One Queensridge Place: Difference between revisions

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Queensridge is not located in Summerlin; but it is adjacent to.
 
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{{distinguish|One Queensbridge}}
{{Infobox building
|name = One Queensridge Place
|image = Queensridge Place.JPG
|caption = One Queensridge Place
|start_date = 2005
|completion_date = 2007
|building_type = Residential
|location = [[Las Vegas]], [[Nevada]] [[United States|USA]]
|coordinates = {{coord|36.1663|-115.2945|display=inline,title}}
|latd =
|longdmap_type = USA = Nevada
|iso_region = US-NV
|coordinates_display= title
|roof = {{convert|234|ft|m|abbr=on}}
|top_floor = 20
Line 16 ⟶ 15:
|floor_area =
|cost =
|architecture_firm = JMA Architecture Studios
|architect =
|developer = Executive Home Builders
|main_contractor = [[Perini Building Company]]
|structural_engineer=
|unit_count = 219
|website = {{URL|http://www.queensridgeplace.com}}
}}
[[File:One Queensridge Place in Las Vegas.jpg|thumb|High-RiseOne CondominiumQueensridge TowersPlace in Las Vegas2013.]]
 
'''One Queensridge Place''' is the name given to two residential [[skyscraper]]s located on the west side of the [[Las Vegas Valley]] in the highly affluent ''Queensridge'' master-plannedneighborhood community,adjacent just outside ofto the Summerlin®master andplanned Peccolecommunity Ranchof master-planned[[Summerlin, communitiesNevada]]. Construction began in 2005 and concluded in 2007. The buildings are twins, measuring approximately {{convert|233.5|ft}} high. Each tower has 20 constructed floors with [[Curtain wall (architecture)|curtain wall]] facades and distinctive architecture. The resulting large windows allow for views of the [[Las Vegas Strip]] and the[[Red Rock Canyon National Conservation Area|Red Rock MountainsCanyon]].<ref name=april5>{{cite web|url=http://www.reviewjournal.com/jane-ann-morrison/atop-one-queensridge-place-imagination-dances-unbridled-opulence|title=Atop One Queensridge Place: Imagination dances in unbridled opulence|last=Morrison|first=Jane Ann|date=April 5, 2008|work=[[Las Vegas Review-Journal]]|access-date=May 11, 2016|url-status=live|archiveurl=https://web.archive.org/web/20160701125629/http://www.reviewjournal.com/jane-ann-morrison/atop-one-queensridge-place-imagination-dances-unbridled-opulence|archivedate=July 1, 2016}}</ref>
 
==History==
==In popular culture==
The project was originally announced as Versailles in March 1998,<ref>{{cite web|url=http://lasvegassun.com/news/2004/aug/27/onward-and-upward/|title=Onward and upward|last=Shubinski|first=Jennifer|date=August 27, 2004|work=[[Las Vegas Sun]]|access-date=May 11, 2016|url-status=live|archiveurl=https://web.archive.org/web/20160808231409/http://lasvegassun.com/news/2004/aug/27/onward-and-upward/|archivedate=August 8, 2016}}</ref> to be constructed on 14.5 acres of land adjacent to Summerlin's Badlands Golf Course,<ref name=LVS1998>{{cite web|url=http://lasvegassun.com/news/1998/mar/27/buyers-sought-for-million-dollar-condos/|title=Buyers sought for million-dollar condos|date=March 27, 1998|work=Las Vegas Sun|access-date=May 11, 2016|url-status=live|archiveurl=https://web.archive.org/web/20160808234723/http://lasvegassun.com/news/1998/mar/27/buyers-sought-for-million-dollar-condos/|archivedate=August 8, 2016}}</ref><ref name=LVRJ1998>{{cite web|url=http://www.lvrj.com/lvrj_home/1998/Mar-28-Sat-1998/business/7215979.html|title=Upscale condos previewed|last=Caruso|first=Monica|date=March 28, 1998|work=Las Vegas Review-Journal|archive-url=https://web.archive.org/web/19991003032919/http://www.lvrj.com/lvrj_home/1998/Mar-28-Sat-1998/business/7215979.html|archive-date=October 3, 1999}}</ref> near the southwest corner of Rampart Boulevard and Alta Drive.<ref name=July8/>
The towers are among the most expensive in the [[United States]]. Condo prices range between $1,200,000 and $20,000,000. The [[penthouse apartment|penthouses]] on the top 2 floors of each structure are approximately {{convert|15000|sqft}} each. The average price for a unit is $2,300,000.<ref>http://www.foxcor.com/queensridge.html</ref>
 
The project would consist of three 12-story towers with a total of 84 condominium units in 10 different floor plans,<ref name=LVRJ1998/> ranging in size from 3,000 square feet to 13,000 square feet, with prices between $1.1 million and $7.7 million.<ref name=LVS1998/> The project would have offered full-time security, concierge and valet service, a spa, a ballroom, and access to the nearby golf course.<ref name=LVS1998/>
 
Construction, to be handled by Taurus Development {{ndash}} a Canada-based international real estate developer {{ndash}} was to begin in May 1998,<ref name=LVRJ1998/> and was scheduled to be completed 14 months later.<ref name=LVS1998/> Five other companies were involved in the project's development, including Peccole Nevada Corporation, which provided part of the property for the project.<ref name=LVS1998/>
 
Condo units for Versailles had gone on sale by April 1999.<ref name=LVRJ1999>{{cite web|url=http://lvrj.com/lvrj_home/1999/Apr-12-Mon-1999/business/10955452.html|title=High Society|last=Caruso|first=Monica|date=April 12, 1999|work=Las Vegas Review-Journal|archive-url=https://web.archive.org/web/19990909042133/http://lvrj.com/lvrj_home/1999/Apr-12-Mon-1999/business/10955452.html|archive-date=September 9, 1999}}</ref> Taurus Development planned to begin construction the following month,<ref>{{cite web|url=http://lasvegassun.com/news/1999/apr/08/developers-pitching-pricey-penthouses-as-vegas-ent/|title=Developers pitching pricey penthouses as Vegas enters the condo market|last=Macy|first=Robert|date=April 8, 1999|work=Las Vegas Sun|access-date=May 11, 2016|url-status=live|archiveurl=https://web.archive.org/web/20160809003400/http://lasvegassun.com/news/1999/apr/08/developers-pitching-pricey-penthouses-as-vegas-ent/|archivedate=August 9, 2016}}</ref> with an expected completion date of early 2001.<ref name=LVRJ1999/> In December 2000, Peccole Nevada announced that Taurus Development was no longer involved with the project, which Peccole Nevada still planned to construct with a different development team. At that time, Peccole Nevada was also preparing to develop a separate resort on nearby land that would consist of 300 [[Fractional ownership|fractional]] [[timeshare]]-like units.<ref>{{cite web|url=http://lasvegassun.com/news/2000/dec/14/timeshare-like-project-planned-by-peccole/|title=Timeshare-like project planned by Peccole|date=December 14, 2000|work=Las Vegas Sun|access-date=May 11, 2016|url-status=live|archiveurl=https://web.archive.org/web/20160808235325/http://lasvegassun.com/news/2000/dec/14/timeshare-like-project-planned-by-peccole/|archivedate=August 8, 2016}}</ref>
 
A new project was announced in July 2004, as Queensridge Towers. At that time, it was to consist of three 18-story towers and one 14-story tower, with a total of 385 condominium units at an average of 3,850 square feet. The smallest units would be in the 2,000 square-foot range, while eight of the largest units would be 13,000 square feet. The average price for a unit would be $1 million.<ref name=July8>{{cite web|url=http://lasvegassun.com/news/2004/jul/08/high-rise-towers-okd-off-rampart/|title=High-rise towers OK'd off Rampart|last=Negron|first=Sito|date=July 8, 2004|work=Las Vegas Sun|access-date=May 11, 2016|url-status=live|archiveurl=https://web.archive.org/web/20160809005014/http://lasvegassun.com/news/2004/jul/08/high-rise-towers-okd-off-rampart/|archivedate=August 9, 2016}}</ref> The first phase of construction {{ndash}} two 18-story towers {{ndash}} began in April 2005, with the project now named One Queensridge Place.<ref name=Nov7>{{cite web|url=http://www.reviewjournal.com/lvrj_home/2005/Nov-07-Mon-2005/business/4148416.html|title=One Queensridge Place project adding investment partner|last=Smith|first=Hubble|date=November 7, 2005|work=Las Vegas Review-Journal|archive-url=https://web.archive.org/web/20071123040858/http://www.reviewjournal.com/lvrj_home/2005/Nov-07-Mon-2005/business/4148416.html|archive-date=November 23, 2007}}</ref> The project, developed by Peccole Nevada and Executive Home Builders, was designed by JMA Architecture Studios, while [[Perini Building Company]] served as the [[general contractor]].<ref name=Nov7/><ref name=Sep15/> In November 2005, IDB Development Corporation joined the project as an investment partner.<ref name=Nov7/>
 
In January 2006, the project received a $250 million construction loan from [[HSBC]]. At that time, Perini Building had finished the eighth floor of one tower and the ninth floor of the other tower, which would contain a combined total of 219 units.<ref>{{cite web|url=http://www.reviewjournal.com/lvrj_home/2006/Jan-07-Sat-2006/business/5248008.html|title=High-rise market taking some hits|last=Smith|first=Hubble|date=January 7, 2006|work=Las Vegas Review-Journal|archive-url=https://web.archive.org/web/20060111101546/http://www.reviewjournal.com/lvrj_home/2006/Jan-07-Sat-2006/business/5248008.html|archive-date=January 11, 2006}}</ref> The towers were [[Topping out|topped off]] in May 2006.<ref>{{cite web|url=http://www.reviewjournal.com/archive/search|title=Luxury condo towers topped off in Queensridge|last=Smith|first=Hubble|date=May 22, 2006|work=Las Vegas Review-Journal|access-date=May 11, 2016|url-status=live|archiveurl=https://web.archive.org/web/20150716031232/http://www.reviewjournal.com/archive/search|archivedate=July 16, 2015}} {{subscription required}}</ref> As of February 2007, the project was 85 percent sold.<ref>{{cite web|url=http://www.reviewjournal.com/lvrj_home/2007/Feb-13-Tue-2007/business/12551564.html|title=Plenty of luxury condos available|last=Smith|first=Hubble|date=February 13, 2007|work=Las Vegas Review-Journal|archive-url=https://web.archive.org/web/20070216013335/http://www.reviewjournal.com/lvrj_home/2007/Feb-13-Tue-2007/business/12551564.html|archive-date=February 16, 2007}}</ref> Construction had finished by September 2007.<ref>{{cite web|url=http://www.reviewjournal.com/news/state-bird-nevada|title=The State Bird of Nevada|date=September 2, 2007|work=Las Vegas Review-Journal|access-date=May 11, 2016|url-status=live|archiveurl=https://web.archive.org/web/20160701124233/http://www.reviewjournal.com/news/state-bird-nevada|archivedate=July 1, 2016}}</ref> The first residents were expected to begin occupying the building early that month.<ref name=Sep15>{{cite web|url=http://www.reviewjournal.com/business/royal-entrance-queensridge|title=Royal entrance at Queensridge|date=September 15, 2007|work=Las Vegas Review-Journal|access-date=May 11, 2016|url-status=live|archiveurl=https://web.archive.org/web/20160521092451/http://www.reviewjournal.com/business/royal-entrance-queensridge|archivedate=May 21, 2016}}</ref>
 
In October and November 2007, One Queensridge Place was cited for water waste by the [[Las Vegas Valley Water District]], which was unaware that a fountain on the property was part of its [[Cooling tower|cooling tower augmentation unit]].<ref name=Dec6>{{cite web|url=http://www.reviewjournal.com/jane-ann-morrison/drought-can-bring-fountain-pretty-yet-practical-solutions|title=Drought can bring fountain of pretty yet practical solutions|last=Morrison|first=Jane Ann|date=December 6, 2007|work=Las Vegas Review-Journal|access-date=May 11, 2016|url-status=live|archiveurl=https://web.archive.org/web/20160701125835/http://www.reviewjournal.com/jane-ann-morrison/drought-can-bring-fountain-pretty-yet-practical-solutions|archivedate=July 1, 2016}}</ref><ref name=Feb25>{{cite web|url=http://www.reviewjournal.com/jane-ann-morrison/even-if-cooling-tower-looks-fountain-it-still-might-not-waste-water|title=Even if cooling tower looks like a fountain, it still might not waste water|last=Morrison|first=Jane Ann|date=February 25, 2008|work=Las Vegas Review-Journal|access-date=May 11, 2016|url-status=live|archiveurl=https://web.archive.org/web/20160701125730/http://www.reviewjournal.com/jane-ann-morrison/even-if-cooling-tower-looks-fountain-it-still-might-not-waste-water|archivedate=July 1, 2016}}</ref> The water district had banned commercial fountains in 2003, because of a drought.<ref name=Dec6/> The water district later decided not to fine the property after being informed that the fountain was part of the buildings' cooling system.<ref name=Feb25/> Engineers believed the cooling system would generate energy savings of 10 to 12 percent for the property.<ref name=Dec6/>
 
In April 2009, the 219-unit property had only sold six condo units in the past six months because of a [[Great Recession in the United States|recession]]. To increase sales, the next 10 units were to be sold at a discount of 25 to 50 percent. Prices usually started at $900,000 for a 2,000-square-foot unit.<ref>{{cite web|url=http://lasvegassun.com/news/2009/apr/24/queensridge-developer-loan-solid/|title=Queensridge developer disputes report, says loan is solid|last=Wargo|first=Buck|date=April 24, 2009|work=Las Vegas Sun|access-date=May 11, 2016|url-status=live|archiveurl=https://web.archive.org/web/20160808223929/http://lasvegassun.com/news/2009/apr/24/queensridge-developer-loan-solid/|archivedate=August 8, 2016}}</ref> In February 2010, One Queensridge Place had gone a year without selling a condominium unit; 85 units remained unsold, and eight were in [[Default (finance)|default]].<ref>{{cite web|url=http://lasvegassun.com/news/2010/feb/05/citycenter-condos-may-outperform-market/|title=CityCenter condos may outperform market|last=Wargo|first=Buck|date=February 5, 2010|work=Las Vegas Sun|access-date=May 11, 2016|url-status=live|archiveurl=https://web.archive.org/web/20160317085443/http://lasvegassun.com/news/2010/feb/05/citycenter-condos-may-outperform-market/|archivedate=March 17, 2016}}</ref> Singer [[Pia Zadora]] purchased a $2 million condo unit at One Queensridge Place in May 2010.<ref>{{cite web|url=http://lasvegassun.com/blogs/kats-report/2010/jun/05/adelson/|title=Sheldon Adelson feeling some recovery momentum in tourism, convention business|last=Katsilometes|first=John|date=June 5, 2010|work=Las Vegas Sun|access-date=May 11, 2016|url-status=live|archiveurl=https://web.archive.org/web/20160809003411/http://lasvegassun.com/blogs/kats-report/2010/jun/05/adelson/|archivedate=August 9, 2016}}</ref> By November 2010, 138 condo sales had closed.<ref>{{cite web|url=http://lasvegassun.com/news/2010/nov/12/condo-sales-citycenter-mixed-bag/|title=High-rise condo sales at CityCenter a mixed bag|last=Wargo|first=Buck|date=November 12, 2010|work=Las Vegas Sun|access-date=May 11, 2016|url-status=live|archiveurl=https://web.archive.org/web/20160809003530/http://lasvegassun.com/news/2010/nov/12/condo-sales-citycenter-mixed-bag/|archivedate=August 9, 2016}}</ref> Sales had improved by April 2013.<ref>{{cite web|url=http://lasvegassun.com/photos/galleries/2013/apr/11/0219Queensridge/468716/|title=One Queensridge Place|last=Marcus|first=Steve|date=April 11, 2013|work=Las Vegas Sun|access-date=May 11, 2016|url-status=live|archiveurl=https://web.archive.org/web/20160809003422/http://lasvegassun.com/photos/galleries/2013/apr/11/0219Queensridge/468716/|archivedate=August 9, 2016}}</ref>
 
One Queensridge Place was built at a cost of $400 million. The property's [[artisan]]s were inspired by landmarks such as [[Champs-Élysées]] in Paris, the [[Parthenon]] in Athens, and the [[Trevi Fountain]] in Rome.<ref>{{cite web|url=http://lasvegassun.com/news/2008/jan/18/where-art-and-architecture-converge/|title=Where art and architecture converge|last=Hansel|first=Mark|date=January 18, 2008|work=Las Vegas Sun|access-date=May 11, 2016|url-status=live|archiveurl=https://web.archive.org/web/20160809012100/http://lasvegassun.com/news/2008/jan/18/where-art-and-architecture-converge/|archivedate=August 9, 2016}}</ref> One Queensridge Place contains four two-story penthouses, two on each tower. Each penthouse is 16,000 square feet.<ref name=april5/> The property's 20-acre site is approved for two additional towers and a total of 400 units.<ref>{{cite web|url=http://www.reviewjournal.com/business/former-unlv-basketball-player-still-flying-high|title=Former UNLV basketball player still flying high|date=April 23, 2007|work=Las Vegas Review-Journal|access-date=May 11, 2016|url-status=live|archiveurl=https://web.archive.org/web/20160701124922/http://www.reviewjournal.com/business/former-unlv-basketball-player-still-flying-high|archivedate=July 1, 2016}}</ref>
 
==References==
{{Reflist|30em}}
 
==External links==
*{{Official website|http://www.queensridgeplace.com}}
 
{{Summerlin, Nevada}}
 
{{Las Vegas residential}}
 
[[Category:Residential buildings completed in 2007]]
[[Category:SkyscrapersBuildings inand thestructures Lasin VegasSummerlin, ValleyNevada]]
[[Category:Residential skyscrapers in the Las Vegas Valley]]
[[Category:Twin towers]]