Las Vegas Grand

Las Vegas, United States

Las Vegas Grand

Las Vegas Grand is an apartment complex located east of the Las Vegas Strip in Paradise, Nevada. It was developed by Chris DelGuidice through his Florida-based company, Del American. Originally, DelGuidice planned to build apartments on the site around 2001, and he subsequently added a condominium component. The project was announced in August 2003, but the apartment aspect was removed from the project later that year because of rising construction costs. The project, to be known as Vegas Grand, was to consist of 880 condominium units.

A class action lawsuit by condominium buyers was filed against Del American in 2005, after they were informed that the prices on their units would be raised in order to cover rising construction costs. The lawsuit was settled a year later. After several delays, construction began in March 2006. Lehman Brothers, which co-financed Vegas Grand, took control of the project in October 2007, after Del American defaulted on its loan. The project was ultimately opened around 2010, as a 212-unit apartment complex. Other buildings that had been planned for the project were never built.

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