Las Vegas Luxury Pinnacle Condos $850 Million Project Uncovered

Luxury condos Pinnacle Las Vegas were unveiled today including the vision behind this massive $850 million real estate condo resort project.

"We are unveiling a thoughtfully designed vertical community featuring resort-style living," said Michael J. Bellon, Pinnacle's Director of Development and Managing Partner of the Falcon Group, developer of the project. "We have vertically integrated an entire neighborhood on 12 acres. Our residents will have resort amenities and attractions such as a fully- equipped fitness and health center and full-service spa combined with a gourmet coffee bar, market and retail stores, restaurants, a movie theater and executive office space available. It will instill a sense of community in this age of Las Vegas urbanism."

The developers of Pinnacle Las Vegas waited while the dust settled on Las Vegas hi rise condos. "Since we've owned the land for the past 20 years, we took our time to carefully plan our development. We obtained all the necessary FAA approvals, permits, and licenses we needed to go forward. We also paid attention to the market in order to incorporate many unique offerings such as our Managed Resort program, a three-acre Wet Deck, and the Pinnacle Interactive Network," said Bellon.

Pinnacle Las Vegas luxury condos met two important project milestones by naming Marnell Corrao, as general contractor, one of the most recognizable and prestigious names in $850 million resort construction, and securing first-level financing from Berkshire Capital Financial of New York City.

"Having Marnell Corrao serve as our construction contractor is a clear validation of the soundness of Pinnacle Las Vegas condos. Their track record speaks for itself and we could not be more excited in having them construct our condo project."

"This is a company that has built some of the most exciting resort properties around the nation and we look forward to the day Pinnacle Las Vegas luxury condos is added to that list," Bellon added.

Pinnacle's design is highlighted by stunning suspended "sky bridge" suites that connect two separate residential towers. Pinnacle Las Vegas condos was designed by Jon Sparer of Youngblood Wucherer Sparer Architects, Ltd. (YWS) drew the inspiration for the sky bridge suites from Michael Bellon. In May, the company appointed Interstate Hotels & Resorts, the nation's largest independent hotel management company, to manage Pinnacle's 1,104 residences. This allows condominium owners the opportunity to place their units in a rental arrangement.

Set to break ground in late 2006, the project will generate approximately 750 jobs at the height of construction and contribute millions of dollars in tax revenues. Upon opening in Spring 2009, Pinnacle condos will create more than 400 permanent jobs in Las Vegas and will be the touchstone project in the growing district west of The West Strip.

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Las Vegas luxury Pinnacle condos were revealed today along with a $850 million real estate resort.