With even extremely high profile projects like Ivana in question, which developments CAN prospective buyers have confidence in?
Despite substantial sales hype over the past year and several lavish promotional events, Australian developer Victor Altomare announced that he has closed down operations on his Las Vegas high rise condo project, Liberty Towers. Even though it was over 85% sold out, the Liberty Towers site has already been purchased. Unlucky buyers in Liberty Towers believed they had firm contracts on their units, but the developer has definitely confirmed that this project is not going forward. And the highly touted Ivana site is now for sale at $49 million with presale contracts. Earlier this year several other high profile projects also tanked, including Krystal Sands, Michael Jordan s Aqua Blue, and the Conrad Majestic. Vegas Grand re-priced their units up more than $100,000 above original reservation estimates, shocking buyers who had waited over a year to go to contract. With so many excellent projects to choose from, these buyers are angry that they have lost huge potential profits waiting on pr
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