Elon Musk’s The Boring Company Planning to Build Las Vegas Multi-Family Housing Unit
LAS VEGAS, NV – South African tech mogul Elon Musk’s The Boring Company is planning to construct a multi-family apartment complex in Las Vegas that will be connected to its underground loop “people mover” system, with the project having recently cleared a significant milestone by having been granted much-needed land-use permits by the Clark County Commission.
The currently-unnamed project, upon completion, would take the form of a six-story, 132-unit complex situated at 4300 Paradise Road with numerous unique amenities, such as a ground-level bodega, a drive-thru coffee shop, a game room, a full gym, a courtyard and a tenant-exclusive bar and cocktail lounge.
The land-use permits were granted by the Clark County Commission unanimously, albeit with several conditions, as the Boring Company is planning several aspects of the project that do not adhere to normal county building codes.
This includes providing only 24 parking spaces whereas normally 189 would be required, with Stephanie Gronauer of Kaempfer Crowell – the law firm representing Boring at the recent Commission meeting – successfully arguing that the reduction in the number of parking spots was justified due to the building’s residents having access to not only the Regional Transportation Commission’s (RTC) bus service in the area, but also Boring’s underground loop “people mover” system.
The Las Vegas loop is a transport system constructed underneath the city, comprised of a series of underground tunnels dug by Boring that currently ferries people back and forth to the Las Vegas Convention Center in a series of Tesla automated electric cars. Boring plans on expanding the tunnel system, with plans for new people mover routes to various area resorts, sporting venues, and the airport.
The idea is that folks in and around this downtown Strip corridor will live, work and play on this property,” Gronauer said. “Utilize the loop system, utilize the (RTC) bus rapid transit system, as well as the pedestrian accessibility.”
Commissioners granted the land-use permit with the exception for the number of parking spots on the condition that a public meeting be called for the design review of the loop station at the apartment complex, and that the apartment building’s occupancy not be issued until the county issues the loop station’s certificate of occupancy.
Currently, a start date for the project has not yet been revealed.
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Christopher Boyle is an expert investigative journalist for SEARCHEN NETWORKS® and reports for independent news and media organizations in the United States. Christopher keeps a keen-eye on what’s happening in the Vegas real estate market on behalf of Shelter Realty Property Management