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Category Archive : Development

Las Vegas Centennial Bowl Interchange Begins Next Phase of Construction

LAS VEGAS, NV – Ground was recently broken on the next phase of construction of the Centennial Bowl interchange, the project spearheaded by the Nevada Department of Transportation (NDOT) aimed at making traffic smoother and safer in the northwest Las Vegas region.

This newest phase of the Centennial Bowl interchange project – located where the 215 Beltway intersects with U.S. Highway 95 – is budgeted at $73 million, with officials noting that upon completion, it will enhance the safety of motorists as well as the overall flow of traffic in the area while creating an easier and more direct conduit for the Centennial area of Las Vegas. 

At the moment, well over 100,000 vehicles a day traverse this section of the highway, and with that number expected to increase as the population of Southern Nevada continues to grow in light of the booming economy, job, and real estate market as of late; reports peg the traffic levels rising as high as 160,000 vehicles a day in just a few years, if not more.

The general contractor of the project has been announced as Las Vegas Paving, who was awarded a $61.5 million contract for the construction. 

Construction will yield three new connections in the form of freeway flyover ramps- northbound U.S. Highway 95 to 215 Beltway westbound, southbound U.S. Highway 95 to eastbound 215 Beltway, and eastbound 215 Beltway to U.S. Highway 95 southbound. Flyover ramps allow ongoing traffic to maintain their currently level of speed and acceleration while offering direct connections from one freeway to another, as opposed to standard entrance ramps that often present bottlenecks for incoming vehicles looking to merge. The Centennial Bowl interchange will, ultimately, offer more efficiency and safer conditions while maintaining speed rates for motorists by doing away with the right-of-way and stop-and-go nature of the current freeway layout.  

The main bridge that will make up the central structure of the project will be the second-longest in Nevada, measuring 2,635 feet long, 75 feet tall, and 39 feet wide.

In addition to the new flyover lanes, other work will be undertaken upon the surrounding area in the form of drainage updates to reduce the risk of flooding during inclement weather as well as enhanced lighting to increase safety and visibility, improved landscaping for aesthetic purposes (as well as to ensure that local foliage doesn’t impede the view of motorists), and the implementation of new technology-based traffic management and surveillance systems.

The Centennial Bowl interchange is expected to offer up to 150 new opportunities for employment during the main phase of construction, the costs of which are being covered through a combination of state ($54 million) and federal ($19 million) funding.  This phase of the Centennial Bowl interchange construction is expected to be completed in mid-2021.

Looking for information on resettling in the fast-growing Las Vegas market? Home recommendations? Vegas apartments, condos or even area nightlife and entertainment expectations? Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

Las Vegas Developer Tearing Down Campus Village Complex for Mixed-Use Project

LAS VEGAS, NV – Campus Village, located at 4440 South Maryland Parkway in Las Vegas, is a two-story complex consisting of space for retail establishments and professional office complexes. It’s been occupying its space for decades – it was originally built in 1978 – and due to the efforts of a prominent local developer, it will be soon demolished to make way for a new mixed-use project that is looking to tap into the recent real estate boom experienced as of late in the Southern Nevada region.

Situated directly across from the University of Las Vegas campus, workers employed by G2 Capital Development began demolition last week on Campus Village, with owners of the company estimating that the property will be completely razed and ready for re-purposing within a week or 10 days. G2 purchased Campus Village in 2017 for almost $5.5 million; the deal also included a separate building featuring retail space next door as well.

G2 Capital Development noted that demolishing the building and starting over from scratch is a necessary step due to numerous issues that Campus Village faced; due to its below-ground construction and open-air set-up, the property was often the victim of flooding during storms. Occupations by Las Vegas’ homeless community and drug dealers, as well as ongoing issues of vandalism, have also been a growing problem, G2 noted.

The demolition of Campus Village, G2 said will make way for a new complex that will feature numerous buildings constructed upon the site, some reaching as high as 20 stories; the new structures are slated to consist of spaces serving a variety of uses, from hotel rooms to office space, apartments and possibly even space utilized by the neighboring University of Las Vegas administration.

Project plans are expected to be filed with Clark County officials within the next few months as to the exact specification of the project, which is tentatively anticipated to break ground and begin construction by the end of 2019 or possibly the beginning of 2020. The estimated time from start to finish is approximately 20 months, G2 said. Part of the construction is expected to involve the neighboring retail-centric building at 1220 East Harmon Avenue, which is expected to also be demolished soon and whose property is expected to be incorporated into the overall mixed-use project G2 is working on.

Completion of the project, and the new retail and business tenants that the new complex is expected to attract, are to serve as a catalyst for positive change in the area, which has until now been seen as impoverished by some, according to reports.

Looking for information on resettling in the fast-growing Las Vegas market? Home recommendations? Vegas apartments, condos or even area nightlife and entertainment expectations? Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

Summerlin Developer to Construct New 14-Story Hotel Next to Las Vegas Ballpark

Summerlin Developer to Construct New 14-Story Hotel Next to Las Vegas Ballpark

LAS VEGAS, NV – Even though it is currently still in the works, the upcoming Las Vegas Ballpark is already seeing satellite businesses begin to pop up around it, and one of the most prominent is being constructed by Summerlin developer Howard Hughes Corp. in the form of a new, 14-story hotel.

Las Vegas Ballpark is a baseball stadium under construction in Summerlin, Nevada for the Las Vegas Aviators of the Triple-A Pacific Coast League. The stadium site is located near the intersection of South Town Center Drive and West Sahara Avenue. Construction of the $150 million stadium began in 2018 and is expected to be completed in time for the Aviators’ 2019 season. It will serve as a replacement for the team’s previous home at Cashman Field, where the team has resided since 1983.

Howard Hughes Corp. has recently submitted plans calling for a 267-room hotel to be built on a 4.3-acre lot south of the ballpark on Pavilion Center Drive, situated across from Summerlin Mall in Las Vegas’ downtown area. According to plans submitted to Clark County – whose commissioners still have to vote on the proposal – the hotel would include various amenities for guests, such as a restaurant bar and spa located on the roof.

The hotel, if approved and built, will allow residents and tourists accommodations that allow easy local access to places such as Downtown Summerlin, the City National Arena ice rink, Red Rock Resort – a 64-acre, 796-room hotel, which would be a competitor – and, of course, the Las Vegas Ballpark itself. 

The proposed hotel would not offer gambling on the premises and would strictly offer only rooms and spa/entertainment options for guests, which Howard Hughes Corp. representatives say there is a growing demand for in Las Vegas, especially in areas located near the suburbs. The smaller size and subsequent ease of access the hotel would provide when compared to competitors would also be appealing to families and those visiting relatives in Summerlin and other nearby communities, Howard Hughes Corp. reps said. In addition, those looking to stay in a quiet, non-gaming hotel, while having the option of being able to patronize gambling establishments nearby – such as the aforementioned Red Rock Resort – would also find the proposed hotel to be appealing.

Summerlin is a wealthy master-planned community in the Las Vegas Valley of Nevada, located near the Spring Mountains and Red Rock Canyon. It is part of Clark County, takes up approximately 22,500 acres of land, and boasts a current population of nearly 100,000 residents.

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 Awash in Sweeping, Ongoing Changes; Renovation, Construction, Business Investments

LAS VEGAS, NV – In the midst of a booming economy that is drawing in both businesses and tourists at a rate not seen in years, the famed city of Las Vegas has been experiencing sweeping changes in the form of rampant construction and renovation projects that seek to expand the scope of the city’s offerings – from business to pleasure and everything in-between – to an unprecedented degree. A number of venues related to industry event hosting have sprung up recently, with business travelers soon to be able to take advantage of the amenities of the state-of-the-art, luxury MGM Grand and Park MGM conference centers. The all-new, $130 million MGM Grand is due to open up by the end of 2018, and will feature 850,000 square feet of space spread among three stories; the remodeled Park MGM opened this past July, and boasts a number of high-tech meeting spaces. Meanwhile, the heavy-hitter of the online world – Google – is making a major investment in Vegas, with plans to open a new data center in Henderson, scheduled to open in 2020. The facility, which would support Google services in North America such as YouTube, Gmail, and more, will potentially create 50 jobs or more; Google plans on investing $600 million into the facility over the next two decades. Meanwhile, those visiting Las Vegas for pleasure as opposed to business have some new options for their stay as well; the Waldorf Astoria Las Vegas Hotel and Residences recently underwent a series of renovations and an overhaul to its design, and now features almost 400 guest rooms, 200 residences, and in contrast to many hotels in Vegas, does not offer gambling on the premises. The Palms is another property that is experiencing a complete makeover to all of their luxury suites, and MGM Resorts recently announced that they will be conducting regular and ongoing renovations and redesigns to all of their properties in Southern Nevada, both on the Las Vegas Strip and off in an effort to remain competitive in a very busy and congested marketplace. This degree of activity in Las Vegas is nothing new, but the overall scope and amount have reached a fever pitch in the last year due to the rebounding economy and real estate market in the region, following the housing bubble burst of the mid-2000’s that left the city in a financial slump for nearly a decade. But the recently-reinvigorated marketplace has proven to be attractive for big business as well as tourism, and local developers are taking notice…and sinking millions of dollars into modernizing the landscape of Vegas. If you are considering relocating to the Las Vegas area which is experiencing huge growth and a booming job market,  give us a call at 702.376.7379 so we can answer any real estate and tenant related questions you may have.

Las Vegas Wynn Golf Club to Re-Open in 2019 after Major Renovation Project

LAS VEGAS, NV –  The Wynn Golf Club in Las Vegas, closed since late 2017, is currently eyeing 2019 as a date for its grand re-opening, laying to rest previous plans that would have seen the high-end, 130-acre golf course torn down in favor of re-development.

Originally, Wynn Resorts’ vision for the property occupied by the Golf Club – which cost patrons upwards of a whopping $500 to play 18 holes – was a total bulldozing of the site to make way for all-new amenities to accompany the construction of an adjoining 400,000-square foot convention center. New features to be erected upon the property where the Golf Club once stood would have included a 38-acre lagoon, a hotel featuring over 1,000 rooms, a casino, and a beach that would have allowed attendees to engage in numerous water sports such as skiing and parasailing.

However, while work is going forward on the convention center – something that experts say Las Vegas needs more of as the city becomes home for a growing number of businesses during the current economic boom – Wynn Resorts officials have re-thought their idea at re-developing the Golf Club and have set the property to re-open nearly next year.

Part of the reasoning for Wynn Resorts’ decision is the purchase of a 38-acre plot piece of land next to the Las Vegas Strip that company heads note would be a superior location for the convention center amenities, paving the way to keep the Golf Club at its current location. In addition, Wynn Resorts’ has noted the loss of significant revenue that the Golf Club brought-in while open, and are interested in restoring that revenue as soon as possible.

Of course, some changes to the luxury course are slated to take place before that happens; some parts of the existing property have been impacted by construction efforts on the convention center and an overhaul/makeover to the Golf Club is in the works. Wynn Resorts has reached out to the original designer of the course to create an all-new 18-hole course that will be completed and ready to go in time for the convention center’s anticipated completion date in 12 to 18 months.

Already, design work on the new course is complete, with work recently commenced; Wynn Resorts officials note that the course will be restored and made available. The Wynn Golf Club has effectively dodged a bullet, experts say, as property values in Las Vegas at the moment are booming and developers are looking for any and every scrap they can find in order to construct the much-needed housing and business/industrial space that the city needs.

If you are considering moving to the Las Vegas area which is currently experiencing growth and a booming job market,  give us a call at 702.376.7379 so we can answer any real estate and tenant related questions you may have.

Approximately $17 Billion in Las Vegas Construction Projects Currently Ongoing

LAS VEGAS, NV – Development on new hotels and resorts in Las Vegas has reached a fever pitch in recent months, with reports noting that approximately $17 billion in projects are currently slated to be worked on from now until 2020; this will result in an estimated 14,000 new guest rooms – for a city-wide total of 160,000 – in entertainment and vacation establishments concentrating on the Las Vegas Strip area. This expansion is expected to greatly add to the City’s reputation as a one-of-a-kind, world-known destination that has clearly bounced back after the mid-2000’s recession.

One of the most notable new resorts is The Drew, a 68-story hotel slated to have almost 4,000 rooms, has its development being headed up by Marriott International. The project, currently under construction, is calling the former Fontainebleau Las Vegas tower home, an endeavor that was abandoned back when the recession hit but has recently been given a new lease on life. The Drew will offer space to host events, entertainment, and conventions, in addition to a retail space, numerous restaurants and bars, and a pool.

Next up is the Wynn West, a hotel that will be built upon a mid-Strip site that originally was to be the 38-acre home of New Frontier, another project that fell by the wayside during the recession. Wynn West is planned to have between 2,000 and 3,000 rooms and will feature a bridge over Las Vegas Boulevard for guests to utilize.

Close to Wynn West will be Paradise Park, a 25-acre development which will be situated on the previous location of the Desert Inn Golf Course. The 47-story Paradise Park will serve not only as a 1,500 room hotel resort with a boardwalk, beach, and lagoon, but also as a high-scale meeting and convention hall with state-of-the-art amenities.

Finally, the recent completion of Park MGM – a completely remade and re-imagined luxury-based take on the famed Monte Carlo casino hotel – features 2,700 rooms, swimming pools, a full casino, and much more, and is slated to open its doors for business this autumn.

However, hotels aren’t the only new additions to Las Vegas’ skyline in the near future- a variety of entertainment attractions are currently in the works as well. One of the most notable of these projects is the Sphere, a fantastical concert and entertainment complex housed within a mammoth LED shell with seating for 18,000, scheduled to open in time to ring in New Year’s in 2020.

Those seeking a thrill will be in luck, as MGM’s New York New York Hotel will be offering a new, virtual-reality Big Apple Roller Coaster; the LINQ Promenade will premiere the Fly LINQ zipline this year, an attraction that launches from the top of a 122-foot tall tower; and the MGM Grand will debut the Zombie Apocalypse virtual reality experience, a 30-minute entertainment complex that allows guests to battle with the undead.

With Las Vegas seeing an unparalleled and unprecedented degree of construction relating to the rejuvenated tourism and entertainment trade, the fact that the city is back on the map – in terms of tourism, economy, real estate, and more – is one that cannot be disputed.

If you are considering investing in or around the Las Vegas area, which clearly is experiencing huge growth and a booming job market,  give us a call at 702.376.7379 so we can answer any real estate and tenant related questions you may have.

North Las Vegas Becoming Hotbed of Real Estate Development, Business Opportunities

LAS VEGAS, NV – With the post-recession boom currently occurring in Las Vegas as a whole, the real estate market and business industries are feeling the positive effects of this development more than they have in years. But recently, North Vegas in particular – the region hit hardest by the recession – has been coming to the forefront of development efforts now that the nation’s economic woes appear to be fading into the past, and is currently one of the fastest-growing communities in the United States.

Local North Vegas officials have recently been making waves that their city is ready to turn up the heat, so to speak, and are interested in devoting ample resources to increase the amount of housing and commercial properties within their borders. With land available that sat literally unused after the burst of the housing bubble in the mid-2000’s, city officials are looking to finally capitalize on the vast potential for development that North Las Vegas displayed prior to the recession.

Currently, numerous high-profile conglomerates and corporations are setting their sights upon North Vegas, opening up the promise of increased availability of well-paying jobs that, in turn, will spur on housing development in anticipation of new hires moving to the area. In particular, internet retail giant Amazon will be constructing an massive, 2.5 million square-foot fulfillment center that promises well over 1,000 full-time positions when it opens doors for business at the tail end of 2019. That alone will be more than enough to put North Vegas on the map in a serious way, but it’s actually only the tip of the iceberg in terms of what’s to come.

Another company setting up shop in North Vegas is noted cosmetics company Sephora, who will be building a distribution center coming in at over 700,000 square feet that is also slated to open in 2019; the establishment is expected to add yet another 400 jobs once it gets fully up to speed.

In addition, according to city officials, additional businesses have already opened up in recent months, including medical clinics, restaurants, and retail, and a potential master-planned community is currently in the works, although details are currently not available for that project.

North Las Vegas Mayor John Lee noted that the main goal of his administration is to help promote his city as a destination for business and real estate development, and to put North Vegas back on the lofty path it was set to traverse before the recession hit the nation.

“My thing is to change the reputation of North Las Vegas,” he said. “Fifty percent of North Las Vegas hasn’t been built out yet, but people think it’s the same North Las Vegas that it was 20 years ago. Now we’re going to take it to the next level.”

If you are considering investing in or around the Las Vegas area, which clearly is experiencing huge growth and a booming job market,  give us a call at 702.376.7379 so we can answer any real estate and tenant related questions you may have.

City Seeking Permission for 24/7 Construction on Las Vegas Convention Center Expansion

LAS VEGAS, NV – The Las Vegas Convention and Visitors Authority has filed a rezoning request and noise ordinance waiver with the Clark County Board of County Commissioners as part of their plan to accelerate progress on the Las Vegas Convention Center expansion, a project that officials say is vital as the current facility is at maximum capacity.

If the Convention and Visitors Authority have their way, construction on the $1.4 billion project would be carried out 24 hours a day, seven days a week. This would include from 10 p.m. to 6 a.m., a period of time during which work is usually not allowed due to the impact of noise upon the local populace.

The expansion is slated to add 1.44 million square feet of space to the convention center, which will be built upon the adjacent property of the former Riviera and Landmark hotels. As of now, the project is expected to be finished by the close of 2020, with the goal being to host the 2021 International Consumer Electronics Show, an annual event scheduled to take place in January of 2021.

In its current form, Convention and Visitors Authority members stated, the convention center is unable to grow and evolve to better serve the may trade shows, conventions, and special events that take place in Las Vegas on a regular basis. Given the increased growth in the local economy and job market in the last few years, more and more exhibitors are seeking out the city to hold events, and due to that fact, the convention center desperately needs to expand in order to meet the ongoing demand.

The expanded facilities of the convention center will take the form of a three-story building with the first floor encompassing exhibition halls, a main lobby, a food court, kitchen, office space, and storage; the remaining two floors will house meeting and conference rooms, support spaces, and roof-based 25,000-square-foot outdoor terrace that can host a number of different events, a feature that members of the Convention and Visitors Authority are reportedly quite excited about.

The expansion is also subject to a Federal Aviation Administration review to ensure that its proposed height does not interfere with air traffic in and out of McCarran International Airport. Other uses for the expanded convention center are to include food carts, restaurant and bar facilities, and retail sales, as well as live entertainment, among other uses.

If you are considering relocating in or around the Las Vegas area, which clearly is experiencing huge growth and a booming job market,  give us a call at 702.376.7379 so we can answer any real estate and home relocation questions you may have.