Las Vegas Night Club Owner Unveils Las Vegas Spa Lofts Condos

Las Vegas Night Club Owner Unveils Las Vegas Spa Lofts Condos.

Andrew Sasson, the thirty-something nightclub entrepreneur, recently unveiled a new mid-rise Las Vegas condominium project called Spa Lofts in the southwest valley. The three-building, 142-unit complex is located at Badura Avenue and Rainbow Boulevard, just south of the Beltway.

While the transition from Las Vegas night club king to high-rise developer seems unlikely, Sasson is an unlikely success story. The high school drop out from London has a knack for defying the odds. He came to Miami Beach at age 17 on a student visa and he never went back. Starting as a doorman, the brassy Brit worked his way through the ranks to develop a nightclub empire before heading to Las Vegas.

After cold-calling Bobby Baldwin, the president and CEO of Mirage Resorts, for five years to set up a meeting, the two eventually launched Light Night Club at the Bellagio in 2001. Sasson and partners, Andy Masi and Sean Christie, subsequently formed The Light Group, the firm responsible for FIX, Light and Caramel at Bellagio, JET and STACK at The Mirage and Mist at Treasure Island.

HIT WITH CELEBS

It's a juggling act that Sasson handles well in addition to maintaining a high-octane aura around his Light properties as the hip, happening places in town. His foray into high-rise Las Vegas real estate development came by accident.

But now he's back with Spa Lofts Las Vegas. Designed by Graham Downes Architecture of San Diego, the project consists of three Bauhaus-style mid-rise buildings that form an outdoor courtyard with pools, cabanas and landscaping. Homes range from 1,276 to 1,500 square feet, with loft-like interiors that include open floor plans, double-height ceilings and balconies. Residences feature top-of-the-line finishes, fixtures and appliances manufactured by Kohler and GE. Each standard unit comes with hardwood and slate flooring, European cabinets and marble bathrooms. The five-acre project is being developed under the direction of Sasco Real Estate.

'ORGANIC STEP'

"Mid-rise projects are the next evolutionary step in the valley's move from a low-rise dominated residential market to a vertical market," said John Restrepo, principal of Restrepo Consulting Group, a Las Vegas real estate research firm. "It's a more organic step and mid-rise projects also work well in both urban and suburban settings."

Spa Lofts, as its name suggests, will additionally feature a 5,000-square-foot spa-and-fitness center that offers yoga, pilates and strength training as well as massages, facials and body treatments. The 70-foot-tall buildings will have four levels of residences, with covered parking below. Prices start at $360 per square foot which seems inexpensive when compared with comparable resort-style Las Vegas condominiums.

Source: LV Business Press

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Las Vegas Night Club owner unveils Spa Lofts, Las Vegas condos.