“The Best is yet to Come,” a song Frank Sinatra performed hundreds of times during the days of the Rat Pack, provides us with a phrase that rings true in today’s Las Vegas real estate market. The first phase of the condo boom has passed, but there is much more to come. The second phase of “Manhattanization” belongs to seasoned builders.

The initial lift of the market has dissipated. Now it takes more experience to finish a high-rise project. As developers face new obstacles, altering their original strategy to accommodate the change in the market may be necessary for success. And in this second phase, the divide between experienced and less experienced developers becomes more apparent. This will yield to new innovations in marketing, development, and design.

To remain in sync with “The Best is yet to Come,” developers these days need to do their due diligence and adequately prepare for the obstacles that accompany the changing market, in order to see their project to completion.