Las Vegas New Construction & Proposed Multifamily Projects 1Q20
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Las Vegas New Construction & Proposed Multifamily Projects 1Q20 40 39 25 23 4 50 24 26 21 51 ID PROPERTY UNITS 4 Rome Pines 176 Total Lease Up 176 21 LV Maule LLC 344 23 Elysian at Centennial 306 24 Grand Canyon Shopping Center residential 60 52 25 Montecito 491 27 26 Vue at Centennial Phase III 314 27 Crystal Park 136 41 43 Total Planned 1,651 53 39 Valley Vista 364 40 Villages at Centennial Springs 154 41 Elysian at Buffalo 220 43 Rancho & Decatur 738 50 East Deer Springs Way & Losee Road 304 51 Shadow Hills 64 52 Vegas Trade Village 264 53 East Carey Avenue & North Pecos Road 118 Total Prospective 2,226 1 mi Source: Yardi Matrix LEGEND Lease-Up Under Construction Planned Prospective Las Vegas New Construction & Proposed Multifamily Projects 1Q20 9 28 7 42 10 46 45 49 44 47 18 29 ID PROPERTY UNITS 48 7 Auric 324 9 Aspen Heights 290 10 Elysian at Tivoli 359 13 Elysian at the Palms 285 14 Twain 287 66 16 Elysian at Hughes Center 368 18 shareDOWNTOWN 63 Total Under Construction 1,976 28 Meadows, The 334 29 Bel Village Las Vegas 513 31 Royal Crest 300 70 31 Total Planned 1,147 14 16 42 Decatur and Alta 480 44 Avante Lofts 260 45 Downtown 57 219 13 46 Downtown 57 Phase II 250 68 47 Huntridge Theater Redevelopment 50 48 Live201 117 49 Midtown - Downtown 478 66 Palms Redevelopment, The 1,480 68 U District Phases II & III 364 69 69 Cameron Street & Tropicana Avenue 293 70 Polaris Avenue & Spring Mountain Road 471 Total Prospective 4,462 2000 ft Source: Yardi Matrix LEGEND Lease-Up Under Construction Planned Prospective Las Vegas New Construction & Proposed Multifamily Projects 1Q20 3 75 33 76 17 ID PROPERTY UNITS 15 3 Eden Phase II 128 73 Total Lease Up 128 8 Level 25 at Sunset 260 8 11 KAKTUSlife @the curve 356 32 34 20 15 Level 25 at Oquendo Phase II 59 74 35 17 Pace 190 11 Total Under Construction 865 80 20 2one5 – Phase II 124 84 32 Abode - Buffalo Sunset, The 418 33 Ely at Fort Apache 206 34 Elysian at Sunset 384 35 UnCommons 875 Total Planned 2,007 73 Betty's Village 70 74 Martin Avenue 332 75 Tropicana Avenue Senior 182 76 West Hacienda Avenue & South Riley St 181 85 80 Ely at Rainbow 271 84 Warmington 320 85 South Fort Apache Road & West Wigwam Avenue 160 Total Prospective 1,516 2000 ft Source: Yardi Matrix LEGEND Lease-Up Under Construction Planned Prospective Las Vegas New Construction & Proposed Multifamily Projects 1Q20 ID PROPERTY UNITS 1 Revolution 340 2 Aspire at Sunridge Heights 285 Total Lease Up 625 5 SUR 702 316 77 6 Life Time Living Green Valley 148 19 Tuscan Highlands 304 Total Under Construction 768 67 78 64 5 72 86 22 LV Amigo LLC 374 79 6 36 Alta Southern Highlands 232 83 37 Arch, The 754 38 Neal Avenue Lofts Phase I 193 Total Planned 1,553 61 Amigo & Larson 132 37 2 62 Aspen Heights Henderson 312 81 82 63 Broadstone Avina 187 38 64 Pebble Road and Eastern Avenue 195 71 67 Park at 3900, The 400 1 71 Bermuda and St. Rose 219 36 72 East Ford Avenue & South Maryland Pkwy 100 62 77 8090 Giles Street 235 19 61 22 78 Blue Diamond Road & South Lindell Road 320 79 Blue Diamond Road & South 92 Quarterhorse Lane 63 81 Gilespie Street & East Starr Avenue 220 82 Neal Avenue Lofts Phase II 382 83 Silverado Ranch Blvd 68 86 LV Rainbow LLC 360 Total Prospective 3,222 1 mi Source: Yardi Matrix LEGEND Lease-Up Under Construction Planned Prospective Las Vegas New Construction & Proposed Multifamily Projects 1Q20 12 55 59 57 65 56 30 54 58 ID PROPERTY UNITS 12 Aviary, The 330 Total Under Construction 330 30 Summit on Boulder Highway, The 144 Total Planned 144 60 54 27 Lofts 85 55 Aspen Peak Phase II 50 56 Bella Vista 120 57 Henderson Star 50 58 Juniper Trails 302 59 South Mountain Vista Street & Olympic Ave 392 60 Waverly 254 65 Wigwam Lofts 350 Total Prospective 1,603 1 mi Source: Yardi Matrix LEGEND Lease-Up Under Construction Planned Prospective Las Vegas New Construction and Proposed Multifamily Projects PERMIT FORECASTED START OF ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET DATE COMPLETION DATE RENT-UP 1 Revolution 12215 Gilespie Street Henderson NV 89044 Lease-Up 340 Enterprise 05/15/2018 05/31/2020 10/02/2019 2 Aspire at Sunridge Heights 3161 Sunridge Heights Pkwy Henderson NV 89052 Lease-Up 285 Henderson West 07/01/2018 05/31/2020 09/09/2019 Summerlin / Blue 3 Eden Phase II 4350 South Hualapai Way Las Vegas NV 89147 Lease-Up 128 Diamond 07/15/2018 04/30/2020 08/01/2019 4 Rome Pines 140 East Rome Blvd North Las Vegas NV 89084 Lease-Up 176 North Las Vegas West 12/31/2018 04/30/2020 07/27/2019 Total Lease-Up 929 5 SUR 702 S Torrey Pines Dr & Blue Diamond Rd Las Vegas NV 89139 Under Construction 316 Enterprise 05/31/2020 6 Life Time Living Green Valley 121 Carnegie Street Henderson NV 89052 Under Construction 148 Henderson West 10/01/2019 02/28/2022 7 Auric 251 South City Pkwy Las Vegas NV 89106 Under Construction 324 South Las Vegas 09/30/2019 01/31/2022 8 Level 25 at Sunset 8251 West Sunset Road Las Vegas NV 89113 Under Construction 260 Spring Valley West 11/01/2019 01/31/2022 South City Pkwy & West Ogden 9 Aspen Heights Avenue Las Vegas NV 89101 Under Construction 290 South Las Vegas 10/01/2019 10/31/2021 10 Elysian at Tivoli Alta Drive & South Rampart Blvd Las Vegas NV 89145 Under Construction 359 Las Vegas Central 03/19/2020 08/31/2021 11 KAKTUSlife @the curve 8030 West Maule Avenue Las Vegas NV 89113 Under Construction 356 Spring Valley West 12/15/2018 08/31/2021 12 Aviary, The 1070 Wellness Place Henderson NV 89011 Under Construction 330 Henderson East 07/15/2018 04/30/2021 13 Elysian at the Palms 3833 West Flamingo Road Las Vegas NV 89103 Under Construction 285 Bracken 10/31/2019 04/30/2021 14 Twain 3150 West Twain Avenue Las Vegas NV 89102 Under Construction 287 Bracken 06/01/2019 04/30/2021 15 Level 25 at Oquendo Phase II 9005 West Oquendo Road Las Vegas NV 89148 Under Construction 59 Spring Valley West 03/18/2020 03/31/2021 16 Elysian at Hughes Center 3786 Howard Hughes Pkwy Paradise NV 89119 Under Construction 368 Las Vegas Strip 08/07/2019 12/31/2020 17 Pace 9314 West Russell Road Las Vegas NV 89148 Under Construction 190 Spring Valley West 08/01/2018 06/30/2020 18 shareDOWNTOWN 1300 South Casino Center Blvd Las Vegas NV 89104 Under Construction 63 Downtown Las Vegas 09/15/2019 05/31/2020 19 Tuscan Highlands 12656 Southern Highlands Pkwy Las Vegas NV 89141 Under Construction 304 Enterprise 07/09/2019 Total Under Construction 3,939 20 2one5 – Phase II 7960 Rafael Rivera Way Las Vegas NV 89113 Planned 124 Spring Valley West 21 LV Maule LLC SW Corner of I-215 and S Buffalo Dr Las Vegas NV 89113 Planned 344 Spring Valley West 22 LV Amigo LLC Amigo St & Volunteer Blvd, Henderson Las Vegas NV 89044 Planned 374 Henderson West NEC West Deer Springs Way & Oso 23 Elysian at Centennial Blanca Road Las Vegas NV 89149 Planned 306 Las Vegas NW Grand Canyon Shopping Center 24 residential 10544 West Centennial Pkwy Las Vegas NV 89149 Planned 60 Las Vegas NW West Deer Springs Way & Grand 25 Montecito Montecito Pkwy Las Vegas NV 89149 Planned 491 Las Vegas NW 26 Vue at Centennial Phase III 7350 West Centennial Pkwy Las Vegas NV 89131 Planned 314 Las Vegas NW 27 Crystal Park 3000 Michael Way Las Vegas NV 89108 Planned 136 Las Vegas Central 28 Meadows, The 4490 Meadows Lane Las Vegas NV 89107 Planned 334 South Las Vegas 29 Bel Village Las Vegas 1211 South 3rd Street Las Vegas NV 89104 Planned 513 Downtown Las Vegas 30 Summit on Boulder Highway, The Frontage Road & Pioneer Street Henderson NV 89015 Planned 144 Henderson East 31 Royal Crest 602 North Royal Crest Circle Las Vegas NV 89169 Planned 300 Las Vegas Strip SEC South Buffalo Drive & West 32 Abode - Buffalo Sunset, The Sunset Road Spring Valley NV 89113 Planned 418 Spring Valley West Source: Yardi Matrix Yardi Source: Las Vegas New Construction and Proposed Multifamily Projects PERMIT FORECASTED START OF ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET DATE COMPLETION DATE RENT-UP 33 Ely at Fort Apache 5065 South Fort Apache Road Las Vegas NV 89148 Planned 206 Spring Valley West 34 Elysian at Sunset 8146 Rafael Rivera Way Las Vegas NV 89113 Planned 384 Spring Valley West 35 UnCommons SEC Durango Drive and Roy Horn Way Spring Valley NV 89113 Planned 875 Spring Valley West NWC Interstate 15 & Robert Trent 36 Alta Southern Highlands Jones Lane Las Vegas NV 89141 Planned 232 Enterprise 37 Arch, The 11055 South Las Vegas Blvd Las Vegas NV 89183 Planned 754 Enterprise SWC Las Vegas Blvd South & West Neal 38 Neal Avenue Lofts Phase I Avenue Las Vegas NV 89183 Planned 193 Enterprise Total Planned 6,502 39 Valley Vista North Decatur Blvd & Farm Road Las Vegas NV 89131 Prospective 364 Las Vegas NW 40 Villages at Centennial Springs Farm Road & Tule Springs Road Las Vegas NV 89143 Prospective 154 Las Vegas NW North Buffalo Drive & Trinity Peak 41 Elysian at Buffalo Avenue Las Vegas NV 89128 Prospective 220 Las Vegas Central 42 Decatur and Alta Alta Drive & S Decatur Blvd Las Vegas NV 89107 Prospective 480 South Las Vegas North Rancho Drive & West Smoke 43 Rancho & Decatur Ranch Road North Las Vegas NV 89032 Prospective 738 South Las Vegas 44 Avante Lofts 824 South 6th Street Las Vegas NV 89101 Prospective 260 Downtown Las Vegas 45 Downtown 57 324 South Maryland Pkwy Las Vegas NV 89101 Prospective 219 Downtown Las Vegas 46 Downtown 57 Phase II 1020 Lewis Avenue Las Vegas NV 89101 Prospective 250 Downtown Las Vegas 47 Huntridge Theater Redevelopment 1208 East Charleston Blvd Las Vegas NV 89104 Prospective 50 Downtown Las Vegas 48 Live201 201 East Utah Avenue Las Vegas NV 89104 Prospective 117 Downtown Las Vegas 49 Midtown - Downtown 900 South Casino