Investing in housing and real estate is making loads of profits for the people in Las Vegas so they don’t mind standing in line to buy houses once a project hits ground.

Flipping of property has also grown in the recent times. Extremely cheap mortgage rate has been a factor for increase in home sales. The investment in homes has bought great fortunes to many U.S citizens with 10% increase every year.

To meet the demand many new projects are announced each year. The upcoming Juhl project will transform the entire look of the downtown Las Vegas. The Bonneville Avenue, Graces Avenue, Third Street and the Fourth Street bound this 2.4-acre land. The development will have six towers of concrete, glass and chrome. The project will have 9000 square feet of retail space and 341 residential lofts.

The construction is expected to begin in 2006 and the first phase 220 units will be completed in 2008. Each unit will range from 600 to 2,200 square feet and the prices will be in the range of $200,000 to $500,000.

This entry was posted on Saturday, October 22nd, 2005 at 3:31 am and is filed under News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.