Ogden in downtown Las Vegas marks record sales month

The Ogden in downtown Las Vegas recently reported a record sales month with 14 closings valued at more than $4 million in four weeks. According to Uri Vaknin, a partner at KRE Captial LLC, whose company, in partnership with Dune Real Estate Partners, purchased The Ogden in 2013 as DK Las Vegas, that kind of success is the result of many factors, including a $1.5 million design upgrade to individual residences and common areas, the addition of new amenities, a highly desirable downtown location in the heart of the action and expanded financing options.

"The availability of Veterans Administration financing and a low 10 percent down program instantly made home ownership at The Ogden a reality for several prospective residents yearning to join the downtown community," Vaknin said. "We're now working on Fannie Mae financing, and The Ogden recently received conditional approval for Federal Housing Administration-backed loans once it reaches a designated threshold of ownership. Our expanded financing programs will offer buyers even greater flexibility and accessibility to create a pathway to home ownership at The Ogden. That's a real difference maker that will continue to help us maintain strong sales and ensure The Ogden remains one of the most desirable places to live in all of downtown Las Vegas."

Since acquiring The Ogden in 2013, the lobby has been refreshed with high-end design treatments; new upgrades throughout all residences, including new lighting, hardwood floors, granite countertops and stainless steel appliances; and upgraded amenities such as a sky deck, club room, fitness center and renovated outdoor pool.

Homes at The Ogden range from a one-bedroom, 815-square-foot residence for $229,000 to a three-bedroom home with a den that measures 2,044 square foot priced at $629,000. Residences feature a modern design aesthetic in keeping with the architecture and the lifestyle vibe, private balconies and expansive views of downtown Las Vegas, the Strip and the mountains that frame the valley.

The Ogden's single-story, open floor plans offer flex spaces that can serve as a home office, den or yoga room, extra bedrooms for accommodating multigenerational family and guests, and spacious windows that fill interiors with natural light.

The Ogden's rich urban lifestyle is created by its location in the city's historic center, which for many years has been undergoing a significant revitalization that has spawned scores of new businesses, restaurants, bars and coffee shops all within steps of Ogden residences.

Las Vegas is truly one of the last cities in America that is still on sale," Vaknin said. "Real estate prices in other major metropolitan markets have recovered more fully, while Las Vegas is still catching up. That means there are still many great values to be had here, and The Ogden is among those exceptionally great buys, particularly before the Federal Reserve is expected to raise interest rates later this year. Now is the time to make home ownership a reality for those considering it."

For more information, visit The Ogden's onsite sales center at 150 Las Vegas Blvd. North or online at Ogdenlv.com.