Mira VillaLas Vegas condosbankruptcy saga continues in court.
The projected cost of construction completion is $35 million first phas of Mira Villas 113 units. The current debt for construction costs is $66 million and another $14.5 million for more development fees. Source: Review Journal
TheLas Vegas developmenthas another legal issue, $2.5 million in mechanics liens by subcontractors.
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for VIPLas Vegmira villa construction costs Mira Villa Las Vegas Condominiums Bankruptcy Saga Continues In Courtas condorepresentation by areal estate agent.
TheMira Villa condoappointed trustee has filed the motions to ultimately sell the development inSummerlin real estatenear the luxuryOne Queensridge Place.
January,HDB LLCfiled for bankruptcy on the mid rise condominium development in the Summerlin master plan.
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A local contracting firm has completed concrete work, including ramps, walkways and the foundation for the recreation center at a cost of $190,000.
One motion is allow the sale of the completedmid rise condosto pay off the loan allow the sale of homes to the existing buyers. The second is a motion for a $46 million bond to finish the phase of construction, market and pay the mortgage interest of the existing loan.
mira villa construction costs Mira Villa Las Vegas Condominiums Bankruptcy Saga Continues In Court,June 2, 2008 at 8:24 pm &183; Filed underLas Vegas Real Estate,Las Vegas News,Las Vegas Condos,Summerlin Nevada Real Estate News
Mira VillaLas Vegas condominiums bmira villa construction costsankruptcy saga continues in court. Two motions were filed including a bond to pay for construction completion.
