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Coordinates: 36°6′27″N 115°10′56″W / 36.10750°N 115.18222°W / 36.10750; -115.18222
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| stories = 33
| stories = 33
| residential Units = 650
| residential Units = 650
| architect = [[Klai Juba Architects]]
| architect = Klai Juba Architects
| structural_engineer= [[Lochsa Engineering]]
| structural_engineer= Lochsa Engineering
| main_contractor = [[M.J. Dean Construction, Inc]]
| main_contractor = M.J. Dean Construction, Inc
| owner = {{nowrap|Panorama Towers HOA}}
| owner = {{nowrap|Panorama Towers HOA}}
| management = RMI Management, LLC
| management = RMI Management, LLC

Revision as of 09:47, 30 April 2012

Panorama Towers
Map
General information
TypeLuxury High-Rise Condominium Complex
Address4525 Dean Martin Drive
Las Vegas, Nevada
OwnerPanorama Towers HOA
ManagementRMI Management, LLC
Height420 ft (130 m)
Design and construction
Architect(s)Klai Juba Architects
Structural engineerLochsa Engineering
Main contractorM.J. Dean Construction, Inc

Panorama Towers is an award-winning 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 iconic towers helped pioneer the second wave of luxury residential units in the Las Vegas Valley.[4] Panorama Towers' 635-unit complex sits on 8.5 acres[5] on Dean Martin Drive and is centrally located across from the Las Vegas Strip just a 1/4 mile from CityCenter.[6][7]

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

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.[8] 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.[9][10][11]

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.[12] [13]

Hallier commented that the city’s restaurant, the entertainment, and the other great metropolitan offerings are all centralized within a 5 miles radius and that people wanted to enjoy that kind of experience in their living quarters as well.

The name ‘Panorama Towers’ was chosen due to the extraordinary sights from every unit of the complex. On one side is the beauty of the Las Vegas skyline. The other offers breath-taking 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.[14] 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.[15]

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.[16]

Amenities

Fitness Center at Panorama Towers

Among the world-class amenities at Panorama Towers are: [17]

  • Resort Style Heated Pool and Jacuzzi with Lounge Areas
  • 5,000 square foot Fitness Center
  • 24-hour Guard Gated Security
  • Round the Clock Concierge Service
  • Valet Parking
  • His & Her Spa Facilities
  • Yoga and Pilates Studio
  • Large Screen Theater and Entertainment Room
  • Indoor Racquetball Court
  • Conference Room
  • Free Limo Service
  • Complementary Coffee and Tea in the Lobby

Value

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.[18][19] Additionally, with the opening of the Harmon Overpass, it allows residents access to the heart of the Strip in 5 minutes. [20]

Events

Numerous exclusive events for residents have been hosted by Panorama Towers such as the recent Summer Art Show. The event highlighted the work of local artists.[21] [22]

  • One of the Hot Tubs Located in the His' and Her's Spas at Panorama Towers
    One of the Hot Tubs Located in the His' and Her's Spas at Panorama Towers
  • Entrance to One of the Spa Facilities at Panorama Towers
    Entrance to One of the Spa Facilities at Panorama Towers
  • Fitness Center at Panorama Towers
    Fitness Center at Panorama Towers
  • One of the Poker Rooms at Panorama Towers
    One of the Poker Rooms at Panorama Towers
  • One of the Sauna Rooms at Panorama Towers
    One of the Sauna Rooms at Panorama Towers
  • The Yoga and Pilates Studio at Panorama Towers
    The Yoga and Pilates Studio at Panorama Towers
  • One of the Conference Rooms at Panorama Towers
    One of the Conference Rooms at Panorama Towers
  • One of the 24-Hour Concierge Desks at Panorama Towers
    One of the 24-Hour Concierge Desks at Panorama Towers
  • One of the Limousines For Panorama Towers Residents
    One of the Limousines For Panorama Towers Residents

Panorama Property awards

Panorama Towers have been awarded:

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

Highrise Association of the Year Award (2008) Awarded by the Community Associations Institute (CAI)[23]

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

Best of Nevada - Concrete Project (2006) Awarded by Southwest Contractor [24]

See also

References

  1. ^ Panorama Towers Twitter Page
  2. ^ Panorama Towers Yahoo Local Page
  3. ^ Panorama Towers Google+ Page
  4. ^ "America's Emptiest Cities". Forbes Magazine. February 2, 2009.
  5. ^ "A Room With A View" (PDF). Nevada Contractor Magazine. February 2005.
  6. ^ "Boardwalk Closing to Clear Way for CityCenter". Casino City Times. September 16, 2005.
  7. ^ "Panorama Towers Building Statistics". Goldstein Properties.
  8. ^ "Living The Highlife" (PDF). Luxury Las Vegas Magazine. July 2004.
  9. ^ "Condominium Project Planned". Las Vegas Sun. September 08, 2003. {{cite news}}: Check date values in: |date= (help)
  10. ^ "Las Vegas Strip Projects Unveiled". Casino City Times. September 02, 2004. {{cite news}}: Check date values in: |date= (help)
  11. ^ "Panorama Towers News". Vegas Today and Tomorrow. February 3, 2005.
  12. ^ "VegasBeat". Las Vegas Sun. September 12, 2003.
  13. ^ "New Las Vegas Game: 2 BR's, Strip Vu". New York Times. December 14, 2004.
  14. ^ "As City Grows, Developers Build Upward". Las Vegas Review-Journal. October 6, 2003.
  15. ^ "Project on Strip Suffers Setback". Casino City Times. January 17, 2008.
  16. ^ "Panorama Tower North Becomes The Martin". Vegasnews.com. January 21, 2011.
  17. ^ "Las Vegas High Rise Condos-Panorama Towers". Panorama Towers. {{cite news}}: Cite has empty unknown parameter: |1= (help)
  18. ^ "Panorama Towers Las Vegas High Rise Condos Outperform". Yahoo News. November 1, 2011.
  19. ^ "Luxury Real Estate Partners Named Exclusive Broker for a Luxury Penthouse at Panorama Towers Las Vegas". Digital Journal. January 8, 2012.
  20. ^ "Panorama Towers Realty: Anthony Wilson Adds Value and Vision". News Blaze. October 30, 2008.
  21. ^ "Panorama Towers 2011 Summer Art Show". Panorama Towers Facebook Page. July 6, 2011.
  22. ^ "Event Listing - Panorama Towers 2011 Summer Art Show". EventBright. July 2011.
  23. ^ "Las Vegas' Panorama Towers Wins CARES Award". PR Log. April 1, 2009.
  24. ^ "Southwest Contractor Nevada Best of - Concrete Projects". Architecture Studies Library - UNLV. 2009.

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

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