June 5, 2008
Gemstone Development's ManhattanWest
Named one of Ten Largest New Projects in the Southwest U.S.

Las Vegas, NV -- Gemstone Development announced today that its ManhattanWest project made the "Top Ten" in Southwest Contractor Magazine's annual list of the "Biggest and Boldest" mega-projects in the Southwest.

"It can be easy to forget that there are major developments going on outside the Las Vegas Strip," said Gemstone Development CEO, Alex Edelstein, "We're thrilled to be included alongside such notable projects such as Echelon and Fontainebleau."

The list, which ran in the June 2008 issue of Southwest Contractor, ranks sixty projects across the Southwest United States. According to the publication, the selected developments are, "60 mega-projects that are the biggest, boldest, and most talked about of the past year." ManhattanWest was not only one of the top ten largest projects in the state of Nevada, but ranked in the publication's top ten for the entire Southwest. Projects are ranked by estimated construction costs.

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About Gemstone Development
Gemstone Development, is one of the most prolific condominium developers in Las Vegas. Gemstone's project, Manhattan Condominiums, was the first new mid-rise condominium to be built in Las Vegas since 2002, and at $230 million dollars is one of the largest mid-rise projects in Las Vegas. Manhattan Condominiums sold out its initial 700 units, and recently has finished construction on its last building this year. Gemstone's newest development, ManhattanWest, is a mixed-use community featuring more than 600 residences, 200,000 square feet of shops, restaurants, offices, and an all-suite hotel. The project is located on 20 acres in Southwest Las Vegas. Gemstone delivers unique, state-of-the-art features such as its ManhattanTransfer® errand service and ManhattanMD® medical services. ManhattanWest can be viewed on the web at ManhattanWest.com. Gemstone can be reached on the web at: GemstoneDev.com.

Contact:
Mark Chatow
Gemstone Development, LLC
702.614.3193
markc@gemstonedev.com
www.gemstonedev.com

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