May 23, 2007
ManhattanWest Hosts Official Groundbreaking Celebration and Posts 100th Sale

Gemstone Development announced today that 30 days after the initial release of ManhattanWest, construction is underway. According to Vice President, Development, Pete Smith, completion of the first phase is planned for the third quarter of 2008. "Our official groundbreaking celebration took place on Tuesday May 22, 2007, and we hit a significant milestone with the sale of our 100th residence that evening", said Smith.

County Commissioner, Susan Brager, Las Vegas Chamber of Commerce President, Kara Kelly, and Gemstone Development CEO, Alex Edelstein spoke at the ManhattanWest site and participated in a ceremonial dig. A wine-tasting reception with food and live entertainment followed at the ManhattanWest sales center, where guests sampled wine from Rock and Roll Wines, took model tours, and learned more about the community.

About the Developer
Gemstone Development, the developer of ManhattanWest, is one of the most prolific condominium developers in Las Vegas. Gemstone's previous project, Manhattan Condominiums, is the first new mid-rise condominium to be built in Las Vegas since 2002, and at $230 million dollars is one of the largest condominium projects in Las Vegas. Manhattan Condominiums sold out its initial 700 units, and will complete the final of four phases in the Summer of 2007. Gemstone delivers unique, state-of-the-art features such as its ManhattanTransfer™ errand service and ManhattanMD™ medical services. Gemstone Development was founded by Alexander Edelstein in 2003.

Contact:
Mark Chatow
Gemstone Development, LLC
702-614-3193
markc@gemstonedev.com
www.gemstonedev.com

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