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	<title>Las Vegas Condos - Las Vegas Condominiums &#187; loft news</title>
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		<title>Vantage Lofts Up for Sale</title>
		<link>http://www.previewvegascondos.com/loft-news/vantage-lofts-up-for-sale</link>
		<comments>http://www.previewvegascondos.com/loft-news/vantage-lofts-up-for-sale#comments</comments>
		<pubDate>Tue, 14 Apr 2009 20:29:44 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[loft news]]></category>
		<category><![CDATA[vantage lofts]]></category>

		<guid isPermaLink="false">http://www.previewvegascondos.com/?p=167</guid>
		<description><![CDATA[The bankrupt luxury loft project Vantage Lofts by Slade Development is now for sale. The $37.5 million of outstanding principal on the loan held by investment bank George Smith Partners, is in an advanced stage of default. The bankruptcy court has now approved the sale of the partial complete property. The lender is selling the [...]<p>Post from: <a href="http://www.previewvegascondos.com">Las Vegas Condos - Las Vegas Condominiums</a></p>
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			<content:encoded><![CDATA[<p style="text-align: justify;">The bankrupt luxury loft project <a title="vantage lofts" href="http://www.lvrealty.net/henderson/lofts/vantage-lofts">Vantage Lofts</a> by Slade Development is now for sale. The $37.5 million of outstanding principal on the loan held by investment bank George Smith Partners, is in an advanced stage of default. The bankruptcy court has now approved the sale of the partial complete property. The lender is selling the note rather than foreclosing.</p>
<p style="text-align: justify;">At the time construction had halted, three buildings were under construction. The first two buildings were 90% completed, housing 80 lofts. All that needed to be done  were the finishes and some landscaping. The third building is roughly 50% complete. The sale has split the project into two parcels. The southern parcel contains the partially completed buildings.</p>
<p style="text-align: justify;">Vantage Lofts is located in the upper valley of Henderson<span id="more-167"></span> on Gibson, just minutes from the I215 beltway. The area is primarily single family homes. The District and McDonald Highlands golf course community are located nearby as well.</p>
<p style="text-align: justify;">I would be surprised given the location and the work already done if the project was not eventually completed&#8230;at least the first phase of 110 lofts. Roughly 60 of the 110 were sold prior to the project running out of steam.</p>
<p>Post from: <a href="http://www.previewvegascondos.com">Las Vegas Condos - Las Vegas Condominiums</a></p>
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		<title>Luxe Lofts Construction Nearing Completion</title>
		<link>http://www.previewvegascondos.com/loft-news/luxe-lofts-construction-nearing-completion</link>
		<comments>http://www.previewvegascondos.com/loft-news/luxe-lofts-construction-nearing-completion#comments</comments>
		<pubDate>Thu, 12 Feb 2009 04:52:22 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[loft news]]></category>
		<category><![CDATA[lofts]]></category>

		<guid isPermaLink="false">http://www.previewvegascondos.com/?p=113</guid>
		<description><![CDATA[Luxe Lofts, a boutique loft community of just 83 luxury lofts in southwest Las Vegas is nearing completion. At time when many construction projects are stalled for lack of financing (see Manhattan West), Luxe Lofts is nearly finished. Another unique characteristic of Luxe, they are not pre-selling any units until the project is finished. 
I [...]<p>Post from: <a href="http://www.previewvegascondos.com">Las Vegas Condos - Las Vegas Condominiums</a></p>
]]></description>
			<content:encoded><![CDATA[<p align="justify"><a href="http://www.lvrealty.net/las-vegas/lofts/luxe">Luxe Lofts</a>, a boutique loft community of just 83 luxury lofts in southwest Las Vegas is nearing completion. At time when many construction projects are stalled for lack of financing (see Manhattan West), Luxe Lofts is nearly finished. Another unique characteristic of Luxe, they are not pre-selling any units until the project is finished. </p>
<p align="justify">I asked the sales broker about the lack of pre-construction sales and she stated that the developer wanted people to be able to see what they were purchasing. Definitely an interesting marketing tactic, although other developers have done it. <a href="http://www.lvrealty.net/las-vegas/lofts/avenue">The Avenue</a>, another boutique upscale <span id="more-113"></span>loft project also did not have any pre-construction sales. </p>
<p align="justify">For those of you interested in the project, the wait will soon be over. The outside of the buildings have been completed since last year and the construction crews should be completed within the next 30 to 60 days according to the sales broker. If you would like to be notified that the lofts are available, simply send me an email using the form below.</p>

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