Is Las Ramblas In DOA?

Rumors are flying around the Web about Las Ramblas, George Clooney and Partners stake in Las Vegas High Rise Condo Hotel property slated for the Harmon Corridor.

In the New York Post it reads:

December 21, 2005 -- IT doesn't look like George Clooney is going to make that big financial score in Las Vegas as he did in "Ocean's Eleven." Sources tell The Post's Braden Keil that his much-ballyhooed, $3 billion Las Ramblas condominium and entertainment project on 25 acres in Sin City is in trouble and may be scrapped. Clooney and partners, who include Rande Gerber and Miami builder Jorge Perez, made big news last summer when the plan was announced, with the Hollywood heartthrob saying he'd donate his share of profits to charity. But the Vegas housing market is already experiencing a condo construction glut. Calls to the Related Cos., developer of the complex, were not returned.
Page Six, Richard Johnson with Paula Froelich and Chris Wilson

Ivana Las Vegas luxury condo tower listed for sale

The Ivana Las Vegas Tower, originally called The Summit, is listed for sale on a real estate Web site for $49 million and has reportedly stopped selling units.

This project seemed doomed from the start locking on to Ivana Trump apparently due to her name. Ivana's ad campaign was "Size Matters" taking shots at the Ivana Tower was slightly taller than her ex-husband Billionare Donald Trump.

Trump Towers has broken ground due to its strong brand name "Trump" and is moving forward quickly.

Ivana marks another downed project slated for the famous Las Vegas Strip. The projects that are going to get built are the ones with strong brand names as well as experienced developers.

If you have any questions about Las Vegas High Rise projects call me at 702.372.2671

Olivia