The Stratorise Project Las Vegas Luxury Condos On Hold
The Stratorise project, Las Vegas luxury high rise, proposal for a 45-story high-rise along Las Vegas Boulevard won’t be heard until Nov. 1, with Stratorise South LLC, Las Vegas real estate developer, asking to delay a hearing on the issue.
Victor Altomare Australian developer sold 0.68 acre parcel of his planned 21 story, 236 unit Liberty Tower Las Vegas condo project in early January 2006 to Statorise South LLC for $5.5 million. The Las Vegas real estate sold for 600 percent more than its original $900,000 price in 2004.
The Stratorise Las Vegas condos, at 1431 Las Vegas Boulevard South, across the street from the Stratosphere Las Vegas, had a scheduled hearing by the Las Vegas City Council today.
It is the first Las Vegas high-rise condominiums that the City Council would have to vote on that is along a controversial stretch of Las Vegas Boulevard since a proposed height restriction for new Las Vegas real estate was defeated.Â
That proposal, which would have limited buildings along the east side of Las Vegas Boulevard between Oakey and Charleston boulevards to five stories, was withdrawn after meeting resistance from the Las Vegas commercial real estate development community.
Staff recommended the current 517-foot proposal of the Stratorise project, Las Vegas real estate in Nevada for approval; the planning commission recommended denial.
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The Stratorise Project Las Vegas condos for sale are placed on hold.