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Bubble vs. Today
 
Bubble vs. Today

The scars of the recession have largely faded from Las Vegas’ real estate market, but around town, there are still reminders of the boom and bust. An empty parcel of land off the south Strip was supposed to have a 26-story condo tower during the mid-2000s bubble. A vacant lot near The Orleans was earmarked for an $850 million project with two 36-story towers. A parcel at Tropicana Avenue and Interstate 15 now has two small hotels, but it was supposed to have a 41-story resort. Across from the SLS, a Walgreens occupies property that years ago was earmarked for an 80-story condo tower called Ivana Las Vegas. In the southwest valley, developers set out to build the multi-tower Sullivan Square. But today, the project site is just a giant hole in the ground.

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