Saturday, June 09, 2007

USA. Verge Living Corporation makes Las Vegas real estate history

Friday, 08 June 2007

Verge, a $135 million mixed-use, mid-rise condominium project planned for downtown Las Vegas and developed by Verge Living Corporation, made real estate history in Las Vegas Saturday selling 229 units or 74.1% of the project in a single day. This event marks not only a record for most total units for any individual project downtown but also the most unit sales downtown in a single day.

Verge Living Corporation President Darren Dunckel also announced to his new residents that Verge would be home to three new restaurants/bars, fulfilling his promise to make Verge a major player in the downtown revitalization. Downtown favorite Tinoco’s brings continental cuisine highly regarded by critics in Las Vegas while Bonjour Bistro, a French concept awarded a Review Journal ‘Best of’ Award in 2007, serves up its Southern French cuisine from the rooftop of Verge. Classic Vines will give residents a place to socialize, offering wine tasting and purchase all under one roof. The retail component will include more than 30,000 square feet of commercial retail space. Other ideal tenants will include a gourmet grocery store, coffee house and a healthy fast food establishment.

“This was not only a very big day for Verge but a huge day for our collective effort to revitalize downtown,” commented Dunckel. “What we are most proud of is the percentage of our buyers who will consider Verge HOME, rather than an investment. This was an important goal for us.”

Located in downtown Las Vegas on the northeast corner of Main and Bonanza roads, VERGE is scheduled to break ground this summer with completion in fall 2008. The downtown urban-style community will consist of 296 residences beginning at $149,900 with more than 300,000 square feet of residential living. The creative open space design of Architect Dennis Rusk provides studios, one-, two-, and three-bedroom condos and lofts with 23-foot ceilings featuring breathtaking views of downtown Las Vegas and the surrounding mountains and valley. Balconies and private terraces add outdoor living spaces to many homes.

Upscale amenities are endless at VERGE, such as a 10,000+ square-foot fitness center that includes indoor racquetball ball courts, men’s and women’s locker rooms and multi-station workout equipment. A rooftop pool, spa and deck on 4th floor and a lap pool and pet park on the 9th floor roof are just some of the features residents will enjoy.

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