Las Vegas High Rise Still the Place to Invest long-term

A lot has been said lately about housing, especially from the horror-story loving media. People love a tragedy, makes 'em feel better about themselves. Others just want the facts. Those who bought a home to live in it will be okay, and the surplus will be absorbed by 2009 to bring us back to "normal" levels.

As Sales Director for a high-rise in downtown Las Vegas (Streamline Tower) those investing or purchasing are doing so with a 5-7 year minimum mindset due to the long-term growth expected. Sure, sales have slowed, but we do not have the inventory glut the single-family residential market has - we're more luxury which has been less affected.

In fact, with the city's proposed $20 Billion + in improvements, the Strip with currently about $50 Billion in projects creating jobs, and another $13 Billion plus in the Union Plaza growth, real investors are still buying! Too bad all the wanna bees with no real assets used stated income/ no down loans to drive up the vanilla box (residential housing) market - But IT WILL LEVEL OFF. Did you know we are actually closing the amount of units we were in 1999-2000? That was normal - We're just about there.

______________________________________________________________________________________________________________________________

Distinctive Real Estate & Investments is showcasing Streamline Tower for their strategic role in creating a new downtown skyline in Las Vegas. We believe whole-heartedly in the future of downtown Las Vegas and recognize the positive impact the nearly $20 Billion in plans the city proposes for the regentrification of the area. Sales are continuing at a steady clip, and their most recent incentive allows for only a 5% deposit.

Located at 150 N. Las Vegas Boulevard, Streamline Tower is scheduled for completion this winter. The massive concrete and steel structure rises nearly 300 feet above the world-famous Fremont Street Experience and features endless views on all 4 sides, including the sparkling Las Vegas Strip. This luxury-appointed behemoth includes security, concierge, a complete workout facility, and a rooftop pool and outdoor veranda overlooking the entire city.

More importantly, Streamline Tower screams affordability, priced significantly below those found along the Strip. We believe those getting in on this ground floor opportunity will be rewarded as the downtown area continues to grow. As an added convenience to savvy homeowners, Streamline Tower offers a flexible on-site executive leasing program to maximize potential. Private parking spaces, valet and nearly 13,000 square feet of retail space on the street level are all part of the conveniences.

Luxuriously appointed, all residences offer the opportunity to own a piece of the downtown experience. Surrounded by world-famous casinos, numerous great restaurants, multiple local bars, nightclubs and plenty of shopping, residents truly are in the activity epicenter.

Downtown Las Vegas improvements include the grand opening of Fremont East, with pedestrian-friendly streets, lush landscaping, lighted gateways and 40-foot-tall, retro-looking neon signs. Through this streetscaping effort, the city is capitalizing on popular nostalgia by reviving the old glamour of vintage Las Vegas.