If you having been reading this blog, I’ve been following the Manhattan West development pretty closely since the beginning of the year. I first reported that Manhattan West was in trouble back in January. At that time, the developer Gemstone was actively seeking financing to complete the project, some $350 million dollars.
Earlier this month, the Las Vegas Review Journal reported that Manhattan West developer was not meeting with investors. CEO Alex Edelstein responded to the allegations stating that he would be happy to meet with any legitimate investors about the project. The whole was a he said, she said affair with the upshot being that they still did not have funding.
Several readers have written in, asking how they could get their deposits back. Regarding that there is some good news. You can contact the title company, Title One, at (702) 853-5850 to request the return of your deposit. It’s my understanding that they have sent out letters and some individuals have already received their deposits back.
If you are still interested in Manhattan West, check out their first project Manhattan. It is located on south Las Vegas boulevard and there is some resale activity. Call me at 702-493-8033 or send me an email if you would like to see what is available.
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