CityCenter’s leaning Veer Towers officially open
Las Vegas Sun, 7/16/10 - The last of the residential buildings at CityCenter officially opened Thursday, with the two leaning Veer Towers welcoming its first residents and opening model units.
The two 37-floor towers include a mix of studios, one-, two- and three-bedroom units and penthouses.
The units range in size from 500 to 3,300 square feet and cost between $348,000 and about $2 million, depending on the size and features of the unit.
About six of the 100 people who have closed on units have already moved in, said Tony Dennis, the executive vice president of CityCenter’s residential division.
Of the 600 units in the two towers, about 440 units were sold, Dennis said, but about 40 buyers have backed out of their contracts.
MGM Resorts International, the managing partner of CityCenter, began closing on contracts for the Veer units last month and expects the first round to be done by mid-October, Dennis said.
The entire CityCenter complex should have 300 residences closed in the next week, with Mandarin Oriental currently closed on 47 units and Vadara closed on about 150, Dennis said.
Dennis said about a third of the buyers so far are from Nevada, with another third from California and the remaining third from Canada, Mexico, Europe and Asia.
About 90 percent of the buyers were already affiliated in some way with MGM Resorts, Dennis said.
“These are our customers. We know who they are, and that’s why we’re outperforming the market on the closings,” he said.
“They know while they are paying a premium, they’re getting value and value that’s unique and special to them,” he said. “It’s about them and their needs, and we service them. And so they’re prepared to pay a pretty penny for what they want.”
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CityCenter’s leaning Veer Towers officially open
Las Vegas Sun, 7/16/10 - The last of the residential buildings at CityCenter officially opened Thursday, with the two leaning Veer Towers welcoming its first residents and opening model units.
The two 37-floor towers include a mix of studios, one-, two- and three-bedroom units and penthouses.
The units range in size from 500 to 3,300 square feet and cost between $348,000 and about $2 million, depending on the size and features of the unit.
About six of the 100 people who have closed on units have already moved in, said Tony Dennis, the executive vice president of CityCenter’s residential division.
Of the 600 units in the two towers, about 440 units were sold, Dennis said, but about 40 buyers have backed out of their contracts.
MGM Resorts International, the managing partner of CityCenter, began closing on contracts for the Veer units last month and expects the first round to be done by mid-October, Dennis said.
The entire CityCenter complex should have 300 residences closed in the next week, with Mandarin Oriental currently closed on 47 units and Vadara closed on about 150, Dennis said.
Dennis said about a third of the buyers so far are from Nevada, with another third from California and the remaining third from Canada, Mexico, Europe and Asia.
About 90 percent of the buyers were already affiliated in some way with MGM Resorts, Dennis said.
“These are our customers. We know who they are, and that’s why we’re outperforming the market on the closings,” he said.
“They know while they are paying a premium, they’re getting value and value that’s unique and special to them,” he said. “It’s about them and their needs, and we service them. And so they’re prepared to pay a pretty penny for what they want.”
...
Read the whole article
