Pinnacle was a proposed two-tower condo hotel project that was to be built near the Las Vegas Strip in Paradise, Nevada.

[2] The Pinnacle project was being planned by The Falcon Group, led by Falconi in partnership with Elysium Enterprises, a Las Vegas consulting firm, and Praxis Resources Inc., a Pittsburgh development company.

[2] In addition to condo unit sales, the project would also receive financing from Marshall & Stevens, a New York firm.

[2] In March 2006, Falcon chose Youngblood Wucherer Sparer Architects to design the project, which was now expected to cost $850 million.

[11][12] In June 2006, The Falcon Group began negotiations with Berkshire Capital Financial of New York for a $550 million loan, while Pinnacle's sales office was scheduled to open later that month.

Michael Bellon, managing partner for The Falcon Group, said, "We wanted to create something that single-handedly redefined the standard of Las Vegas condominium living.

[4] In January 2008, Green Cable LLC filed a class action lawsuit on behalf of Pinnacle condominium buyers.

At this point in time, however, due to the construction delays the project has endured, the buyers I represent, including myself, believe it is in the best interests of all the parties that we go our separate ways.

[9] The cancellation was the result of financial issues brought on by the Great Recession, as the project did not pre-sell enough units to qualify for its first round of loan money.