for sale at Veer Towers.”
According to the chairman of the index committee at S&P Dow Jones Indices, 12 cities posted double-digit annual returns. “Regionally, the West continues to lead with Las Vegas gaining 29.1 percent year-over-year,” David M. Blitzer said.
A neighboring project being planned by MGM Resorts International provides further evidence that the market in Las Vegas is strong. The company has announced plans to build a 20,000-seat arena in partnership with AEG. The arena will be the centerpiece of a revitalization of the area between New York-New York and Monte Carlo, extending from Las Vegas Boulevard to Frank Sinatra Drive. The facades of New York-New York and Monte Carlo are being transformed into an outdoor plaza experience featuring a series of casual bars, eateries and retail destinations.
Those two attractions are within walking distance of Veer Towers. In addition, Veer residents are surrounded by the luxury and convenience of the Shops at Crystals, the Gallery Row Shops, Aria, Vdara and Mandarin Oriental Las Vegas. The two 37-story Veer Towers were designed by Murphy/Jahn and lean across each other at a 5 degree angle, glistening in gold color. Residents have views of Las Vegas from their residence as well as the rooftop entertainment areas that feature infinity edge swimming pools, hot tubs, sun decks and summer kitchens.
“Veer Towers is the only all-residential offering on the Las Vegas Strip. It’s a trophy property in the heart of CityCenter, and it has become one of the most desirable addresses in the city,” said Jim Navarro, vice president of sales for Pordes Residential.
The Pordes Residential sales team is selling studio, one-, two- and three-bedroom condominiums at prices of $275,000 to more than $1.8 million. For more information on Veer Towers, contact the Pordes Residential sales office at 702-748-8285. The sales office is open seven days a week and nighttime showings are available. Financing options are available.
Neither Pordes Residential or the owner of the Veer units is affiliated with MGM Resorts International.