Las Vegas Luxury Condominiums Vegas Grand Starts Construction

Las Vegas luxury condominiums, Vegas Grand, at Swenson Street and Flamingo Road, is going vertical, said Florida-based developer Del American.

General contractor, Summit Builders of Nevada, for the first phase of the $650 million project, has started construction with the placement of underground electrical and is starting foundations, rebar, footings.

Bella Venezia building 1, is expected completion in May 2007 of the 212-unit condo building.

Bella Venezia I and II will provide 670,000 square feet of residential space in 425 condo units, along with retail space and two parking structures. Condos pricing started from the $300,000s to $1.2 million.

The 20-acre land Del American purchased in August 2003 from Nevada Power for about $4 million has been appraised at $11.2 million.

There was a two year delay in construction due to flood control challenges and engineering difficulties of the Flamingo and Tropicana washes on the real estate.

$8.5 million has been spent on infrastructure work, including 2,000 linear feet of 72-foot-wide, double-arched drainage culverts.

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Las Vegas condos Vegas Grand starts construction with completion in 2007.