The following year, One Las Vegas entered foreclosure because of low sales, caused by the Great Recession.

[4] Chet Nichols, executive vice president for Amland Development, was working with Wells Fargo, Wachovia and Hypo Real Estate Capital to devise a financial package to help build the project.

[3] In February 2005, Amland won the legal rights to use the "One Las Vegas" name, which had also been chosen by Del American for their own condominium project.

[8] The first phase, expected to cost $142 million, was under construction in April 2006, with excavation, grading, and underground utility work occurring on the property.

[11] Opening delays were attributed to excessive construction activity in Las Vegas, and to the fact that inspections of safety systems did not occur as initially scheduled.

[13] In April 2009, One Las Vegas entered foreclosure because of low sales, caused by the Great Recession.

[14][15] After Corus Bank failed in September 2009, Starwood Property Trust (also known as ST Residential) acquired the project a month later and began renting the units in 2010, because of poor sales; less than 75 of the 359 units had closed on their sales.

[19] Sales increased during 2017 and 2018, after the Oakland Raiders announced their relocation to Las Vegas.