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In Business Las Vegas
Item April 25, 2008
Real Estate & Development
JDL Development, developer of The Mercer condominium project south of Summerlin, announced an agreement with Deposit Alternative, a Las Vegas-based firm offering short-and long-term deposit bonds that can substitute for a cash deposit required when purchasing a property. Mercer, which is scheduled to open in the second quarter of 2009, is 50 percent sold. It has 113 units and those available sell from $315,000 to $790,000.