The Aqua Blue project has been canceled. The six-acre development project backed by basketball star Michael Jordan would have been located at the current site of the Ellis Island Casino & Brewery at Koval Lane and Flamingo Road.

Plans were for an 825-unit condominium-hotel with a 65,000-square-foot Michael Jordan Athletic Center and two Jordan restaurants.

The project developer, Chicago-based Diversified Real Estate Concepts, blamed increased construction costs for the cancellation. The Las Vegas high-rise was reportedly over 50 percent sold-out. Nevada Title will be sending refund checks to buyers in the near future.

# posted by Las Vegas Homes Agent @ 11:39 AM

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Tuesday, June 28, 2005

Aqua Blue Las Vegas High Rise Condos Canceled