Panorama Towers

The first of two luxury high-rise condos is now coming on line at Panorama Towers, Initially, these units were not thought to be in a great location across I-15 from the Strip. Now that the $7 billion MGM/Mirage’s Project CityCenter and the $2+ Billion Cosmopolitan are under construction the location is now in pole position for the Strip view.

From a Buyer’s perspective, the Panorama Tower units now becoming available through resale offer a great opportunity. Many of these units were purchased by investors/speculators that had no intentions to hold the property long term and are anxious to liquidate. In these cases it is likely that there will be opportunities to purchase units just over $500/sq. ft. and possibly less. Once CityCenter and Cosmopolitan are completed in 2009 the value of the view will definitely go up in value.