Las Ramblas Falls, Experts Wonder Why

Everyone in the Las Vegas real estate profession is wondering what happened with a particular condo project: Las Ramblas? The condo project seemed like something out of Hollywood flick, packed with Hollywood heavy weight George Clooney, experienced development teams, a great architectural design, new and sleek interiors.

The Las Ramblas team consisted of Related Group Inc. and Centra. Both are major players in the Las Vegas local arena. If all this isn't enough to make you scratch your head, Rande Gerber was even called in to operate and design a series of amenities within Las Ramblas that included nightclubs, restaurants, and lounges.

According to Las Vegas experts the killer of Las Ramblas was not the scope of the project or the massive amount of money that was needed to complete the project. The killer was that there was too much competition, in too small an areal. Since when did Las Vegas become too small?