![]() The hotel will be built as part of one of the condo towers. The announcement of the Las Ramblas project, which will include the hotel, 1,326 condo-hotel units and 2,764 residential condos when it is built out, comes amid a boom in high-rise condominium construction in Las Vegas. Edge Resorts assembled the Starwood development parcel from December to March, paying $108.2 million, or about $5.1 million an acre, for the real estate. His group, for example, paid $83.7 million - or $3.3 million an acre - to assemble the Las Ramblas parcel in March. ![]() That has sent property values along the side streets close to the Strip soaring to levels seen for prime Las Vegas Boulevard real estate as recently as two years ago, said James Stuart, co-founder of Centra. “Everything in this area is going to turn over for development,” said Molasky, who is completing plans to build a hotelcasino resort on Flamingo Road that will back up to several of the Harmon Avenue projects. But what is clear, said veteran developer Steve Molasky, is that the traditional Strip is bulging east and west. Whether the so-called Harmon Avenue Corridor east of Interstate 15 develops into a full-fledged “Striplet” is a matter of debate among Vegas cognoscenti.
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