Fall and rise of real estate in Vegas

Today, we see how the business component of the Capital of Second Chances got its another shot at economic prosperity as the first stage of Downtown Summerlin is undergoing active construction to comply with its opening deadline in October. The new complex will include entertainment and retail ingredient in it. Howard Hughes Corp. (HHC) is responsible for the reestablishment of the enterprise, taking up the torch from the past owner who dissolved the project in 2008. Downtown Summerlin will be conveniently located within a 20-minute drive from the Strip. About 400 acres of magnificent complex will comprise “one of the most strategically located real estate developments in the country,” said Kevin Orrock, the president of Summerlin Orrock. “We expect to draw from the entire region, not just the Summerlin community.

For the folks who aim to come into possession of new and crispy apartments, there are several projects under construction featuring the Calida Group’s 360-unit Elysian at the District expected to open its doors in the beginning of the next year in Henderson, a Las Vegas suburb. The splendor apartments will be surrounded by three clubhouses, a gym and pet spa, according to Eric Cohen, managing director at the Las Vegas-based developer. 

And what is Las Vegas without casinos? There are countless plans to put into operation different nightclubs, dining venues and retail malls to cater to the cravings of gamblers and visitors seeking other types of entertainment such as gambling spending falls.