Ever since things went dead during the recession, developments are starting to return in Las Vegas, reports Jamie Munks of the Las Vegas Review-Journal:
While the recession ravaged the Las Vegas housing market, development efforts in recent years are pushing the city’s core into revival mode.
“To have a thriving downtown, we need to have people living downtown,” Economic Development Director Bill Arent said.
Condos are also returning to Sin City:
The downtown vacancy rate is hovering at about 5 percent, and some of the rental apartments … downtown are converting to for-sale units, subtracting from the existing number of rentals.