Our network

Implosion causes Gramercy to successfully crumble to ground | News

Title (Max 100 Characters)

Implosion causes Gramercy to successfully crumble to ground

LAS VEGAS -- Reduced to nothing but dust and rubble, the implosion of the structure known as the Gramercy went off without a hitch Sunday morning.

Demolition crews imploded the nine-story unfinished concrete condominium structure around 8:05 a.m. in front of a crowd of media and residents.

PHOTOS: Gramercy Implodes on Feb. 15, 2014

The 20-acre ManhattanWest project was originally planned as a 70 unit residential building in a social urban village before it was mothballed about 2009. However, the owners of the Gramercy, WGH Partners and The Krausz Companies, said the partially structured building, located several miles southwest of the Strip on Russell Road didn't match the current landscape of the area.

“Our vision for The Gramercy incorporates some of the original elements of the project but with a more fine-tuned approach based on careful analysis of the community's needs, and tactical delivery of a superior and unique product,” said Jay Krigsman, vice president at The Krausz Companies.

The owners say they're considering a higher uses for the land in conjunction with the nearly completed 160 luxury mid-rise residences, and 200,000 square feet of Class-A office and retail space that make up the village.


Southwest Deals