It's not all doom and gloom for lofts in Las Vegas and Henderson. Last month there was an article in the RJ about Vantage lofts in Henderson. The developer had run out of funding and the future of the project, despite being partial finished was in limbo. So it's natural that purchasers would be a little hesitant about buying into a new development.

That hasn't stopped Mike Kennedy of Kennedy Commercial, the developer of Metreon lofts Las Vegas. The first phase of their $33 million mixed-use project is scheduled for completion in June of this year.

The project under construction at Flamingo Road and the Las Vegas Beltway will have twin five-story residential towers, plus leased commercial space. There will also be 14 live-work units in which owners live directly above their offices, workshops or retail businesses (like Juhl). The development just added another tenant, Partell Medical Pharmacy. Other tenants include Sammy's Woodfired Pizza, Einstein Bros. Bagels and FedEx Kinko's.

Units are still available in both towers but are limited.

Another boutique loft community just received it's certificate of occupancy and has commenced sales. The Avenue developed by Wolfson lofts is probably the most exclusive loft community in Las Vegas. The building houses only five ultra luxury residences with commercial space on the first floor. Even the most discriminating buyer would be impressed.