Palms Place

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Condo hotel in Paradise, Nevada

title: "Palms Place" type: doc version: 1 created: 2026-02-28 author: "Wikipedia contributors" status: active scope: public tags: ["skyscraper-hotels-in-paradise,-nevada", "residential-skyscrapers-in-the-las-vegas-valley", "residential-condominiums-in-the-united-states", "residential-buildings-completed-in-2008", "2008-establishments-in-nevada"] description: "Condo hotel in Paradise, Nevada" topic_path: "geography/united-states" source: "https://en.wikipedia.org/wiki/Palms_Place" license: "CC BY-SA 4.0" wikipedia_page_id: 0 wikipedia_revision_id: 0

::summary Condo hotel in Paradise, Nevada ::

::data[format=table title="Infobox building"]

FieldValue
namePalms Place
imagePalms Place Las Vegas.jpg
image_alt
image_captionPalms Place in 2008
building_typeCondo hotel
address4381 West Flamingo Road
location_cityParadise, Nevada
location_countryUnited States
coordinates
groundbreaking_dateMay 5, 2006
topped_out_dateAugust 10, 2007
opened_date2008
demolition_date
floor_count47
architecture_firmJerde Partnership
developerGeorge Maloof
main_contractorM.J. Dean
unit_count599
::

| name = Palms Place | native_name = | native_name_lang = | logo = | logo_size = | logo_alt = | logo_caption = | image = Palms Place Las Vegas.jpg | image_size = | image_alt = | image_caption = Palms Place in 2008 | map_type = | map_alt = | map_caption = | map_size = | map_dot_label = | map_dot_mark = | relief = | former_names = | alternate_names = | etymology = | status = | cancelled = | topped_out = | building_type = Condo hotel | location = | address = 4381 West Flamingo Road | location_city = Paradise, Nevada | location_country = United States | coordinates = | altitude = | current_tenants = | namesake = | groundbreaking_date = May 5, 2006 | start_date = | stop_date = | est_completion = | topped_out_date = August 10, 2007 | completion_date = | opened_date = 2008 | inauguration_date = | relocated_date = | renovation_date = | closing_date = | demolition_date = | floor_count = 47 | architecture_firm = Jerde Partnership | developer = George Maloof | main_contractor = M.J. Dean | unit_count = 599 | website = Palms Place is a 47-story condo hotel in Paradise, Nevada, near the Las Vegas Strip. It is connected to the Palms Casino Resort. The project was announced in March 2005, to capitalize on a condominium boom occurring in Las Vegas at the time. Groundbreaking took place in May 2006, and the tower was topped off in August 2007. Palms Place opened in 2008, during the Great Recession, and some buyers had difficulty completing their unit purchases because of poor economic conditions.

History

Palms Place was announced by George Maloof on March 2, 2005, as part of a $600 million expansion of the Palms resort, which was opened by the Maloof family in 2001. The Palms Place tower would include 599 condo hotel units. The project was meant to capitalize on a condominium boom occurring in Las Vegas at the time. Construction of the tower was scheduled to begin in 2006. Additional hotel rooms were originally planned for the property until 2004, when condo-hotel units were chosen instead because of the demand for residential units. The Los Angeles-based Jerde Partnership was the designer for Palms Place.

Units in the tower had already generated buyer interest prior to the project's official announcement, at which point more than 50 percent of the units had been reserved. The Palms' existing customer base included actors, musicians, and sports figures who were interested in purchasing units in the tower. The project was initially expected to cost $300 million, although rising construction costs brought the budget to $350 million. Sales prices were increased six times over the next year to keep up with the rising construction costs. The project was financed by Wells Fargo, and M.J. Dean was the general contractor. A groundbreaking ceremony took place on May 5, 2006, and the tower was topped off on August 10, 2007.

A certificate of occupancy was issued in February 2008, and the first residents were expected to begin moving in at the end of the month. The tower's penthouses were still under construction and were expected to be finished by May 2008. Individual owners had the option of renting out their units as hotel rooms, for a 50 percent profit. A grand opening event was held on May 31, 2008, and was attended by various celebrities, as well as George Maloof. The property opened during the Great Recession. Maloof said, "Sometimes you can't help when you open. You just have to work hard and live through it."

As of October 2008, sales had only been finalized for 342 units, or 57 percent of the 599 units. Because of poor economic conditions, buyers had difficulty obtaining the necessary credit to finalize their purchases. In May 2009, the Palms began offering financial assistance to approximately 150 buyers who had already made down payments but were unable to get full financing to close on their purchases. At the time, 370 unit sales had been finalized.

Notable residents have included Jessica Simpson, Eminem, Paul Stanley, Hulk Hogan, and Floyd Mayweather Jr. Phil Maloof owned a Palms Place penthouse, which he put up for sale in 2014, at a cost of $38 million. The purchase would include artwork by Pablo Picasso and Salvador Dalí. After months without a buyer, Maloof decided to include a Lamborghini Huracán as part of the purchase. The Muleseum, a 1300 sqft suite dedicated to the Moscow mule cocktail, was debuted in March 2018. The suite included a bar with several variations of the drink available.

Maloof put his penthouse on the market again in 2019, with a $15 million listing price. Turnkey Pads, a vacation property company, purchased the penthouse later that year for $12.5 million, making it the most expensive high-rise condo sale in Las Vegas history. Turnkey spent $1 million to renovate the penthouse and add a helipad. The company began renting the penthouse out in December 2019, with prices ranging from $5,000 to $25,000 a night. Turnkey also owned and managed approximately 100 other units at Palms Place.

Features

::figure[src="https://upload.wikimedia.org/wikipedia/commons/c/c7/Vdara_Hotel_View_(7980426325).jpg" caption="Palms Place (left) alongside the Palms' two hotel towers, 2012"] ::

Palms Place consists of a 47-story condo hotel tower, located on the western end of the Palms resort property. Palms Place is connected to the main Palms resort through a moving walkway known as the SkyTube. Residential units include 600 sqft studios, 1200 sqft suites with one bedroom, and penthouses ranging 2000 to. The tower contains 21 penthouses, occupying the top four floors.

Amenities include concierge service, 24-hour room service, and a business center. The property also features a 50000 sqft pool and spa, the first Turkish bath in Las Vegas, A bar, Rojo Lounge, operates in the lobby.

A restaurant, Simon Restaurant and Lounge, opened in May 2008. It was operated by chef Kerry Simon. The restaurant was located in a 6000 sqft space on the sixth floor, next to the pool area, offering a view of it via floor-to-ceiling windows. The eatery's target clientele was young and hip people. The restaurant included a sushi bar, Servers would wear pajamas during brunch, and customers had the option to do so as well.

In July 2008, Palms Place introduced a weekly, evening pool party event that would start off with cocktails in the Simon restaurant before moving to the pool deck for DJ music and swimming. During the first month, the pool parties featured $7,000 worth of rubber ducks. The 25,000 ducks came in a variety of colors and designs. The Duck Party returned in 2012, with more than 25,000 rubber ducks.

In February 2015, it was announced that Simon would close in three months when its lease was scheduled to expire. At the time, chef Simon was battling multiple system atrophy, and he celebrated his birthday at the restaurant shortly before its closure. The Simon restaurant was replaced by Cafe 6, which opened in May 2015. Café 6, named after its location on the sixth floor, featured a new menu focused on burgers. In 2018, Cafe 6 was replaced by Laguna Pool House & Kitchen.

References

References

  1. Benston, Liz. (March 3, 2005). "Palms plans condo-hotel tower". Las Vegas Sun.
  2. Stutz, Howard. (March 3, 2005). "Palms joins upward trend in Las Vegas". Las Vegas Review-Journal.
  3. Illia, Tony. (March 7, 2005). "Palms joins vertical condo crowd".
  4. Smith, Hubble. (May 6, 2005). "Palms condo project selling fast". Las Vegas Review-Journal.
  5. (May 5, 2006). "New $350 million Palms high-rise breaks ground".
  6. Smith, Hubble. (May 6, 2006). "Soaring Higher – Palms Place project costs have jumped". Las Vegas Review-Journal.
  7. Curtis, Anthony. (August 19, 2007). "1 Strip project digs to the bottom, another tops out". The Arizona Republic.
  8. (August 27, 2007). "University biomedical center expansion advances". Las Vegas Review-Journal.
  9. Knightly, Arnold M.. (February 23, 2008). "Move-in day almost here for Palms Place". Las Vegas Review-Journal.
  10. (May 29, 2009). "Palms Place condo buyers are offered seller-backed financing". Las Vegas Review-Journal.
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  12. Abowitz, Richard. (June 8, 2008). "Glitzing up a market downturn". Los Angeles Times.
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  14. Knightly, Arnold M.. (October 14, 2008). "Credit squeeze hits high-rises". Las Vegas Review-Journal.
  15. (April 27, 2005). "Simpson and Lachey buy Las Vegas condo". UPI.
  16. Clarke, Norm. (May 6, 2006). "Childless couple in custody battle". Las Vegas Review-Journal.
  17. Akane, Kimo. (March 12, 2008). "Kimo's Vegas". MidWeek.
  18. Blaine, Dean. (October 14, 2008). "Spirit of celebrity chic is intact at Palms Place Hotel & Spa: Travel Weekly".
  19. (July 28, 2005). "Eminem rents theater, buys condo". UPI.
  20. (February 27, 2008). "Stanley may be Vegas' Phantom". Las Vegas Review-Journal.
  21. Collier, Lyn. (August 17, 2014). "Kiss guitarist to sell Palms Place pent-house". Las Vegas Review-Journal.
  22. (August 14, 2008). "LV condo is focus of divorce hearing". Las Vegas Review-Journal.
  23. (May 1, 2015). "Floyd Mayweather Jr. lands a knockout pad above the Vegas Strip". Los Angeles Times.
  24. Segall, Eli. (June 27, 2014). "Want the Palms Place rooftop penthouse? You can snag it for $38 million". VegasInc.
  25. Segall, Eli. (November 13, 2014). "Buy $38 million Palms penthouse, and they'll throw in a Lamborghini". VegasInc.
  26. Chen, Stefanos. (August 1, 2016). "$22 Million Las Vegas Penthouse Comes With Picasso and Lamborghini". The Wall Street Journal.
  27. Mancini, Al. (March 27, 2018). "Las Vegas' newest party suite is themed after the Moscow mule". Las Vegas Review-Journal.
  28. Flemming, Jack. (February 12, 2019). "Phil Maloof seeks $15 million for flashy Las Vegas penthouse". Los Angeles Times.
  29. Stone, Susan. (February 14, 2019). "Phil Maloof's Las Vegas penthouse lists for $15M". Las Vegas Review-Journal.
  30. Stone, Susan. (March 15, 2019). "Palms rooftop bachelor pad lists for $15M". Las Vegas Review-Journal.
  31. (November 7, 2019). "Former New Mexico state Sen. Phil Maloof sells flashy Vegas penthouse for $12.475 million". Los Angeles Times.
  32. Segall, Eli. (November 8, 2019). "Look inside this Palms Place penthouse that sold for $12.5M". Las Vegas Review-Journal.
  33. Horwath, Bryan. (November 13, 2019). "Buyer to rent out Palms Place penthouse, install helicopter pad". Las Vegas Sun.
  34. (November 10, 2019). "New Palms Place penthouse owners hope to attract players". KTNV.
  35. Wargo, Buck. (January 31, 2020). "High-rise luxury resales set records in 2019". Las Vegas Review-Journal.
  36. Wargo, Buck. (January 31, 2020). "Palms Place penthouse gets $1M remodel; rents for up to $25,000 a night". Las Vegas Review-Journal.
  37. Smith, Hubble. (January 28, 2008). "Certificate of occupancy expected soon for Palms Place". Las Vegas Review-Journal.
  38. Stapleton, Susan. (March 28, 2008). "Catch My Drift". Las Vegas Review-Journal.
  39. Grafiada, Jennifer. (March 4, 2009). "Sizzling happy hour launches at Rojo Lounge". Las Vegas Weekly.
  40. Smith, Hubble. (May 14, 2008). "Celebrity chef to open Palms Place eatery". Las Vegas Review-Journal.
  41. Friess, Steve. (May 22, 2008). "Kerry Simon is taking over Las Vegas' restaurant scene". Los Angeles Times.
  42. Padgett, Sonya. (January 14, 2009). "Simon toys with comfort food, adds healthier fare". Las Vegas Review-Journal.
  43. Knapp Rinella, Heidi. (June 5, 2009). "Simon Restaurant & Lounge". Las Vegas Review-Journal.
  44. Chareunsy, Don. (April 9, 2015). "A fond farewell to Simon's legendary Sunday brunch". Las Vegas Weekly.
  45. Wang, Andy. (May 13, 2015). "One final brunch at Simon: Musing on a rock-star chef's legacy". Las Vegas Weekly.
  46. Elfman, Doug. (June 16, 2011). "Palms Place pool, restaurant a great place for star spotting". Las Vegas Review-Journal.
  47. Leach, Robin. (June 24, 2013). "Strip Scribbles: Las Vegas is in the spotlight for new reality TV shows". Las Vegas Sun.
  48. (June 26, 2008). "On deck at the pool at Palms Place". Las Vegas Weekly.
  49. Woodman, Xania. (July 3, 2008). "Duck, Duck, Sploosh!". Las Vegas Weekly.
  50. Feldberg, Sarah. (July 29, 2008). "Au revoir nos petit canards (or get your ducks now!)". Las Vegas Weekly.
  51. (June 4, 2012). "The Duck Party: Quack attack is back!". Las Vegas Sun.
  52. Adams, Mark. (June 6, 2012). "Hot Spots: Richie Hawtin at Drai's, Duck Party at the Palms and more". Las Vegas Sun.
  53. Stapleton, Susan. (June 8, 2012). "Haute Event: The Duck Party Returns to The Palms".
  54. Leach, Robin. (February 27, 2015). "Ailing Kerry Simon to close Simon in Palms Place, KGB in Harrah's". Las Vegas Sun.
  55. Elfman, Doug. (February 28, 2015). "Las Vegas losing a gem with Simon closing". Las Vegas Review-Journal.
  56. Elfman, Doug. (March 3, 2015). "You can still eat at Simon until May 22". Las Vegas Review-Journal.
  57. Elfman, Doug. (May 10, 2015). "Celebrity chef Kerry Simon celebrates 60th birthday in Palms restaurant". Las Vegas Review-Journal.
  58. Stapleton, Susan. (May 26, 2015). "Café 6 Takes Over the Former Simon Space at Palms Place". Eater.
  59. Knapp Rinella, Heidi. (May 27, 2015). "New restaurant Cafe 6 knows how to have fun with food". Las Vegas Review-Journal.
  60. Knapp Rinella, Heidi. (June 11, 2015). "Cafe 6 at the Palms keeps things quirky". Las Vegas Review-Journal.
  61. Radke, Brock. (September 9, 2015). "Palms Place's Café 6 takes a breezy space in an even more casual direction". Las Vegas Weekly.
  62. Martin, Bradley. (October 30, 2018). "Laguna Pool House & Kitchen Replaces Café 6 at Palms Place". Eater.

::callout[type=info title="Wikipedia Source"] This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page. ::

skyscraper-hotels-in-paradise,-nevadaresidential-skyscrapers-in-the-las-vegas-valleyresidential-condominiums-in-the-united-statesresidential-buildings-completed-in-20082008-establishments-in-nevada