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Category Archive : Development

Despite Workers Testing Positive for Coronavirus, Work Continues on Las Vegas’ Allegiant Stadium

LAS VEGAS, NV – Despite two on-site workers testing positive for coronavirus – which causes the respiratory disease COVID-19 – it was announced this week that work would continue on the new home of the Las Vegas Raiders NFL team, Allegiant Stadium. The $2 billion, 65,000-seat venue is expected to be completed in July 2020 in time for the 2020 NFL season, currently scheduled for August 16.

Most recently, a worker for the Mortenson-McCarthy construction company tested positive last week for COVID-19, but the company noted that strict social distancing guidelines at the worksite prevented the infected worker from coming into contact with others, minimizing chances of the disease spreading further. A previous worker had tested positive for COVID-19 in March.

Mortenson-McCarthy representatives relayed their “heightened concern” for the safety of their workers, and have made adjustments to their labor volume and the timing of shipment deliveries to increase the precautions taken at the worksite.

Much of Nevada is currently under a stay-at-home order issued by Governor Steve Sisolak, with only businesses deemed to be “essential” allowed to remain open. Construction projects, which have been included in the “essential business” category, are still allowed to continue, but nonetheless a number of projects have been cancelled or postponed until the pandemic has subsided. Also, some contractors have reported delayed shipment of materials needed for their projects from China and Italy, areas of the globe where the coronavirus has hit the hardest.

Allegiant Stadium isn’t the only active construction site in Las Vegas with workers testing positive for COVID-19; recently, four workers at the Resorts World construction site and a worker at the Circa site have also tested positive for the disease.

In the wake of the ongoing pandemic, the Nevada Occupational Safety and Human Administration (NV OSHA) recently sent safety guidelines to construction companies state-wide, documenting precautions and procedures to ongoing projects to adhere to.

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of HendersonLas Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

OSHA Issues Coronavirus Safety Guidelines to Nevada Construction Companies; Will Randomly Inspect Work Sites

LAS VEGAS, NV – The Nevada Occupational Safety and Human Administration (NV OSHA) recently sent safety guidelines to construction companies state-wide, documenting precautions and procedures to adhere to in the wake of the ongoing coronavirus pandemic sweeping the nation.

In light of recent “stay at home” orders issued to help curb the spread of the coronavirus outbreak, construction in Nevada has been deemed an “essential” business, allowing development projects to currently remain in effect.

However, in light of some construction workers testing positive for COVID-19 – the respiratory illness caused by exposure to the coronavirus – NV OSHA Chief Administrative Officer Jess Lankford sent out a letter to active construction sites in the state, outlining personnel safety procedures that must be adhered to going forward, including social distancing guidelines.

“It is visibly obvious that employees are still being directed/allowed to work in close proximity [less than 6 feet apart] to other staff,” Lankford’s letter said.

The guidelines outlined in the NV OSHA letter include the following:

  • Restrict meetings, safety meetings//tailgate talks, and gatherings to no more than 10 people.
  • Establish effective social distancing protocols, which ensure that staff maintain a 6 foot personal separation from other staff during meetings, discussions, etc., where 10 people or less are present. Ensure that social distancing protocols are maintained during operation of mobile service equipment designed for two or more passengers.
  • Provide sanitization and cleaning supplies for addressing common surfaces in multiple user mobile equipment and multiple user tooling.
  • Maintain 6 foot separation protocols for labor transportation services, such as buses, vans, etc.
  • Conduct daily surveys of changes to staff/labor health conditions. NV OSHA is emphasizing the need for construction leadership to be working with and aware of the health and well-being of its labor force. Many leaders in the construction industry have implemented entry surveys of labor health conditions that have, and may, include temperature scans and in person Q&A.
  • Ensure that any identified first responders in the labor force are provided and use the needed personal protective equipment (PPE) and equipment for protection comes from communicable or infectious disease.
  • Provide access to portable and sanitary water.

In order to ensure that all developers are in compliance with these guidelines, NV OSHA noted that they would be sending representatives to randomly inspect construction sites; penalties for non-compliance could range from fines all the way up to the full closure of a project. Recently, workers at the Resorts World and the Raiders’ Allegiant Stadium construction sites were confirmed to have tested positive for COVID-19.

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of HendersonLas Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

Coronavirus Pandemic Stops Development, Delays Opening of Las Vegas MSG Sphere

LAS VEGAS, NV – The MSG Sphere, a one-of-a-kind entertainment venue originally slated to open in 2021 on the famed Las Vegas Strip, has become the latest victim of the coronavirus pandemic sweeping the nation. According to reports, the pandemic has brought a halt to construction of the MSG Sphere and, as a result its opening has been delayed to a currently undetermined date in the future.

A $1.7 billion, 400,000-square-foot, 18,000-seat, 360-foot-tall globe-shaped arena slated to be constructed on 63 acres of property located behind the Venetian Resort Hotel Casino, the Sphere – a joint venture of the Madison Square Garden Co. and Las Vegas Sands Corp. – is touted as a high-tech entertainment venue that will host musical performances and concerts, as well as potentially the occasional boxing or MMA contest.

Due to the outbreak, developers announced that they are suspending all work on the MSG Sphere, a process that will take approximately two weeks to implement. Issues cited include concerns over worker safety as well as disruptions to construction supplies due to fallout of the worldwide coronavirus pandemic. As a result, the 2021 opening of the Sphere will not be met, reports say.

Once completed, the interior of the Sphere will feature a 180,000-square-foot ceiling with massive video screens for attendees to watch, as well as floor-based bass speaker system to appeal to concert and club-goers on evenings when electronic dance music acts take the MSG Sphere stage, giving the venue a multi-genre and event capability.

But the real draw of the Sphere is the exterior, which will feature 36 miles of variable intensity LED lighting, enabling the structure to allow outside spectators to peer through a transparent facade to watch the concert within; at higher lighting intensities, outside vision will be obscured.

A new projected completion date for the Sphere’s construction and opening has not been revealed yet, but MGS representatives have stated that they look forward to “quickly and efficiently resuming construction as soon as practicable.”

Las Vegas has allowed construction to continue during the pandemic – as long as workers abide by social distancing guidelines – deeming it as “essential” work; the temporary halt of work on the MSG Sphere project, nonetheless, is the second high-profile project in the city shelved during the pandemic, the second being the former Fontainebleau.

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of HendersonLas Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

While City Grinds to Halt, Construction Continues Without Pause in Vegas Despite Coronoavirus Pandemic, Experts Say

LAS VEGAS, NV – According to reports, the construction industry in Las Vegas is continuing forward without any major setbacks attributed to the ongoing coronoavirus pandemic that is causing issues for its sister industry – real estate – but it remains to be seen what problems could arise if the outbreak ends later rather than sooner, experts say.

Construction, along with other fields such as medical and food, has been deemed an “essential” business by Nevada Governor Steve Sisolak, allowing work to continue unabated on numerous projects, free of governmental orders mandating many non-essential workers to remain at home to prevent the spread of coronavirus.

As a result, development on the many construction jobs currently ongoing in Las Vegas has continued without pause while the rest of the city essentially grinds to a halt; extra precautions have been taken on job sites to ensure that health and safety levels are maintained to prevent COVID-19, the respiratory disease caused by coronavirus. In contrast, workers in other industries that are deemed non-essential are holed up in their homes, waiting for the pandemic to blow over so they can return to work.

However, despite precautions, workers at Las Vegas construction sites have run into coronavirus-related issues during major ongoing projects; one worker at the Resorts World Las Vegas site and another at Allegiant Stadium have both come back with positive COVID-19 test results. There has been no word of Governor Sisolak re-evaluating his stance on construction work in Las Vegas based on these developments, however.

The coronavirus outbreak has caused problems with Las Vegas’ economy, which has only just righted itself after recovering from the mid-2000s recession. However, construction persists due to the word of experts that predict a fast turnaround to the city’s fortunes once the ongoing pandemic is finally resolved and people are able to return to work.

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of HendersonLas Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

Land Prices in Las Vegas Currently Twice as High Than During Recession

LAS VEGAS, NV – According to reports, the growing construction happening in Las Vegas in an effort to meet the demands of housing needs is having a rather predictable effect upon the price of the land this housing is sitting upon; that is, that price is going up.

In 2019, investors paid a median price of approximately $383,840 per acre of land for development in Southern Nevada, which represents an amount twice that from the depths of the mid-2000’s recession, reports say. Experts attribute this increase to numerous factors, including a skyrocketing economy and job market and a resulting influx of new hires into the region. Developers have scrambled to meet the growing demand for housing, erecting new homes, condos, and apartment complexes as quickly as they are able.

And of course, demand sets the price, and land owners acted accordingly, raising the rates per-acre significantly. But this follows with the history of Las Vegas, with land prices rising and falling in accordance with the economy and real estate market at any given time. For example, land prices dropped greatly during the recession, whereas they were quite lofty beforehand.

However high land prices are currently, they are not yet at their pre-recession peak; in 2007, when building in Vegas was in a frenzied state, an acre of land fetched as much as a median price of $835,180 per acre.

It also remains to be seen what effect the ongoing Coronavirus pandemic will have upon land prices in Las Vegas – and nationwide – as construction slows amid a mass population quarantine and temporary business closures dictated by local and federal government. But even if land prices do drop in the here and now, it’s a sure thing that they will eventually bounce back – and perhaps climb even higher – once the virus clears and becomes a thing of the past. However, some experts predict the Coronavirus could become seasonal such as the flu increasing the need for a vaccine even further..

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of HendersonLas Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

Multiple New Construction Projects to Revitalize Southwest Las Vegas, Including “The Bend” Shopping Center

LAS VEGAS, NV – In southwest Las Vegas, newly-announced construction projects are set to revitalize the region after seeing it in a state of decline for a number of years. Set along the 215 Beltway, a number of new developments are springing up, and locals are reportedly glad to see the positive impact it’s set to have on the area.

For example, in the vicinity of S. Durango Drive and W. Sunset Road there’s a new major shopping center in the works called The Bend, which is slated to host a number of new businesses, including dine-in movie theaters, retail establishments, and several different types of restaurants. The shopping center will come in at 170,000 square feet, will feature 725 parking spaces, and will be the largest development for dining and entertainment in the area.

According to The Bend’s website, ten tenants have been signed to date, with more on the way. The website notes that The Bend “will be the largest dining, entertainment and shopping destination in the Southwest area of the valley.” Since it was announced, The Bend has signed the first new Galaxy Theater Luxury in Southern Nevada, in addition to many dining establishments, including Lotus of Siam, Freed’s Dessert Shop, The Great Greek, Aces & Ales Brewery and more.

Currently there is no projected completion date for the construction of the Bend provided by the company that is working on it, but work seems to be progressing smoothly according to reports. In addition, there are several industrial projects in the works in the southwest valley, with a number of businesses of varying types set to make their presence felt in the coming months.

Residents that were interviewed have expressed support for the work going on in the area, with many saying that it would contribute to boosting the local economy, which was hit especially hard in the region during the recession; in turn, these improvements would likely attract other businesses and homeowners and help to raise home value, sparking further investment and improving life for the community overall.

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of HendersonLas Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

Las Vegas Strip Slated to be Home to Returning Hilton-Branded Hotel

LAS VEGAS, NV – The Vegas Strip is set to welcome back a seasoned player in the hotel game, and one of the most iconic brands in the business. According to recent reports, McLean-based Hilton is slated to open a massive mega-resort – comprised of three hotels – that will potentially add up to one of the biggest multi-brand deals in the company’s existence.

The original Las Vegas Hilton, an enormous resort, opened in 1971 and was located just one block from the Strip at 3000 S Paradise Road until the company’s property management services ended in 2012. However, now the brand is set to return to the Strip in a big way, with a $4.3 billion investment in a sprawling new hotel complex – opening in partnership with Resorts World Las Vegas – that is anticipated to open its doors for business in the summer of 2021.

The hotels, which will be operated under Hilton Hotels & Resorts, LXR and Conrad brands, will offer up a number of amenities for guests, spread out amongst a grand total of 3,500 rooms between the three hotels, and spread out over 88 acres of land. The complex will also feature 350,000 square feet of meeting and convention space, a 5,000-seat theater, and a 220,000 square foot pool complex with seven pools, a spa and fitness center.

The original Las Vegas Hilton – from 1981 to 1990, considered the largest hotel on the planet at 2,956 rooms on 65 acres – was lauded for its posh nature and the large number of celebrities that resided there; of special note was famous rock-and-roller Elvis Presley, who famously owned a penthouse on the hotel’s 30th floor. The original Las Vegas Hilton is now branded as the Westgate Las Vegas Resort and Casino, owned by Westgate Resorts and operated by Paragon Gaming.

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of HendersonLas Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

Developer Announces Plans to Construct Apartment Complex at Base of Mountain in Henderson

LAS VEGAS, NV – Ascot Group, a New York-based developer, has submitted plans with the city of Henderson for a potential apartment complex to be constructed at the base of a local mountain, according to recent reports.

The proposed apartment complex, which would be comprised of 132 units spread out over three buildings and featuring a separate clubhouse, would be situated behind a neighborhood near the Paseo Verde and Horizon Ridge parkways.

The proposal was submitted in the form of a letter to Henderson by Cray Flynn of the Ascot Group, which included plans drawn up by Wood Rodgers, an engineering firm based in Nevada. City officials will review the plans and respond to Ascot with any concerns, changes, or feedback that they deem needed.

According to the correspondence sent to Henderson officials, a Wood Rodgers representative notes that “The proposed layout of the buildings is designed to complement the overall character of the area while preserving access to the adjacent open space and the Amargosa Trail.”

The project would call for three 45-foot tall buildings, comprised of two building types, according to the letter submitted to Henderson officials. Underground parking would also be available to residents of the apartments, although Ascot states in their letter that they would need to extend two streets through tunnels in order to create access, while encroaching as little as possible upon the surrounding landscape. According to the letter, “the development goals are to maintain and enhance the natural setting of the mountainside.”

It should be noted that this is merely a proposal; Ascot has not officially submitted any official documents or applications to begin actual construction on the apartment complex.

The areas that Ascot is proposing for the potential construction is currently a low-density residential zone; if the project were officially pursued, Ascot would have to successfully petition Henderson to re-zone the area to a medium-density residential district in order to allow it to proceed, as a low-density district would not allow for an apartment complex.

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of HendersonLas Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

Boring Company Hits Major Milestone on Las Vegas Convention Center Tunnel Excavation

LAS VEGAS, NV – Elon Musk’s The Boring Company has announced that a milestone has been achieved on a massive tunnel project in Las Vegas on behalf of the city’s convention center.

The Boring Company – an infrastructure and tunnel construction company owned by Musk, a technology entrepreneur, investor, engineer, and co-founder of Tesla, Inc. – has been pegged for a project involving the construction and operation of an undergroundpeople mover that would service the Las Vegas Convention Center, slated to be completed in time for the January 2021 Consumer Electronics Show, according to officials.

After three months of work, the Las Vegas Convention and Visitors Authority (LVCVA) officials announced this week that excavation has been finished on the first of two tunnels – nearly a mile in length and 40 feet underground – that will comprise the people mover, dubbed the Convention Center Loop. The Boring Company will now begin excavation on the second tunnel.

Upon completion of the $52.5 million project, each tunnel will be one-way and will whisk up to 4,400 attendees per hour from the Convention Center’s South Hall across the 200-acre campus in all-electric Tesla vehicles, free of charge. The tunnels will connect the South Hall with the campus’ new West Hall, which was built when the Convention Center recently underwent an extensive expansion and renovation valued at $1.52 billion.

The tunneling was achieved by way of a massive machine that will now be taken apart, transported back to the South Hall, and reassembled, at which time it will start the tunneling process anew, this time on the second tunnel.

The project is designed with the potential to be expanded as needed in the future, and could aid in easing congestion throughout the Las Vegas resort corridor if needed, officials say.

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of HendersonLas Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

Former Lucky Dragon Hotel Re-Branded and Re-Opened as “Ahern Hotel,” Plans Extensive Renovation

LAS VEGAS, NV – According to reports, the former Lucky Dragon has been given a new lease on life, as new ownership has re-branded and re-opened the facility with plans to give the hotel and casino a huge make-over.

The newly christened Ahern Hotel – named after owner and developer Don Ahern – will eschew the Lucky Dragon’s previous Chinese-themed design aesthetic – most of the decorations, including statues and a dragon chandelier, have been removed from the premises and are currently in storage awaiting sale – in favor of a more conventional look and feel, although the building still features its previous red exterior, but with all-new signs reflecting the name change.

Originally opening in 2008 with 203 rooms and a 27,500 square-foot casino – considered small compared to their local competitors – the former Lucky Dragon was inspired by Asian concepts in an effort to appeal to Asian customers, who were expected to be the resort’s primary customer base.

However, the establishment experienced low customer turnout over the years that it was open and as a result, the Lucky Dragon permanently closed for business on October 2, 2018. It was eventually sold for $36 million in April 2019 to Don Ahern, and reopened as the Ahern Hotel and Convention Center in late 2019.

Currently, the casino is not being re-opened; instead, Ahern noted that he intends to transform the casino into conference and convention space, with work expected to begin in March 2020; currently, the new facility is slated to have a separate name, although that moniker has not yet been publicly revealed.

Ahern estimated that he will be spending less than $10 million on the changes to the former casino space – including new eateries such as an Italian and a sushi restaurant – and hopes the entire resort would be ready in time for a grand opening on July 4, 2020.

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of HendersonLas Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

Lotus

New Luxury Apartment Complex Approved for Las Vegas’ Chinatown Region

LAS VEGAS, NV – According to reports, developer Jonathan Fore is set to build a new luxury apartment complex in Las Vegas after having the project recently received the approval it needs to go forward from Clark County commissioners.

Fore is also responsible for the construction of Lotus, an apartment complex located on Spring Mountain Road, adjacent to Valley View Boulevard several years ago. The developer noted that the proposed new complex – dubbed The Pearl – will be a 170-unit building spread out over seven floods, and will be situated nearby the Lotus on the opposite side of Valley View Boulevard.

The first three floors of the building would be comprised of a private parking garage and over 11,000 square feet of retail space at the ground floor, according to documents filed with Clark County. The complex would be on a 2-acre plot of land, and apartments would range from 690 to 1,382 square feet, with rents in the neighborhood of $1,550 to $2,500 per month.

Las Vegas has seen a large number of apartment complexes built there in recent years as the economy has bred rapid job growth and a subsequent influx of new residents from other states looking to take advantage of that fact, as well as Vegas’ overall lower cost of living when compared to many other regions of the United States. Apartment construction in Vegas has been mostly in the suburbs, due to the relative ease and affordability of doing so when compared to other areas of Southern Nevada.

Fore announced that he hopes to hold the groundbreaking for The Pearl in August of this year, and is eyeing a construction completion date of summer 2022. Fore also noted that adding a new apartment complex in Chinatown would be a boon to both prospective future tenants and local businesses, as there are many retail, dining, and entertainment options nearby.

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of HendersonLas Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

The Hoffman Company

Gym, Apartments, Offices to Be Built at Former Las Vegas Sullivan Square Site

LAS VEGAS, NV – Minnesota-based Life Time, which runs a chain of luxury health and gym facilities, acquired Las Vegas’ Sullivan Square site in November 2019; according to reports there are potential plans in the works to transform the abandoned property into apartments, offices, and a gym.

Sullivan Square was originally purchased in the mid-2000’s with plans to transform it into a site for a Manhattan-style series of skyscrapers, but due to numerous factors – up to and including the recession – the plans never materialized, and the plot of land has sat in a state of disuse ever since, giving mute testament to the real estate crash that held Las Vegas in its grip for nearly a decade before only recently recovering in spectacular fashion.

Life Time has not officially announced plans for the Sullivan Square property, located across from Ikea at the southeast corner of Durango Drive and Sunset Road, however, reports indicate that Life Time plans to install one of their trademark luxury health and gym facilities at the location, in addition to a possible high-end apartment complex and office space for businesses. Retail options were not mentioned in the report, but should probably not be ruled out until concrete plans are revealed.

Originally, in the mid-2000’s, Sullivan Square was intended to be comprised of mixed-use space that would encompass apartments boasting nearly 1,400 residential units; 45,000 square feet of retail space; and 272,000 square feet of office space. However, the recession, combined with a series of lawsuits, resulted in the project never getting off the ground.

New construction of residential high-rise buildings are rare in the Las Vegas region in recent years, due in part to how expensive it is to both build and maintain such a facility. But the developers in this case must see the positive economic growth in Southern Nevada recently as a sign that high-rises may once again present the potential for profit in the years to come.

Photo via Loopnet & The Hoffman Company: Sunset & Durango; Las Vegas, NV 89113 · 14.89 AC · Land For Sale http://www.hoffmanland.com

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of HendersonLas Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.