Allure Las Vegas Nears Completion, Closings Begin on Residential Luxury High-Rise Condominium

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Located at the north end of the famous Las Vegas Strip, Allure Las Vegas, a 41-story luxury high-rise nears completion. First residents are expected to begin moving in to this residential condominium next month.

Strategically located on the north end of the legendary Strip in the heart of billions of dollars in proposed development activity, Allure Las Vegas, a 41-story residential high-rise nears completion. Final preparation for closings is now underway at Allure with the first residents expected to move into this luxury condominium beginning next month.

"Allure residents will be the first to benefit from the flurry of redevelopment activity and property acquisitions in the area," said Alan Schachtman, Senior VP with developer Fifield Realty and Principal in charge of the project. "Allure's north Strip location is in the center of some of the largest projects in the city. The recent and ongoing real estate activity in the area really confirms that Allure is a tremendous long-term purchase."

According to a number of recent media accounts, Allure's location will soon be surrounded by some of the biggest projects in Las Vegas. The Sahara Hotel and Casino was purchased by SBE in March. Just weeks later, an Australian gaming company put up a 20% cash investment into the Fontainebleau, a $3 billion development planned just south of the Sahara Hotel that is now under construction. More recently, MGM Mirage announced that they had purchased 34 acres of vacant land just south of Allure for $535 million, with plans to do a City Center-type project on 40 acres in partnership with Kerzner International. And finally, the Stratosphere Hotel & Casino along with 17 acres on the North Strip was purchased by Goldman Sachs Group Inc.'s real estate funds, with plans to redevelop the property into a resort-casino with a convention center.

Allure Las Vegas features 428 units and 15 distinct open floor plans with studio, one, two and three bedroom residences which range in size from 671 to 4,400 square feet, in addition to tower suites and extraordinary two-story penthouses. Allure's remaining residences are remarkably priced from the mid-$500,000s. Each of the luxury units offers premium views of Las Vegas and the surrounding mountains, superb amenities and exceptional finishes.

Allure's large outdoor pool deck with private, exclusive cabanas is overlooked by a well-appointed fitness center with locker rooms and a media center, conference room, catering kitchen and business center equipped with high speed internet computers, wi-fi in all of the public spaces, resident storage, 24-hour security and valet parking. In addition, Allure will have a fiber backbone so all units will have a large bandwith connection available for video and data. Additionally, a private wine cellar will offer climate controlled storage for residents. Allure Las Vegas is also the only high-rise residential development in Las Vegas offering feng shui design.

In addition to its proximity to the greatest dining, shopping, restaurants and nightlife on the Strip, Allure provides easy access to downtown, I-15 or Sahara for ease of travel to or from anywhere in the Vegas vicinity.

Allure also offers something unique to this community; Allure Now™ is Allure's new and very exciting concierge service. Like having your own personal assistant and lifestyle management expert, Allure Now™ allows Allure purchasers to enjoy the Las Vegas lifestyle while their residence is still being built.

Allure Las Vegas is a project of The Fifield Companies, in a joint venture with CB Richard Ellis-Strategic Partners and ABF, Inc. - an Andrew Fonfa investment company.

One of the nation's premier developers of luxury high-rise condominiums, rental apartments and urban office towers, The Fifield Companies has earned a reputation for creating superb living and office environments in some of the country's most renowned locations, including Chicago, Ft. Lauderdale, Los Angeles, San Francisco, Las Vegas and Honolulu. Fifield has developed and built more than 50 projects in the United States worth more than $4 billion. The company also has 13 additional projects under development worth an estimated $2 billion.

For information on Allure Las Vegas, visit the website at http://www.AllureLasVegas.com or the Las Vegas Sales Center at the Fashion Show Mall, directly across from Wynn. The Sales Center is open Monday through Saturday from 10 a.m. to 6 p.m., and Sunday from noon to 5 p.m. Or, call 702.699.8998.

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Allen Lester
L/L PR
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