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Old 09-21-2009, 09:38 AM
 
7 posts, read 23,715 times
Reputation: 19

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Just curious if anyone had any news regarding the Luxe Loft condos in the Flamingo/Durango area? I read a few weeks back that they filed for bankruptcy. I heard originally, they were suppose to complete that project by the end of this summer, but with the current developments, not sure what's going to happen.

Little things that I do know about the project is that they were planning to open a sales office and only sell units AFTER the project completed. It was a theory that they wanted to let interested buyers see a 100% completed project during sales. This may have led to their current situation. Also, units were starting at $400K for a 1 bedroom. Doubt if the project was still alive that it would sell for that price. Anyone knew what the projected HOA was suppose to be? Driving by the project, it looks finished from the outside.

I am more curious than anything regarding this project since I live near that area and drive by it frequently. So any news you can share will be greatly appreciated.

Thanks.
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Old 03-16-2011, 11:45 PM
 
Location: Las Vegas
26 posts, read 59,763 times
Reputation: 14
Drive by this project every single day, live right up the street and just shake my head every time. I remember watching these places being built, they looked like they were going to be some pretty cool places in a really convenient area. Now the building just sits and sits...
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