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The Realtor's opening for the Cosmopolitan was February 14th at the Four Seasons Hotel at 9am, and it was an amazing success, far surpassing the previous Trump Towers opening! We are still waiting to hear exact figures, but lines were out the door through the day as Realtors scrambled to secure units for their buyers. Sophisticated buyers from Miami and New York hopped last minute flights to get their checks in on time and sales were limited to one per buyer. When we left at 2 pm (after standing in lines since 5 am) deposits on the scarce one bedroom units had been raised to $100,000, and at day's end only a few of the 900+ units scheduled to be released were still available.
But for those who missed out on opening day there is still good news! There are a few select units still available and the developer withheld approximately 350 great units on the top 5 floors and on the Strip side of each floor and they will be released shortly. It is also anticipated that there will be some fallouts, so back up reservations will be accepted until the units go to contract about mid to late April. Deposits are refundable until date of contract, and checks should be made payable to Nevada Title Company.
If you are one of the many looking into high rise condominiums for your next investment, you cannot go wrong with The Cosmopolitan, a magnificent mega project which offers the latest condominium-hotel ownership. This address will put you at the heart of "The Vegas Strip." Designed by the award winning firm Arquitectonica and developed by Bruce Eichner, this property is brilliantly located at 3700 South Las Vegas Boulevard, adjacent to the Bellagio Hotel and Casino and north of the extravagant MGM City Center project. Eichner has developed other hugely successful projects and is considered one of the most prestigious developers in the industry.
With 61 stories and more than 2,200 vacation apartments including the regular hotel rooms, the Cosmopolitan will total more than four million square feet of pure luxury, and will have a 70,000-square-foot casino, Nevada's largest 50,000 square foot fitness facility and spa, and more than 300,000-square-feet of retail and restaurant space. Also, it will feature a 3,000 car underground garage, 150,000 sq. ft. of convention space and 1800 seat theatre. The contemporary life style will include elegant smooth 10 foot high rise ceilings, spacious walk-in closets, floor to ceiling windows, plasma TVs, kitchenettes, extra large balconies with impressive panoramic mountain and city skyline views and high-speed resident elevators. Also, you will feel safe with a 24-hour guarded security and video monitoring. There are three floor plans offered:
All suites have 100 sf balconies too! Information is not yet available on exact maintenance fees and splits with the hotel management company, but will be on hand prior to contract signing dates. The timeline is short so please contact us to be on the priority list for new and upcoming information to purchase your piece of "The Vegas Strip." This project is the Tonnesen Team's personal choice for "best of class" in condotels for location, price and amenities! | ||||||||||
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