Las Vegas’s City Center Makes a Comeback

Las Vegas Home Prices Up Again in NovemberCheck into the Mandarin Oriental on the middle of the Las Vegas Strip, look out the window of your room and you might see something you didn’t quite expect. Yes, there are people living in the building across from you. The lights and TVs and stoves are on at the Veer Towers, where condos have been unloaded briskly after Pordes Residential Sales & Marketing, a Miami-based firm known for rescuing troubled projects, relaunched sales this year.

Both the Mandarin Oriental and Veer Towers are, of course, part of the $9.2 billion CityCenter colossus that opened in December 2009. The economic downturn had not been kind to Vegas during CityCenter’s creation. And the mega-complex has struggled mightily with everything from debt to the structural flaws in the Harmon Hotel, which has never been used and which owner MGM Resorts International wants torn down.

But CityCenter, with all its starchitecture and eco-friendly flourishes, is showing the signs of a survivor. A survivor that’s evolving and working feverishly to attract new business. CityCenter is full of surprises these days, including a slew of new high-end stores at the Daniel Libeskind-designed Shops at Crystals. CityCenter’s Aria resort has a new Shawn McClain restaurant and one of the busiest poker rooms in Vegas. And, oh, that pool deck at the Mandarin.

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Authored By Andy Wong – See the Full Story at the New York Post

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