Own a Trophy Property in Las Vegas
Veer Towers, Condos on The Strip from $250,000
September 24, 2013
Joel Greene here from Condo Hotel Center. Ever been to Las Vegas? Even if you have, I bet you didn’t know these fun facts:
- There are no clocks in Las Vegas gaming casinos.
- Las Vegas casinos never use dice with rounded corners.
- The Las Vegas Strip is 4.2-miles long.
- There are 209,000 slot machines in Las Vegas.
- The largest jackpot ever won was $39.7 million in 2003 at the Excalibur casino.
- It’s against the law to pawn your dentures in Las Vegas.
I’m not sure what the story is for #6, but I can only imagine some brilliant politician is proud of having come up with that law.
The fact that’s most interesting to me is #3. While Las Vegas is 84 square miles, the infamous Strip is a mere four miles. And that’s just where today’s featured property is located.
Towering Over The Strip
Veer Towers is a private residential condominium consisting of two 37-story high-rise condominiums and a total of 670 luxurious residences. While that may not sound unusual, what is unique is how the towers look.
The two towers were built at opposing five degree vertical angles, making them architectural marvels. Tourists can be seen flashing pictures of them nearly non-stop. The design is iconic, even for Vegas.
What makes Veer Towers even more impressive is its location. It is a part of CityCenter, a stunning retail and entertainment district spread across 67 acres. Built from 2006-2009 at a cost of about $9 billion, it is one of the largest privately funded construction projects in the history of the U.S. When it opened in December 2009, it employed over 12,000 employees across its hotels, restaurants, casino and retail establishments.
A Posh Lifestyle
CityCenter in Las Vegas is a playground for the rich and famous, offering a fashionable and fun lifestyle unlike any other.
Residents at Veer Towers get the best of all worlds – access to all CityCenter and Las Vegas have to offer plus plenty of great features to enjoy when they are home. Veer Towers’ amenities include:
- Atop each tower, rooftop inﬁnity-edge pool, hot tub and sun deck
- Rooftop outdoor grill and entertainment area overlooking city skyline
- Fitness centers with panoramic views
- Steam and sauna rooms
- Recreation room with billiards table
- Private theater-media room
- Business centers, board rooms with teleconferencing
- Membership in M life Curated Living program, dedicated concierge services
- Valet parking
- 24-hour security
Here’s how one resident describes life at Veer Towers. “Swanky is the word that comes to mind. Expensive sports cars inundate valet parking. The valet staff is top notch. The concierge service is first-class as well. This place spoils you quickly. You wonder not what can I get in Vegas, but what can’t I? They are heavy on service here, and it permeates the feel of the building every day.”
An Amazing Location
If you want to be in the center of it all in Vegas, CityCenter, where Veer Towers is located, lives up to its billing. Spanning 67 acres, the mixed-use complex on the Las Vegas Strip straddles Harmon Avenue and is bordered by (listed clockwise, starting on the east side): Las Vegas Boulevard, the Monte Carlo Resort, I-15, the Bellagio, and The Cosmopolitan Resort & Casino.
While it’s certainly great to be near the action, residents of Veer Towers will have no problem keeping busy within CityCenter. The collection of prestigious designer shops, restaurants and nightlife is unrivaled on The Strip. The Aria Resort and Casino in CityCenter has 150,000 square feet of gaming space. It also boasts 16 restaurants and 10 bars and clubs.
Adjacent to ARIA lies one of the truly exceptional venues for entertainment and shopping in Las Vegas: The Shops at Crystals. Under its crystalline, glass-and-steel canopy, visitors will find the world’s largest collection of luxury brands in Las Vegas including Louis Vuitton, Hermes, Dolce & Gabbana, BVLGARI, Ermenegildo Zegna, Tom Ford and Tiffany & Co.
Veer Towers’ History
MGM Resorts International, the same folks who own the Bellagio, MGM Grand Hotel and Casino and many other hotels on The Strip, were the developers of CityCenter. They began construction of Veer Towers in the summer of 2006. When the worldwide real estate market crashed, Las Vegas went down hard. Values plummeted and many properties went into default.
At the time Veer Towers was under construction. Many of its condos were under contract but, as construction was completed, many buyers backed out or couldn’t get financing and broke their contracts. Numerous condos remained unsold. The developer leased them out, waiting patiently for the market to improve.
In Dec. 2012, 427 condos were purchased by Pordes Residential for $119 million, which was less than construction cost. They have recently put them on the market, and it’s those condos that I’m able to offer to you today.
Numerous Floor Plans
A condo at Veer Towers can be a permanent residence or a vacation home. You’ll have plenty of choices when it comes to layout. The towers’ leaning appearance makes for unique interior floor plans, over two dozen of them!
Deluxe studios and condos with one to three bedrooms are available. All come with designer-selected ﬂooring, European-style kitchen cabinetry, and high-end Bosch appliances. The condos have floor-to-ceiling windows offering views of CityCenter, The Strip and the Bellagio fountains.
Veer Towers is a project with a LEED® Gold certiﬁcate from the U.S. Green Building Council, meaning it meets the highest standards for energy and water efficiency and indoor environmental quality.
Prices Start at $250,000
Owners at Veer Towers can live in their home or rent it out for part or all of the year. Current average monthly rental rates for the studios are approx. $1,400; 1 bedroom, approx. $1,900; 2 bedroom, approx. $3,300; and 3 bedroom, approx. $4,200.
The residences in Veer Towers range from 537 to 2,093 square feet. Prices start at $250,000 and go up to $2,000,000.
Cash deals typically close within two weeks following this period, although buyers requiring financing may close up to 45 days later. Financing is available with 25% down.
Want to know more? I’ve put all the details into a data sheet. You’ll just need to register below in accordance with the developer’s requirements, and we’ll get it right out to you.
I started this Property Alert with a few fun facts about Las Vegas. Here are a few more that caught my eye. Did you know…
- Over 49 million people visit Las Vegas each year.
- Las Vegas boasts 17 of the 20 largest hotels in the U.S.
- It would take 288 years to spend one night in every hotel room in Las Vegas.
- On average 315 couples get married in Las Vegas each day.
- More than 60,000 pounds of shrimp are consumed daily in Las Vegas, more than are eaten in all other parts of the U.S. combined.
- The larger casinos have an estimated $30 to $60 million in their vaults most nights.
As always, thanks for subscribing to our Property Alerts. And if you’re interested in a condo in Las Vegas or perhaps Miami, I hope you’ll give us a call. We’re happy to provide all the data you need to make an informed decision.
Have a great day!
Licensed Real Estate Broker
Condo Hotel Center
1368 NW 165th Ave.
Pembroke Pines, FL 33028
Want to know more about me? Click below: //www.condohotelcenter.com/joel-greene.html
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