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Residences At Oriental Las Vegas Nearly Sold Out

Last updated: 02/03/2008 15:38
Residences At Oriental Las Vegas Nearly Sold Out





Residences At Oriental Las Vegas Nearly Sold Out

More than 90% of the luxury residential offerings at CityCenter's Mandarin Oriental Las Vegas have sold in a mere 14 days and generated more than $600 million, signifying a robust market for Las Vegas' next generation development.

The first of CityCenter's four residential developments to be released to the public for purchase, The Residences at Mandarin Oriental achieved prices well above expectations.

Still available is the Mandarin Penthouse collection, including luxurious two- and three- bedroom units ranging in size from 2,065 square feet to 4,259 square feet. These residences are priced from $3.7 million to $9.1 million and will be delivered as grey shells.

"The tremendous success of Mandarin sales, in terms of price and pace, demonstrates the value CityCenter offers the sophisticated residential real estate buyer and indicates that CityCenter is more than a city-within-a-city; it is a real estate micro-market with its own supply, demand and prices," said Tony Dennis, Executive Vice President of CityCenter's Residential Division. "Through its remarkable architecture, elite amenities, unmatched service and forward-thinking environmental initiatives, it is clear that CityCenter is making its stake as one of the world's most desirable residential communities."

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