CityCenter developers are announcing a renewed effort to sell high-rise condominiums at the Strip development, discounting prices by about 25 percent in hopes of jump-starting an otherwise stagnant market.
The remaining 602 condominiums in two CityCenter projects -- 441 units in Veer Towers and 161 units in Mandarin Oriental -- will have their initial face price marked down by 10 percent. CityCenter is also offering prospective buyers another 15 percent in incentives, such as reductions in condo association fees, over a three-to-four-year period.
The desire, said CityCenter Executive Vice President Tony Dennis, is to spur interest in a luxury high-rise residential market that may have hit bottom.
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