• Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Blog Home
  • Topics
    • Keystone Press Releases
    • Politics and Government
    • Legislation
    • Nevada News
    • Tourism & Gaming
    • Rural Nevada
    • Business
    • Opinion
  • Membership
  • Contact Us
  • About Keystone Nevada

Keystone Nevada Korner

Welcome to The Keystone Korner The Official Blog of Keystone Nevada

Home » More luxury apartments coming to downtown Las Vegas

More luxury apartments coming to downtown Las Vegas

April 20, 2022 by Pauline Lee

by Eli Segall, Las Vegas Review-Journal, April 19, 2022

After opening an upscale rental complex in Las Vegas’ Symphony Park last year, a Nashville developer is pushing ahead with plans for more apartment construction in the downtown area.

Southern Land Co. expects to begin site work this fall on its next apartment project in Symphony Park, company spokeswoman Jenna Lefever told the Review-Journal last week.

Plans call for more than 500 units spread among a five-story building and a 22-story tower, according to Tracy Reich, the city’s redevelopment manager. Lefever indicated that the smaller building would start first and that site work for the high-rise would begin in about a year.

Additionally, the City Council last month approved the developer’s plans for a 335-unit apartment complex at the intersection of California Avenue and Third Street in Las Vegas’ Arts District.

Lefever did not say when the company would break ground on that one.

The Arts District project site is mostly vacant land but includes a shuttered commercial building that, when a Review-Journal reporter visited last week, had broken windows, graffiti and a homeless person lying down inside.

After facing questions and chaos when the pandemic hit, Southern Nevada’s rental market heated up over the past year as people looked for more space amid widespread work-from-home arrangements. Developers are building more apartment complexes in the valley, tenants have faced fast-rising rents and rental properties have sold for increased values.

Apartment construction has been heavily concentrated in the suburban outer rings over the past several years, though a small but growing number of urban-area projects have also taken shape, including in downtown Las Vegas.

Reich, the redevelopment manager, said the city is “starting to see momentum” of people wanting to live downtown, and more residents there means more services can be drawn to the area.

“It just helps overall with the vibrancy of the downtown,” she said.

Lefever said in an email that Southern Land is building more apartments “​​to help meet a need and offer dynamic, luxury residential options in areas of Las Vegas that we anticipate will only continue to transform and thrive.”

Its new project in Symphony Park is next to Auric, a 324-unit rental complex it developed that boasts a resort-style pool area, a resident lounge with bar, and concierge service.

Auric is about 70 percent leased, Lefever said.

She also said that the company is “aware of unhoused individuals residing” at its Arts District property and that it is working with “appropriate groups … to properly assist them in the short-term.”

She indicated that demolition of the building is expected to start within the next few weeks.

Contact Eli Segall at [email protected] or 702-383-0342. Follow @eli_segall on Twitter.

Filed Under: Business Tagged With: Arts District apartments, Las Vegas City Council, Southern Land Co., Symphony Park

Primary Sidebar

Connect with Us

  • Facebook
  • Instagram
  • LinkedIn
  • Twitter
Bootleg Bistro
Bootleg Bistro Ad
SLLC_Keystone_Blog-Ad_300x500_10%-Off-Repairs_05.19.21
CIOServices Ad 300x500-100
BRH Keystone Ad JPEG
Willow_Manor
Keystone Corporation Nevada

News Topics

  • Keystone Press Releases
  • Politics and Government
  • Legislation
  • Nevada News
  • Tourism & Gaming
  • Rural Nevada
  • Business
  • Opinion

Rural Nevada

UPS and AVK America plan to expand in Douglas County

March 19, 2023 By Courtney Holland

Staff Reports for The Record Courier, March 17, 2023 United Parcel Service plans to build a new 168,000 square foot building in Douglas County, … [Read More...] about UPS and AVK America plan to expand in Douglas County

Redwood Materials gets $2 billion federal loan for mega battery facility near Reno

February 12, 2023 By Pauline Lee

by Jason Hidalgo, Reno Gazette-Journal, February 9, 2023 Redwood Materials just secured a commitment from the federal government for a $2 billion … [Read More...] about Redwood Materials gets $2 billion federal loan for mega battery facility near Reno

LETTER: Voting by conscience or from pocketbook?

January 31, 2023 By vrobison

Not everyone enjoys or is interested in politics, but given the number of retirees in the Moapa and Virgin Valleys, I would imagine there is … [Read More...] about LETTER: Voting by conscience or from pocketbook?

Amodei picked as chair for appropriations subcommittee

January 29, 2023 By The Ely Times

Nevada Representative Mark Amodei was appointed to serve as the Chairman of the Legislative Branch Subcommittee on the U.S. House Committee on … [Read More...] about Amodei picked as chair for appropriations subcommittee

Opinion

Hypocrite Biden blocks mineral mining his clean-energy goals require

March 24, 2023 By Pauline Lee

by Carrie Sheffield, New York Post, March 22, 2023 President Joe Biden claims he wants America to lead in “clean energy” production, but he’s again … [Read More...] about Hypocrite Biden blocks mineral mining his clean-energy goals require

OPINION: The ‘Green Amendment’ is well-intended — but that’s not enough

March 19, 2023 By Courtney Holland

By David Colborne, The Nevada Independent, March 19th, 2023 Supporters of AJR3, also known as the “Green Amendment,” want to protect Nevada’s … [Read More...] about OPINION: The ‘Green Amendment’ is well-intended — but that’s not enough

EDITORIAL: Property tax bill deserves a quick trip to the shredder

March 16, 2023 By Courtney Holland

Neal bill would drop the cap, impose a floor. By Las Vegas Review-Journal Editorial Board, March 15, 2023 The benefit of competitive political … [Read More...] about EDITORIAL: Property tax bill deserves a quick trip to the shredder

Tags

Adam Laxalt am post Build Back Better Business Business Columns Casinos & Gaming Catherine Cortez Masto Clark County Clark County School District Conventions COVID Department of Employment Training and Rehabilitation (DETR) Editorials Education employment Gov. Joe Lombardo Gov. Steve Sisolak Governor's Office of Economic Development (GOED) Housing inflation Inside Gaming Joe Lombardo Local Local Las Vegas Local Nevada lvcva mc-business mc-local mc-news mc-opinion mc-sports Nevada News NPRI Opinion Opinion Columns PAID pandemic Politics and Government Real Estate Insider Roe v. Wade Sports The Strip tourism Victor Joecks

Footer

Copyright © 2023 · Keystone Corporation - All Rights Reserved · Log in
Privacy Policy
By accessing this site, you are agreeing to our Terms of Use

The views, opinions and conclusions expressed by the authors of any article or post on the Keystone Korner are those of the author and do not necessarily reflect the opinions of Keystone Corporation or its officers and board members. Moreover, any reference to a person, party, product or entity does not constitute an endorsement or recommendation by Keystone Corporation or its officers and board members.