Elton John Plans to Invest In Ivana Penthouse

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Elton Johns plans to invest in the 35 million penthouse located on the top floor of Ivana, the developing lip stick case of Las Vegas.Nothing is for sure, but a recent picture of Elton John on the side of an exterior ...

Rumors, rumors, rumors … what’s the biggest one involving high rises today?

Elton Johns plans to invest in the 35 million penthouse located on the top floor of Ivana, the developing lip stick case of Las Vegas. This rumor was first whispered a week or two after the Ivana was announced in early June of this year. Nothing is for sure, but a recent picture of Elton John on the side of an exterior Ivana rendering has most certainly intrigued a lot of people.

The penthouse on the top floor of the Ivana, dubbed the cockpit, will be the highest penthouse this side of the Mississippi. Now obviously this penthouse isn’t for the average Joe, what penthouse is, but it is perfect for any celebrity and is especially geared toward the singing type. A fully equipped recording studio will be built into the penthouse. If you think that’s too much, wrap your head around this: the Ivana penthouse will have NINE bedrooms. Nine rooms, why do you need nine rooms? With approximately 20.000 sq. ft. of space and so many individual rooms it’s a likelihood this luxurious penthouse could turn into a high end Andy Warhol factory filled with the owner’s friends and friends of friends all around the clock.

The overall cost of the building will be about 913 million. Many people are skeptical about how the developers, who brought Ivana on board, Australians Victor Altomare and partner Joseph Di Mauro, will raise the money. Sales of the 945 units, approximately half sold-out, have only accounted for a small percentage of the total cost. Right now they aren’t saying very much concerning financial aid but there is no doubt that with Elton John buying out the penthouse would not only contribute directly to sales but also pull fans of the signer into the project as well.

The Ivana high rise in Las Vegas at 82 stories tall will become a dominant fixture in our mountain crested skyline. It’s scheduled to start construction next summer and finish around December of 2008. Most rooms, not including the penthouse, will range from 500 to 1,900 sq. ft. and be priced around $550,000 for a one bedroom home. Interiors will include marble and stone decorated finishes in the kitchen and bathroom that will melt into the carpet for the main area and bedrooms. Stone counter tops, two coat wall paint finish, light fittings, cook top, and an oven will also be included. For a long list of unit amenities check out the online magazine, Manhattanization.com.

Ivana’s dominant consumers are business executives, entertainers and others who “love Nevada because of its weather.” Reservations opened August 14, 2005 and the sales center is located at the corner of Las Vegas blvd and Sahara Ave, Las Vegas hours are 10 am to 6 pm seven days a week.

Ivana might become the tallest high rise in the West but here in Las Vegas competition will run high. Of course some will be more of a challenge then others like Ivana’s X-husbands International High Rise also named after himself: Trump. Then Palms Place and Panorama and even Icon will all be attracting the same kind of consumer. All the high-rises of Sin City are in a chase to be the best of the best and Las Vegas is the track.

Manhattanization, Inc is the first online magazine geared exclusively towards vertical residential developments happening in the United States. Through connections with developers, REALTORS, brokers, and liaisons, Manhattanization, Inc helps buyers and investors get the information they need to make the right decisions.

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Calais Fossier