High Rise Condos on North Strip

[Darius Ogloza]

Anyone here investing (or considering investing) in high-rise condos on or near the strip?  Interested in your thoughts about likely effect that the completion of Resorts World and the Drew will have on this market (especially North Strip - e.g., Allure, Sky, Turnberry).  

[Marty True]

Hi @Darius Ogloza I’m usually a commercial/multifamily investor but have been starting to consider a few high rise units in Vegas.

I do think The developments that are going on in that area will help but The Drew’s timeline just got pushed back like a year so that will be a delay. 

As far as the three you mentioned, I would say Turnberry is a good bet but I personally would not buy in Allure or Sky. The management/HOA is really bad in both of those towers. If I was going to buy strip condo units, it will be Veer Towers, Waldorf Astoria, or The Martin (this one is one block off the strip, behind Bellagio).