VEGAS INC Magazine - Latest Las Vegas business news, features and commentaries about gaming, tourism, real estate and more
Issue link: https://www.ifoldsflip.com/i/41290
IN BUSINESS REAL ESTATE FACE-LIFT EXPECTED TO MAKE TOWER MORE ATTRACTIVE TO BUYERS By Buck Wargo staff writer A Las Vegas condo tower completed in 2008 is getting a $3 million makeover to give it the feel of a hotel and boost sales. The owner of The Martin, formerly known as Panorama Tower North on the west side of I-15 across from CityCenter, will undergo a remodel starting in mid- September. The work is expected to be completed by the end of the year. The Kor Group, the Los Angeles developer and design team behind the Viceroy Santa Monica and Viceroy Anguilla hotels, has been hired to lead the sales and marketing, interior design and ownership program that will offer five-star services to residents. Condominium investment group iStar Financial acquired the 45-story high rise in 2009 out of foreclosure and rebranded it The Martin in January. So far, the company says 103 of the 372 residences have been sold. The improvements are intended to help the high rise stand out from the competition at a time when sales of new units are sluggish in a slow economy and financing is difficult for high rise units. Unit sizes range from 1,035 square feet to 1,962 square feet. Prices per unit range from the mid $200,000 to more than $1.5 million. ENTERTAINMENT " A City National SBA loan helped my business grow." When we needed to expand our business, City National presented a loan package that completely met our needs. Now we have more space to conduct business and keep growing. Our new warehouse is a stone's throw from Sycamore Canyon, where we test ride our products. City National is Th e way up® for my business. Michael Cachat President & CEO, JensonUSA Hear Michael's complete story at cnb.com/thewayup. CARTOONS COMING TO CIRCUS CIRCUS By Steve Green senior staff writer The family-friendly Circus Circus will soon offer another attraction for kids: An interactive exhibit themed after the animator who created the Road Runner and Wile E. Coyote cartoon characters. The Chuck Jones Experience opens in October in the 3,770-room resort's Skyrise Tower near its Adventuredome. It's an offshoot of the Chuck Jones Center for Creativity in Orange County, CA, which will remain open. The Chuck Jones venues honor the vision of Jones, who died in 2002. During what is remembered as the Golden Age of animation, he helped bring to life legendary Warner Bros. characters such as Bugs Bunny, Daffy Duck, Elmer Fudd and Porky Pig. This is the first Chuck Jones Experience and the organizers hope to someday open more. The Las Vegas attraction, which Experience the Diff erence. Call (702) 425-6559 or visit cnb.com, to fi nd a business banker near you. opens in October, is being developed by Jones' grandson Craig Kausen, Jones' daughter Linda Jones Clough and some Chuck Jones fans. The Experience will include a classroom where creative art projects will be guided by animation and arts teachers; the Chuck Jones Theatre, designed to simulate a 1930s-style movie theater; a re-creation of Jones' studio; a room with 3-D characters and information on how characters are developed; and displays of Jones' fine art work and animation pieces. There's also an "Acme Workshop" where visitors can create sound effects and voice-overs for a Chuck Jones cartoon; as well as a gift shop. The nearly 10,000-square-foot City National Business Banking 12 CNB.64NV Jenson USA_SBA_VGSInc_Ad PROJECT MANAGER: BURCHMAN, S. ID#: 2926.02 DATE: AUGUST 11, 2011 12:31 PM Member FDIC permanent destination didn't displace anything as it's located in what had been unused back-of-the-house space. Admission is expected to be about $15 to $20, a spokeswoman said. | 5 SEPTEMBER 2011 | ©2011 City National Bank