Juhl Las Vegas Condominiums Downtown Are Over Half Sold

Juhl Las Vegas condos, a $170 million mixed-used condominium development located downtown Las Vegas real estate. Construction continues on pouring the third and fourth floors of the parking structure and luxury condominium building.

Demand for Las Vegas mid-rise condos is coming from local residents who've lived in high-rise projects in other cities such as Miami, New York and Chicago; investors; second-home and vacation home owners; and professionals who want to live near their offices.

CityMark Development, from San Diego, is building Juhl condos and it will have 340 condominium units and 24,000 square feet of ground-floor retail space in a 15-story building. It will occupy nearly an entire city block.

Juhl Las Vegas is about 60 percent sold with 214 "hard contracts," or binding purchase agreements. Financing construction is Chicago-based Corus Bank.

A large percentage of the luxury condo owners will be primary residents in the building.

Juhl condominiums for sale in Las Vegas, Nevada real estate is attracting some buyers who had their deposits returned from failed Las Vegas high-rise condos in the valley such as Ivana, Las Ramblas, and Red Rock Residences. The price points of $400 to $500 a square foot for Juhl luxury homes are quite favorable compared with $1,000 a square foot on the Strip.

Martinez-Cuitri is the architect and Turner Construction is the general contractor.

Workers for Juhl condos include about 115 construction workers are on site daily and the number will grow to 200 to 225 during the next 15 months. About 70 percent are concrete workers, 20 percent are rebar workers and the rest are mechanical and electrical trades.

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Juhl Las Vegas condominiums Las Vegas, Nevada real estate are over half sold.