From Las Vegas to Jacksonville?
It seems that Las Vegas is not so easy to turn a profit as everyone thinks. This piece from the Miami Herald profiles Jorge Perez who, along with actor George Clooney, planned to build condos near the Las Vegas Strip. Now the project has fallen through and they are now deciding whether to sell the 25 acres of land. Selling the land may also turn a profit so the situation is still salvageable.
While other developers insist their Las Vegas condo projects are going ahead as planned, Perez is already focusing on his other projects, including one in Jacksonville. No details yet on what that project is.
