Formerly Streamline Tower Condos Las Vegas
Streamline Tower – The Ogden – Condominiums for Sale
Focused search reflecting only those homes currently listed for sale in this community.
KRE group purchased this development in December 2013. They are now marketing this complex again a condominiums. This is a work in progress. Approximately 10% of the units were individually owned at the time of their purchase. As leases expire on the existing rentals they are not being renewed. The current units listed on the MLS as of January 13, 2019 range in price from $289,000 to $745,000 with a average price of $465,000. Sizes of these units range from 817 to 2,044 sq. ft. Sales over the last 6 month reflect 22 properties sold at prices ranging from $250,000 to $750,000 for units ranging in size from 859 to 2,044 sq. ft.
There thinking is this. To build a high-rise from dirt at this time involves costs of around $400 a square foot. That would probably result in selling prices of over $600 a sq. ft. These units are currently being marketed mostly in the $300 per sq. ft. range.
I have always liked the location of this new development. It is just one block north of the Fremont Street Experience on Las Vegas Blvd. North. This places the entrance really less than a block from all the activities related to the downtown/Fremont St. area. The first residents have closed escrow here. It is a 21 story building with secure parking on floors 2 through 6. Home sizes range from 815 to 2,044 sq. ft. There are 17 floor plan variations and 277 units in all.
Development amenities include, rooftop pool & spa, roof sun terrace, 15th floor fitness center, 16th floor clubhouse & conference room, 24 hr security, 24 hr valet parking and concierge.
This older central area is home to the Arts District and has been undergoing a re-vitalization over the last few years. Union Park, a 61 acre development just west of Fremont, is becoming a reality. The Lou Ruvo Brain Institute has broken ground and the Smith Center for the Performing Arts scheduled to break ground in 2008. The World Jewelry Center with 1 million sq. ft. is in the planning stages. The World Market Center, just to the west of this is partly finished and in operation. The World Market center will have over 12 million sq. when completed.
All this development is in the general area of Streamline Tower/The Ogden.
This is a caveat I would apply to all those local high-rise communities still selling new. There may be some jeopardy. See my concerns on my high-rise directory page