CityCenter Opens For Sales

by Deidre Woollard (RSS feed)
Jan 3rd 2007 at 11:06AM

Condo offerings may have taken a big hit in Vegas, with many projects being scrapped before they even began. But the ambitious plan for MGM's CityCenter have continued apace with construction starting last summer. The CityCenter project is located between the Bellagio and Monte Carlo resorts and is expected to open in 2009.

Now it's time to take measure of how successful this project will actually be. The Residential Sales Pavilion has opened for business to take reservations for around 2,700 luxury residences spread out over several buildings. Three of CityCenter's four residential developments are available for reservations: Vdara Condo Hotel, Veer Towers and The Residences at Mandarin Oriental. Residences at The Harmon will be released later in 2007. Unit prices start at around $500,000 for Vdara and the Veer Towers. It's a bit pricier at the Mandarin, starting at $1.5 million for suites ranging from 1,000 to 3,900 square feet. The condos are just part of the CitryCenter experience. There will also be a 60-story hotel and a retail and entertainment complex with restaurants, clubs and shops all under a crystalline canopy.

Any predictions for the success of this venture? Based on recent hesitancies about the condo market, I'm not predicting a quick sell out.

Tags: city center, condo, las vegas, LasVegas, mgm