Panorama Towers

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Panorama Towers
The is a shot of the front of Panorama Towers, an award-winning luxury high-rise condominium complex located in Las Vegas, Nevada, just one block from the Las Vegas Strip.
General information
Type Luxury High-Rise Condominium Complex
Address 4525 Dean Martin Drive
Las Vegas, Nevada
Owner Panorama Towers HOA
Management RMI Management, LLC
Height 420 ft (130 m)
Design and construction
Architect Klai Juba Architects
Structural engineer Lochsa Engineering
Main contractor M.J. Dean Construction, Inc

Panorama Towers is a high-rise residential condominium complex located in Paradise, Nevada.[1][2][3] Developed by Laurence Hallier and Andrew Sasson, the $600 million aqua-blue glass 635-unit complex sits on 8.5 acres[4] on Dean Martin Drive and is centrally located across from the Las Vegas Strip 1/4 mile from CityCenter.[5][6]

With the opening of the Tower I in 2006, the 420 ft structure was the 16th tallest in Las Vegas Valley at the time of construction and is currently ranked 35th along with the Marriott's Grand Chateau.

History[edit]

Early Model Design of Panorama Towers
Lobby of Panorama Towers

The concept for Panorama Towers was conceived by Laurence Hailler, president of Hallier Properties and Andrew Sasson, founder of the Light Group after not finding suitable luxury housing upon touring the recently built Park Towers and Turnberry Place.[7] As opposed to the large suites that made up the bulk of these complexes, both men wanted a small beautiful modern space in a style similar to what could be easily found in New York and Los Angeles. This led to a joint effort to make their vision of luxury living a reality.

In a September 2003 announcement, the original project consisted of four residential skyscrapers (two 33-story towers and two 44-story towers) on a 10.5-acre site on Harmon Blvd and Industrial Road (now Dean Martin Drive), with condos ranging from 1,000 to 4,000 square feet.[8][9][10]

Sassoon described the target clientele to the Las Vegas Sun as local residents who enjoy high-end design and the ideal central location of being only a block from the heart of the strip, which he labeled as Las Vegas’ beachfront.[11][12]

The name ‘Panorama Towers’ was chosen due to the sights from every unit of the complex. On one side is the Las Vegas skyline. The other offers views of Red Rock Canyon and the Spring Mountains.

Panorama Towers hired renowned Vegas-based architecture firm Klai Juba whose previous work on Mandalay Bay, MGM Grand and Hard Rock Casino transformed the city’s landscape.[13] Their iconic aqua-blue glass towers has been nominated and won numerous awards from the design, construction and excellence service of the complex. Among the many honors was “The Best of Las Vegas’ architecture award by the editors of the Las Vegas Review Journal, and ‘High-Rise of the Year’ by the Community Associations Institute.

Fueled by a large demand, Tower I sold out in 12 weeks and Tower II, which opened in 2007, sold 98% of the units within 6 months.[14]

An additional 44 floor tower named 'Panorama Towers North' was built in 2009 and later was spun off as a separate property renamed The Martin.[15]

Amenities[edit]

Fitness Center at Panorama Towers

Among the amenities at Panorama Towers are:[16]

  • Heated Pool and Jacuzzi with Lounge Areas
  • 5,000 square foot Fitness Center
  • 24-hour Guard Gated Security
  • Concierge Service
  • Valet Parking
  • Spa Facilities
  • Yoga and Pilates Studio
  • Theater and Entertainment Room
  • Indoor Racquetball Court
  • Conference Room
  • Free Limo Service

Value[edit]

Initial condominium prices ranged from $ 270,000 to $1,000,000 during the pre-construction phase. Even after facing the worst real estate market in the city's history, Panorama Towers has rebounded with one of highest appreciation rates in the region. The units have regained a significant amount of their value with prices nearly doubled over the final six months of 2011.[17][18] Additionally, with the opening of the Harmon Overpass, it allows residents access to the heart of the Strip in 5 minutes.[19]

Events[edit]

Numerous events for residents have been hosted by Panorama Towers such as monthly mixers on the Las Vegas Strip and the Panorama Towers Annual Art Show that highlights the work of local artists.[20] [21]

Gallery[edit]

Panorama Property awards[edit]

Panorama Towers have been awarded:

The Best of Las Vegas Best Non-Hotel Architecture Award (2010) Las Vegas Review Journal's (Editor's Pick)

Hi-Rise Association of the Year Award (2008) Awarded by the Community Associations Institute (CAI)[22]

AIA Merit Award (2005) American Institute of Architects, Nevada Design Awards

Best of Nevada - Concrete Project (2006) Awarded by Southwest Contractor [23]

See also[edit]

References[edit]

  1. ^ Panorama Towers Twitter Page
  2. ^ Panorama Towers Yahoo Local Page
  3. ^ Panorama Towers Google+ Page
  4. ^ "A Room With A View". Nevada Contractor Magazine. February 2005. 
  5. ^ "Boardwalk Closing to Clear Way for CityCenter". Casino City Times. September 16, 2005. 
  6. ^ "Panorama Towers Building Statistics". Goldstein Properties. 
  7. ^ "Living The Highlife". Luxury Las Vegas Magazine. July 2004. 
  8. ^ "Condominium Project Planned". Las Vegas Sun. September 8, 2003. 
  9. ^ "Las Vegas Strip Projects Unveiled". Casino City Times. September 2, 2004. 
  10. ^ "Panorama Towers News". Vegas Today and Tomorrow. February 3, 2005. 
  11. ^ "VegasBeat". Las Vegas Sun. September 12, 2003. 
  12. ^ "New Las Vegas Game: 2 BR's, Strip Vu". New York Times. December 14, 2004. 
  13. ^ "As City Grows, Developers Build Upward". Las Vegas Review-Journal. October 6, 2003. 
  14. ^ "Project on Strip Suffers Setback". Casino City Times. January 17, 2008. 
  15. ^ "Panorama Tower North Becomes The Martin". Vegasnews.com. January 21, 2011. 
  16. ^ "Las Vegas High Rise Condos-Panorama Towers". Panorama Towers. 
  17. ^ "Panorama Towers Las Vegas High Rise Condos Outperform". Yahoo News. November 1, 2011. 
  18. ^ "Luxury Real Estate Partners Named Exclusive Broker for a Luxury Penthouse at Panorama Towers Las Vegas". Digital Journal. January 8, 2012. 
  19. ^ "Panorama Towers Realty: Anthony Wilson Adds Value and Vision". News Blaze. October 30, 2008. 
  20. ^ "Panorama Towers 2011 Summer Art Show". Panorama Towers Facebook Page. July 6, 2011. 
  21. ^ "Event Listing - Panorama Towers 2011 Summer Art Show". EventBright. July 2011. 
  22. ^ "Las Vegas' Panorama Towers Wins CARES Award". PR Log. April 1, 2009. 
  23. ^ "Southwest Contractor Nevada Best of - Concrete Projects". Architecture Studies Library - UNLV. 2009. 

External links[edit]

Coordinates: 36°6′27″N 115°10′56″W / 36.10750°N 115.18222°W / 36.10750; -115.18222