With a team of bulldozers, developers of Pinnacle Las Vegas cleared a 12-acre site Wednesday to make way for an $850 million managed condominium resort-hotel.
The demolition began when a large clawed backhoe tore through the roof off an existing building on the West Tropicana Avenue site.
“You are witnessing another significant milestone in bringing Pinnacle to life,” said Michael Bellon, development director of Pinnacle Las Vegas. “Since announcing our project over two years ago, we’ve taken our time to create one of the most distinctively designed and thoughtfully planned developments in Las Vegas.
“Unlike many other developments, we’ve owned this 12-acre parcel of land free-and-clear for the past 20 years. Which means there was no need to rush to the market; there was no pressure to pay off debt. Instead, we monitored the market, listened to our customer base, and obtained all the necessary permits and licenses to proceed,” Bellon said.
At the height of construction, the project is expected to generate about 2,000 construction jobs. Upon opening in 2009 a couple miles west of the Strip at the corner of Tropicana and Cameron Street, Pinnacle will generate more than 500 permanent jobs.
Pinnacle Las Vegas will use signature curvilinear architecture that features two 36-story towers joined by Sky Bridge suites. The development will feature a three-acre “Wet Deck” with an island, a hibiscus-shaped pool; a dive-in theatre from which residents can view movies in or out of the pool; a poolside snack bar and cocktail center; private cabanas; a quarter-mile jogging path; fitness center; full-service spa and salon; a residents-only lounge with dining and meeting space; retail outlets; restaurants; gourmet market; coffee bar; business, meeting and conference space; and executive office space.
“We wanted to create something that single-handedly redefined the standard of Las Vegas condominium living,” Bellon said.
Pinnacle’s Managed Condominium Resort-Hotel Program is an optional service available to residents. This care and maintenance program ensures that the home is always clean and cared for, even when the owner is away.
Purchase of a unit may include the opportunity to place the unit in a rental program. Owners can have their home managed by Pinnacle’s hotel management partner, Interstate Hotels & Resorts, or by another company of their choosing.
Pinnacle Las Vegas was designed by Jon Sparer of Youngblood Wucherer Sparer Architects, Ltd. In June, the company secured the first major level of financing from Berkshire Capital Financial of New York and selected Marnell Corrao as construction contractor. Construction is scheduled to begin late this year.
For more information, visit ThePinnacleLasVegas.com or call the sales center at 877-889-4144.