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341-Unit CBD Project Moves Forward

LAS VEGAS-While multiple condo projects in the area have fallen through or been put on hold, juhl, a mixed-use project in the Downtown redevelopment district is more than 65% pre-sold.

By Daniel D. Williams | Updated on September 28, 2006

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LAS VEGAS-The condo market is sluggish and slowing throughout the US and local projects have not been immune to the downward trend with multiple developments having fallen through or been put on hold. One project moving forward is juhl, a $167-million, 341-unit mixed-unit development going up in the Downtown redevelopment district.

Located at the southeast corner of Bonneville Avenue and Third Street, juhl is already more than 65% pre-sold. The site broke ground in late June in an event ballyhooed by Las Vegas Mayor Oscar B. Goodman and members of the city council including Councilwoman Lois Tarkanian. Many of the investors, according to Goodman, have come from speculators, from as far away as New York and Los Angeles.

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