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Ivana Las Vegas Condo Tower In Jeopardy

By Chuckmonster on Friday, 16th December 2005 10:01am
  » filed under Las Vegas  comments: 0

   

Six months before ground was scheduled to be broken, Ivana Trump's planned luxury condominium is for sale on a real estate Web site.

Developers are asking $49 million for the proposed high-rise project, which was expected to cost $700 million and was slated for completion in December 2008. The price tag includes about 2 acres on the northern edge of the Las Vegas Strip, which is approved for a 900-foot tower and an unlimited gambling license.

"We got 28 hits in the first minute," said Las Vegas real estate attorney and broker Chris Sullivan, who represents Sahara Condominiums LLC, whose officers include the property's owner, San Francisco-based Rinkai America Inc., and Australian developer Victor Altomare.



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