Condo King Is Done Here
The so-called Condo King is canceling his tower in Sin City. The Mercury News is reporting that Perez canceled a twin-tower condo called ICON Las Vegas. Now he’s weighing selling the 25 acres on which he, along with actor George Clooney, planned to build a massive — and much-hyped — 11-tower condo project, Las Ramblas.
The $3 billion project was to rise near the Las Vegas Strip, and full-page newspaper ads heralded the arrival of Perez, Clooney and team as the second coming of the Rat Pack. But now Perez says demand is lower than expected and construction costs much higher.
This information brought to you by Homes in and around the city of Las Vegas.
