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Mercer Condominiums break ground; opening scheduled for Summer 2008
West Valley News
by: Beth Dickman
Towering luxury condominium complexes and Tuscan-style apartments are continually popping up around the Las Vegas area. A new, $50 million, five-acre condominium complex has broken ground near Tropicana and Grand Canyon that speaks to defy those stereotypes. The Mercer is scheduled to open at the end of summer 2008. The style is modern and sleek and the buildings are no more than four stories tall.
“The building was designed with the neighborhood in mind,” said Nina Rosete, president of JesMag Development and a principle of The Mercer.
“We really got the community involved and wanted them to know that we built this with them in mind.”
The Mercer is composed of multiple buildings organized in a rectangle. In the middle is a courtyard featuring a pool and spa, gym, yoga center and water feature. There are a total of 113 one-bedroom, two-bedroom and three–bedroom units and 12,000 square feet of retail space. Prices range from $229,000 to $750,000.
“I think The Mercer will do very well,” said Kelly Fritz, a real estate agent with www.realestate.com. “They have a prime location, a good price point and what they’re offering is hard to beat.”
Real estate agents, brokers, the media and future residents were invited Sept. 19 to The Mercer sales center down the street from the future location for hors d’oeuvres and drinks catered by Bleu Gourmet. “The goals of this event are to celebrate our ground breaking of The Mercer and to thank everyone who has already purchased a unit,” Rosete said, “It’s also for the brokers.”
The sales center is designed to look like a one-bedroom unit in The Mercer complex. Waitresses and waiters circled the floor through the state-of-the-art kitchen and bedroom.
The units all come standard with granite, large picture windows, walk-in shower and a separate space for an office. More than 50 percent of the units have been sold, Rosete said. The condos are separated into groups of six. Each grouping includes a private elevator that goes from the underground parking garage to the third floor. No one outside of the owners of the six units has access to the elevators.
“It’s a big selling point; how many places around here offer that that kind of convenience?” said Freddie Paloma, principle of Modern Living Holdings, one of two developers involved with The Mercer project. The Las Vegas-based firm joined Chicago company, JDL Development Corp., to work on The Mercer. It is fully funded by First American Bank in Chicago, Paloma said. “The delay in building was not because we were trying to sell condos to pay for the project,” he said. “It’s completely funded, but we had to wait our turn to get permits.”
The one-bedroom units have sold out. There are still two-bedrooms and three-bedroom units available for approximately $425,000 and $750,000, respectively. Bobbie McKoy bought a two-bedroom, two-bathroom unit facing the mountains. “I was looking for a place I could come with my family,” said McKoy, who lives in Los Angeles and will use the condo for vacations. “It was also my son’s idea.”
Anyone interested in The Mercer can visit the sales center on Tropicana Avenue or go to www.themercerlv.com.