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 April 1, 2005 Manhattan Conodminiums Begins Framing, Locks In 600th Non-Refundable Contract 700 Unit Project Proceeding On Schedule (Las Vegas, NV) - Gemstone Development announced today that Manhattan Condominiums has begun primary framing operations on building 1. Meanwhile concrete, foundation, and grading operations continue on an additional 5 buildings. "Now that we have our framers at full-speed," said Alexander Edelstein, Gemstone Development CEO, “the project is really going to fly forward.” Separately, the company announced that it has “gone to hard contract” on its 600th unit. “In only a year’s time we were able to presell more than 85% of our project,” said Mr. Edelstein. “That’s a testament to the strength of our design and the quality of our sales team.” Gemstone Development is an integrated investment and development company with operations in Real Estate and Private Equity investment. The company is the developer of the Manhattan Condominiums project on Las Vegas Boulevard in Las Vegas (www.manhattanlv.com), which brings urban convenience, luxury and style to Las Vegas, but delivers it at a surprisingly affordable price point. It’s private equity investments have included Google, Shopping.Com and Inktomi and currently include Cloudmark, Tellme Networks, and the Broadway Production of “The 25th Avenue Putnam County Spelling Bee”. For more company information, visit the Gemstone Development website at www.gemstonedev.com or dial 702-614-3193. Contact: Gemstone Development 702.614 3193 Back to the News page |
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