Friday, Jan. 7, 2005 | 11:08 a.m.
Another group of developers is betting that downtown Las Vegas is the next place the city's workers and elite will want to live.
Diversified Real Estate Group and the Downtown Redevelopment Group announced plans to build Club Renaissance, a 60-story, 705-foot condominium tower at the southeast corner of Casino Center Boulevard and Bonneville Street.
The companies plan to build 950 condo units that will range in size from 950 square feet to 4,000 square feet, with prices starting at $149,900 to $900,000.
With projects such as the under-construction World Market Center, the completed Las Vegas Premium Outlets and planned developments on the city of Las Vegas' 61 acres, downtown redevelopment is starting to take shape and garner attention, said Jimmy Foster, director of marketing for Diversified Real Estate Group.
"I've lived here for 15 years and I've been waiting for some time for downtown to get some energy behind it," he said.
Club Renaissance will include 20,000 square feet of retail space on the first floor, followed by parking. Plans call for 78,000 square feet of office space on floors 13 and 14. Condos will begin on floor 15.
Plans for the top two floors, 58 and 59, include a fitness center and private club.
Other developers also are looking toward downtown Las Vegas to build high-rise condominium towers.
Among the projects downtown are developer Sam Cherry's SoHo Lofts, at Hoover Avenue and Las Vegas Boulevard. Cherry also is working on a project with Seegmiller Partners LLC on the New Port Lofts at Casino Center Boulevard and Hoover. Another project dubbed Sandhurst Development LLC is being planned for the area of Parkway Center near the Las Vegas Premium Outlets and the under construction World Market Center.
Presale reservations for Club Renaissance are expected to begin in March, Foster said. The group hopes to have city council approval by the end of February.
Diversified Real Estate Group is owned by Philippe Pageau-Goyette. Paguea-Goyette is co-owner and co-developer of Manhattan Condominiums, a mid-rise condominium project under construction on South Las Vegas Boulevard.
The Downtown Development Group is owned by Leonard Messina and Gilles Pageau. That company's past projects include Sierra Business Park and City Center Plaza in North Las Vegas and the Galleria Corporate Center in Henderson.