Allure condo tower gets 12 more closings

The 41-story Allure luxury condo tower on Sahara Avenue recorded 12 closings in the past two months, according to a report from Deutsche Bank. Another seven units are under contract.

Allure, located about two blocks west of the Strip, is one of only four high-rise condos in the resort corridor actively closing escrow, the report said.

Las Vegas-based SalesTraq showed 185 sales at Allure in 2008 at an average price of $527,395. The project is 47 percent sold.

Palms Place was the top high-rise seller last year with 344 units at an average $738,040, followed by Trump Tower with 289 sales at an average $820,309, according to SalesTraq. Both of those projects are condo-hotels.

An aggressive and competitive price structure gives Allure buyers more condo for their money, said Alan Schachtman, senior vice president of Chicago-based Fifield Cos. Remaining units are priced from the mid-$200,000s. Floor plans range from 670-square-foot studios to 4,400-square-foot penthouse suites.

Contact reporter Hubble Smith at hsmith@reviewjournal.com or 702-383-0491.