Las Vegas welcomes the Palazzo

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Services for Real Estate Pros

The newest jewel to the Las Vegas Sands Corp.'s resort portfolio is ready for the grand opening this weekend, scheduled from Thursday through Sunday. A host of special events are on tap and one of them is a concert where Motown megastar Diana Ross and three-time Grammy winner Seal will perform. The Palazzo's soft opening took place during the New Year's weekend and ever since more of the property has become available in stages to the public.

The $1.9 billion casino-hotel's 50-story tower with over 3,000 suites is called the tallest hotel in town. It sits right next to its sister resort the Venetian and the two are connected. The passage houses a number of amenities, from famous restaurants like Delmonico by Emeril Lagasse and B&B Ristorante to plenty of fancy shops to a Blue Man Group showroom.

On its vast property Las Vegas Sands operates over 2 million square feet of convention and meeting space and one of the central ideas was to build the Venetian and the Palazzo an equal distance from that huge event arena, making it easy for convention goers to navigate between all three points. Another unique feature - Las Vegas is known for parking garages set behind hotels - is the parking facility here which is underground and able to hold 4,400 vehicles. 

The Palazzo site is still growing, though. A 50-story condominium tower is under construction with up-and-down views of the irresistible Strip. The condominium component obviously is a must feature nowadays at new mega resort here. The building will consist of about 300 high-end units and the sales office is projected to open during the summer. Despite the current turmoil in the mortgage and local real estate markets, marketing them shouldn't be much of a problem since the luxury condo sector continues to thrive in Las Vegas.

 

 

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Provided by: 

Esko Kiuru
Mortgage, real estate and apartment industry analyst 

www.BluefoxToday.com - syndicated mortgage, housing and property management blog

eskokiuru@gmail.com
My cell: 702-499-1006

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Rainmaker
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Bob & Carolin Benjamin
Benjamin Realty LLC - Gold Canyon, AZ
East Phoenix Arizona Homes
Thanks for posting. Always good to learn about new developments in Vegas.
Jan 16, 2008 11:29 PM #1
Rainmaker
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Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Authentic Feng Shui Expert
Esko, It sounds like it's going to be amazing.  A show recently was speaking about the new development in Vegas targeted to luxury places to live.
Jan 17, 2008 06:29 AM #2
Rainmaker
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Esko Kiuru
Bethesda, MD

Bob & Carolin,

Commercial development, especially the casino and hotel area, is hot right now.

Jan 17, 2008 06:21 PM #3
Rainmaker
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Esko Kiuru
Bethesda, MD

Carole,

Luxury condominiums appear to be doing very well right now.

Jan 17, 2008 06:23 PM #4
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