Las Vegas Commercial Real Estate

MGM Mirage has formed a residential real estate sales arm called CityCenter Realty Corp. which will focus on the sale of the approximate 2,800 luxury residences being deveopled as part of Project CityCenter. CityCenter Realty Corp. will allow buyers to purchase direct from the developer. Bob Hamrick, heretofore the broker-owner of Las Vegas’ Coldwell Banker Premier Realty will head the division.

Scheduled to open in 2009, Project CityCenter includes a 60-story, 4,000-room hotel-casino; two 400-room, non-gaming hotels; 500,000 sf of retail shops, dining and entertainment venues; and the aforementioned luxury residential units. Foundation work for the 66-acre development began in June. The residential presentation center is slated to open in January 2007.

This entry was posted on Friday, August 11th, 2006 at 1:40 am and is filed under Commercial Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.