LARGEST QUALIFIED OPPORTUNITY ZONE MULTIFAMILY …€¦ · DEVIN LEE, CCIM Director MF ... 2 Story...
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LARGEST QUALIFIED OPPORTUNITY ZONE MULTIFAMILY DEVELOPMENT IN DOWNTOWN LAS VEGAS 2.67 ACRES IN ARTS DISTRICT • FULLY-ENTITLED KEY INVESTMENT HIGHLIGHTS RETAIL SPACE: 13,813 SF PARKING SPACES: 531 OVERVIEW PROPERTY INFORMATION 1. Qualified Opportunity Zone 2. Entitlements for 501 Apartment Units 3. Largest Land Assemblage in Art’s District 4. Strong Demographics & Rental Rate Trends Rare opportunity to own 2.67-acres in downtown Las Vegas’ booming Art’s District. The site will be delivered with entitlements for 501 apartment units, 531 parking stalls and 13,813 SF of retail. The site is located in a Qualified Opportunity Zone opening the door to a lot more investors looking to maximize the benefits of the program. The City of Las Vegas recently amended their building code to allow mid-rise developments to go up to 75’ allowing maximum density with minimal costs. • Qualified Opportunity Zone Development meets all timeline requirements. • Property will be delivered with entitlements allowing construction to begin rapidly. • High-density, urban in-fill development in booming Art’s District. • One of only a couple truly walkable neighborhoods in the valley. • High demand neighborhood for housing with zero existing inventory. • Directly between valley’s largest employment centers (Downtown and The Strip) • City of Las Vegas has poured millions into the district improving streets and walkways. • Across the street from City’s new 3rd Street Linear Park (under construction) 5. Highly Amenitized and Walkable Art’s District 6. Highest Demand Neighborhood with Zero Existing Inventory 7. Close to Large Employment Centers (Downtown and The Strip) 8. Along Charleston Boulevard (35k Cars Per Day) DOWNTOWN WEST CASHMAN RESORT & CASINO CIVIC & BUSINESS FOUNDERS DESIGN 18B LAS VEGAS ARTS SYMPHONY PARK MARKET CORRIDOR LAS VEGAS MEDICAL NORTHERN STRIP GTEWAY FREMONT EAST ENTERTAINMENT 95 15 PRICE REDUCED! $15,950,000 Address: 300, 320, & 330 E. Charleston Blvd, Las Vegas, NV 89104 APNs: 162 - 03 - 115 - 001 162 - 03 - 115 - 002 Entitlements: 501 Units Gross Acreage: 2.67 Zoning: C1 (Downtown Master Plan) john tippins CEO | Founder 702 460 5851 [email protected] License: NV B.0057269.LLC GLENDA SHAW Associate Broker 702 232 6000 [email protected] License: NV BS.02398 PATRICK OLSON Director of Development 702 375 5214 [email protected] License: NV S.0186812 DEVIN LEE, CCIM Director MF Investments | Finance 702 943 1901 [email protected] License: NV BS.0047546 UNIT TYPE UNITS # OF UNITS UNIT MIX NSF Studio 0BR/1BA 255 51% 125,145 1 Bedroom 1BR/1BA 209 42% 160,862 2 Bedroom 2BR/2BA 21 4% 26,740 2 Story 2BR/2BA 16 3% 21,120 Total 501 100% 333,867
Transcript of LARGEST QUALIFIED OPPORTUNITY ZONE MULTIFAMILY …€¦ · DEVIN LEE, CCIM Director MF ... 2 Story...
LARGEST QUALIFIED OPPORTUNITY ZONEMULTIFAMILY DEVELOPMENT IN DOWNTOWN LAS VEGAS
2 . 6 7 A C R E S I N A R T S D I S T R I C T • F U L LY - E N T I T L E D
KEY INVESTMENT HIGHLIGHTS
RETAIL SPACE: 13,813 SF PARKING SPACES: 531
OVERVIEW PROPERTY INFORMATION
1. Qualified Opportunity Zone
2. Entitlements for 501 Apartment Units
3. Largest Land Assemblage in Art’s District
4. Strong Demographics & Rental Rate Trends
Rare opportunity to own 2.67-acres in downtown Las Vegas’ booming Art’s District. The site will be delivered with entitlements for 501 apartment units, 531 parking stalls and 13,813 SF of retail. The site is located in a Qualified Opportunity Zone opening the door to a lot more investors looking to maximize the benefits of the program. The City of Las Vegas recently amended their building code to allow mid-rise developments to go up to 75’ allowing maximum density with minimal costs.
• Qualified Opportunity Zone Development meets all timeline requirements.• Property will be delivered with entitlements allowing construction to begin rapidly.• High-density, urban in-fill development in booming Art’s District.• One of only a couple truly walkable neighborhoods in the valley.• High demand neighborhood for housing with zero existing inventory.• Directly between valley’s largest employment centers (Downtown and The Strip)• City of Las Vegas has poured millions into the district improving streets and walkways.• Across the street from City’s new 3rd Street Linear Park (under construction)
5. Highly Amenitized and Walkable Art’s District
6. Highest Demand Neighborhood with Zero Existing Inventory
7. Close to Large Employment Centers (Downtown and The Strip)
8. Along Charleston Boulevard (35k Cars Per Day)
DOWNTOWN WESTCASHMAN
RESORT & CASINO
CIVIC & BUSINESS
FOUNDERS
DESIGN
18B LAS VEGAS ARTS
SYMPHONY PARK
MARKET CORRIDOR
LAS VEGAS MEDICAL
NORTHERNSTRIP GTEWAY
FREMONT EAST ENTERTAINMENT
95
15
PRICE REDUCED! $15,950,000
Address:300, 320, & 330E. Charleston Blvd,
Las Vegas, NV 89104
APNs: 162 - 03 - 115 - 001162 - 03 - 115 - 002
Entitlements: 501 Units
Gross Acreage: 2.67
Zoning: C1(Downtown Master Plan)
john tippinsCEO | Founder
702 460 5851 [email protected]
License: NV B.0057269.LLC
GLENDA SHAWAssociate Broker
702 232 6000 [email protected]
License: NV BS.02398
PATRICK OLSONDirector of Development
702 375 5214 [email protected]
License: NV S.0186812
DEVIN LEE, CCIMDirector MF Investments | Finance
702 943 1901 [email protected]
License: NV BS.0047546
UNIT TYPE UNITS # OF UNITS UNIT MIX NSF
Studio 0BR/1BA 255 51% 125,145
1 Bedroom 1BR/1BA 209 42% 160,862
2 Bedroom 2BR/2BA 21 4% 26,740
2 Story 2BR/2BA 16 3% 21,120
Total 501 100% 333,867
hoover ave.hoover ave.
casino center blvd.
casino center blvd.
the smith center
l as vegas premium outlets mall north
cl ark count y government center
lou ruvo br aininstitute
costco business center
l as vegas metropolitan police department
INTERNATIONAL MARKETEXPO CENTERunlv medical
district
l as vegas railwayl as vegas railway
95
15
cit y hallSOHO LOF TS
ECLIPSE MOVIE THEATER
RETAIL + OFFICE
BAR + RESTAURANTS
BAR + RESTAURANTSFIRST FRIDAY
TREEHOUSE
ART GALLERIES
3RD ST LINEAR PARK
NEW MAIN ST. CORRIDOR
0.5 MILE TO
OFFICE
OFFICE
main st.main st.
48 APARTMENTSNEW CONSTRUCTION
15
e. charleston blvd.
e. charleston blvd. 35,000 cars per day
35,000 cars per day
MOLASKY DEVELOPMENTS
RETAIL + OFFICENEW CONSTRUCTION
ZLIFE BOUTIQUE HOTELUNDER CONSTRUCTION
AREA OVERVIEW
ART´S DISTRICT GATEAWAY DISTRICT FOUNDER´S DISTRICT SYMPONY PARK RESORT DISTRICT MEDICAL DISTRICTCIVIC & BUSINESS DISTRICT
LAS VEGAS BLVD
LAS VEGAS BLVD
CHARLESTON BLVDCHARLESTON BLVD
15
john tippinsCEO | Founder
702 460 5851 [email protected]
License: NV B.0057269.LLC
GLENDA SHAWAssociate Broker
702 232 6000 [email protected]
License: NV BS.02398
PATRICK OLSONDirector of Development
702 375 5214 [email protected]
License: NV S.0186812
DEVIN LEE, CCIMDirector MF Investments | Finance
702 943 1901 [email protected]
License: NV BS.0047546
