Las Vegas New Construction & Proposed Multifamily Projects 2Q20
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Las Vegas New Construction & Proposed Multifamily Projects 2Q20 1 54 59 57 56 ID PROPERTY UNITS 1 The Aviary 330 Total Lease Up 330 65 6 Life Time Living Green Valley 148 55 73 Total Under Construction 148 28 64 53 28 The Summit on Boulder Highway 144 6 58 Total Planned 144 53 27 Lofts 85 54 Aspen Peak Phase II 50 55 Bella Vista 120 56 Galleria & McCormick 223 57 Henderson Star 50 60 58 Juniper Trails 302 59 South Mountain Vista Street & 392 Olympic Avenue 60 Waverly 254 64 Pebble Road and Eastern Avenue 195 65 Wigwam Lofts 350 73 East Ford Avenue & 100 South Maryland Pkwy Total Prospective 2,121 1 mi Source: Yardi Matrix LEGEND Lease-Up Under Construction Planned Prospective Las Vegas New Construction & Proposed Multifamily Projects 2Q20 84 88 ID PROPERTY UNITS 5 Revolution 340 Total Lease Up 340 81 16 SUR702 316 89 17 Tuscan Highlands 304 82 20 LV Amigo LLC 374 16 Total Under Construction 994 92 83 35 Alta Southern Highlands 232 87 36 The Arch 754 37 Neal Avenue Lofts Phase I 193 Total Planned 1,179 61 Amigo & Larson 132 62 Aspen Heights Henderson 312 36 63 Broadstone Avina 187 85 37 72 Bermuda and St. Rose 219 86 72 81 8090 Giles Street 235 82 Blue Diamond Road & 320 South Lindell Road 35 5 83 Blue Diamond Road & 92 South Quarterhorse Lane 61 62 84 Ely at Rainbow 271 17 20 85 Gilespie Street & East Starr Avenue 220 86 Neal Avenue Lofts Phase II 382 87 Silverado Ranch Blvd 68 88 Warmington 320 63 89 South Fort Apache Road & 160 West Wigwam Avenue 92 LV Rainbow LLC 360 Total Prospective 3,278 1 mi Source: Yardi Matrix LEGEND Lease-Up Under Construction Planned Prospective Las Vegas New Construction & Proposed Multifamily Projects 2Q20 26 9 7 45 44 43 48 42 ID PROPERTY UNITS 27 46 2 shareDOWNTOWN 63 2 Total Lease Up 63 47 7 Auric 324 9 Aspen Heights 290 11 Elysian at the Palms 285 12 Twain 287 15 Elysian at Hughes Center 368 66 Total Under Construction 1,554 26 The Meadows 334 27 Bel Village Las Vegas 513 29 Royal Crest 300 Total Planned 1,147 42 Avante Lofts 260 71 29 43 Downtown 57 219 44 Downtown 57 Phase II 250 12 15 45 Downtown at 11th 84 46 Huntridge Theater Redevelopment 50 68 47 Live201 117 48 Midtown - Downtown 478 11 66 The Palms Redevelopment 1,480 69 67 Channel 10 Drive 72 67 68 The Park at 3900 400 69 U District Phases II & III 364 71 Polaris Avenue & Spring Mountain Road 471 Total Prospective 4,245 2000 ft Source: Yardi Matrix LEGEND Lease-Up Under Construction Planned Prospective Las Vegas New Construction & Proposed Multifamily Projects 2Q20 77 4 ID PROPERTY UNITS 3 Pace 192 4 Eden Phase II 128 Total Lease Up 320 78 8 Level 25 at Sunset 260 31 13 Level 25 at Oquendo Phase II 59 14 Tesora Phase II 92 18 2one5 – Phase II 124 80 Total Under Construction 535 30 The Abode - Buffalo Sunset 418 3 31 Ely at Fort Apache 206 32 Elysian at Sunset 384 33 KAKTUSlife @the curve 356 13 34 Sunset Road 326 74 Total Planned 1,690 14 74 Betty's Village 70 75 KAKTUSlife @the curve Phase II 258 34 8 30 76 Martin Avenue 332 18 77 Resort Lofts 160 76 32 78 Tropicana Avenue Senior 174 79 75 79 UnCommons 875 33 80 West Hacienda Avenue & 181 South Riley Street Total Prospective 2,050 2000 ft Source: Yardi Matrix LEGEND Lease-Up Under Construction Planned Prospective Las Vegas New Construction & Proposed Multifamily Projects 2Q20 39 38 21 23 91 49 22 24 19 50 ID PROPERTY UNITS 10 Elysian at Tivoli 359 19 LV Maule LLC 344 Total Under Construction 703 51 25 21 Elysian at Centennial 306 40 41 52 22 Grand Canyon Shopping 60 Center Residential 23 Montecito 491 24 Vue at Centennial Phase III 314 90 25 Crystal Park 136 Total Planned 1,307 10 38 Valley Vista 364 39 Villages at Centennial Springs 154 40 Elysian at Buffalo 220 41 Rancho & Decatur 738 49 East Deer Springs Way & Losee Road 304 50 Shadow Hills 64 51 Vegas Trade Village 264 70 52 East Carey Avenue & 118 North Pecos Road 70 Cameron Street & Tropicana Avenue 293 90 Eastern Land Senior 60 91 Rome South 150 Total Prospective 2,729 1 mi Source: Yardi Matrix LEGEND Lease-Up Under Construction Planned Prospective Las Vegas New Construction & Proposed Multifamily Projects PERMIT FORECASTED START OF ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET DATE COMPLETION DATE RENT-UP 1 The Aviary 1070 Wellness Place Henderson NV 89011 Lease-Up 330 Henderson East 07/15/2018 04/30/2021 06/22/2020 2 shareDOWNTOWN 1300 South Casino Center Blvd Las Vegas NV 89104 Lease-Up 63 Downtown Las Vegas 09/15/2019 08/31/2020 06/05/2020 3 Pace 9314 West Russell Road Las Vegas NV 89148 Lease-Up 192 Spring Valley West 08/01/2018 08/31/2020 05/01/2020 Summerlin / 4 Eden Phase II 4350 South Hualapai Way Las Vegas NV 89147 Lease-Up 128 Blue Diamond 07/15/2018 08/31/2020 08/01/2019 5 Revolution 12215 Gilespie Street Henderson NV 89044 Lease-Up 340 Enterprise 05/15/2018 07/31/2020 10/02/2019 Total Lease-Up 1,053 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 & 9 Aspen Heights West Ogden 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 Elysian at the Palms 3850 West Nevso Drive Las Vegas NV 89103 Under Construction 285 Bracken 10/31/2019 04/30/2021 12 Twain 3150 West Twain Avenue Las Vegas NV 89102 Under Construction 287 Bracken 06/01/2019 04/30/2021 13 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 14 Tesora Phase II 9455 West Post Road Las Vegas NV 89148 Under Construction 92 Spring Valley West 02/01/2020 03/31/2021 15 Elysian at Hughes Center 3786 Howard Hughes Pkwy Paradise NV 89169 Under Construction 368 Las Vegas Strip 08/07/2019 12/31/2020 16 SUR702 6614 Blue Diamond Road Las Vegas NV 89139 Under Construction 316 Enterprise 8/31/2020 17 Tuscan Highlands 12656 Southern Highlands Pkwy Las Vegas NV 89141 Under Construction 304 Enterprise 07/09/2019 18 2one5 – Phase II 7960 Rafael Rivera Way Las Vegas NV 89113 Under Construction 124 Spring Valley West 19 LV Maule LLC SW Corner of I-215 and S Buffalo Drive Las Vegas NV 89113 Under Construction 344 Spring Valley West 20 LV Amigo LLC Amigo St & Volunteer Blvd Henderson NV 89044 Under Construction 374 Henderson West Total Under Construction 3,934 NEC West Deer Springs Way & 21 Elysian at Centennial Oso Blanca Road Las Vegas NV 89149 Planned 306 Las Vegas NW Grand Canyon Shopping 22 Center Residential 10544 West Centennial Pkwy Las Vegas NV 89149 Planned 60 Las Vegas NW West Deer Springs Way & 23 Montecito Grand Montecito Pkwy Las Vegas NV 89149 Planned 491 Las Vegas NW 24 Vue at Centennial Phase III 7350 West Centennial Pkwy Las Vegas NV 89131 Planned 314 Las Vegas NW 25 Crystal Park 3000 Michael Way Las Vegas NV 89108 Planned 136 Las Vegas Central 26 The Meadows 4490 Meadows Lane Las Vegas NV 89107 Planned 334 South Las Vegas 27 Bel Village Las Vegas 1211 South 3rd Street Las Vegas NV 89104 Planned 513 Downtown Las Vegas 28 The Summit on Boulder Highway Frontage Road & Pioneer Street Henderson NV 89015 Planned 144 Henderson East 29 Royal Crest 602 North Royal Crest Circle Las Vegas NV 89169 Planned 300 Las Vegas Strip 30 The Abode - Buffalo Sunset SEC South Buffalo Drive & West Sunset Road Spring Valley NV 89113 Planned 418 Spring Valley West 31 Ely at Fort Apache 5065 South Fort Apache Road Las Vegas NV 89148 Planned 206 Spring Valley West 32 Elysian at Sunset 8146 Rafael Rivera Way Las Vegas NV 89113 Planned 384 Spring Valley West Source: Yardi Matrix Yardi Source: Las Vegas New Construction & Proposed Multifamily Projects PERMIT FORECASTED START OF ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET DATE COMPLETION DATE RENT-UP 33 KAKTUSlife @the curve 8030 West Maule Avenue Las Vegas NV 89113 Planned 356 Spring Valley West 34 Sunset Road 9171 West Sunset Road Las Vegas NV 89148 Planned 326 Spring Valley West 35 Alta Southern Highlands NWC Interstate 15 & Robert Trent Jones Lane Las Vegas NV 89141 Planned 232 Enterprise 36 The Arch 11055 South Las Vegas Blvd Las Vegas NV 89183 Planned 754 Enterprise SWC Las Vegas Blvd South & 37 Neal Avenue Lofts Phase I West Neal Avenue Las Vegas NV 89183 Planned 193 Enterprise Total Planned 5,467 38 Valley Vista North Decatur Blvd & Farm Road Las Vegas NV 89131 Prospective 364 Las Vegas NW 39 Villages at Centennial Springs Farm Road & Tule Springs Road Las Vegas NV 89143 Prospective 154 Las Vegas NW 40 Elysian at Buffalo North Buffalo Drive & Trinity Peak Avenue Las Vegas NV 89128 Prospective 220 Las Vegas Central North Rancho Drive & 41 Rancho & Decatur West Smoke Ranch Road North Las Vegas NV 89032 Prospective 738 South Las Vegas 42 Avante Lofts 824 South 6th Street Las Vegas NV 89101 Prospective 260 Downtown Las Vegas 43 Downtown 57 324 South Maryland Pkwy Las Vegas NV 89101 Prospective 219 Downtown Las Vegas 44 Downtown 57 Phase II 1020 Lewis Avenue Las Vegas NV 89101 Prospective 250 Downtown Las Vegas 45 Downtown at 11th 231 North 11th Street Las Vegas NV 89101 Prospective 84 Downtown Las Vegas 46 Huntridge Theater Redevelopment 1208 East Charleston Blvd Las Vegas NV 89104 Prospective 50 Downtown Las Vegas 47 Live201 201 East Utah Avenue Las Vegas NV 89104 Prospective 117 Downtown Las Vegas 48 Midtown - Downtown