The End Of Las Ramblas

May 27, 2006 Posted In Condos Update Economic News Las Vegas Info New Construction Real Estate News

The Las Ramblas condo project is dead. Despite the project having $3 billion of backing, top shelf architects, and a huge Hollywood actor in George Clooney, the project could not stay afloat.

According to co-developers Centra Properties, the 25 acres will be sold. When questioned about the details of what killed the project, Centra and Related had no comment.

Analysts say that there is a flooding of Las Vegas condos on the market and that this is the reason that many projects are being put on hold.

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