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Las Vegas Review Journal
Item April 21, 2008
Business in the Workplace
MERCER PROGRESS: Like almost every condominium project in Las Vegas, scheduled completion of The Mercer at Tropicana Avenue and Grand Canyon Parkway in summer 2008 was overly ambitious.
After weeks of permitting, the project is ready to start vertical construction, said Jim Letchinger, president of Chicago-based JDL Development. It’s now set to open in second quarter of 2009.
Over the next few weeks, general contractor Vanguard Construction will pour the footings for steel columns to support the 113-unit mid-rise structure. After the columns are in place, concrete will be poured for the underground parking garage. Within a month, the ground-level floor will be framed.
First American Bank of Chicago is financing the $50 million project. Units are priced from $315,000 to $790,000.