Las Vegas New Construction & Proposed Multifamily Proects 2Q19

[Pages:5]Las Vegas New Construction & Proposed Multifamily Projects

2Q19

ID PROPERTY

4 Echo 1055 5 Degree, The

Total Lease Up

UNITS

215 226 441

9 3200 West Twain Avenue

287

10 Tanager

267

11 Pace

190

12 University Gateway

125

13 Eden Phase II

128

Total Under Construction

997

14 Vue at Centennial Phase III 15 West Deer Springs Way & Grand

Montecito Pkwy 16 Elysian at Tivoli

17 Vegas Trade Village

18 Palms Redevelopment, The

19 Royal Crest

22 UnCommons

Total Planned

314

491

359 264 1,480 300 875 4,083

23 Villages at Centennial Springs

24 Elysian at Buffalo

25 Aspen Heights Las Vegas

26 Avante Lofts

27 Downtown 57 Phase 1

28 Downtown 57 Phase 2

29 Midtown - Downtown 30 South Casino Center Blvd & East

Utah Avenue 31 Thunderbird Lofts

32 Veterans Village Phase II 33 East Deer Springs Way & Losee

Road 34 North 5th Street & East Rome Blvd

35 Rancho / Decatur

36 Shadow Hills 37 East Carey Avenue & North Pecos

Road 47 Elysian at Hughes Center

154

220

325

260

250

10

250

478

117

370

204 48 U District Phases II & III

364

49 Cameron Street & Tropicana

304

Avenue

293

176

50 Polaris Avenue & Spring Mountain Road

471

738 54 Ely at Fort Apache

206

64 55 Tropicana Avenue Senior

182

118 56 West Hacienda Avenue & South Riley Street

368

Total Prospective

181 6,093

LEGEND

Lease-Up

23

15 14

24 16

13

55 54 56 11 22

Under Construction

Planned

35

50 9

49

Prospective

34 33 36

17 37

25 28 29 26 27 32

31 30

18

19 47

48 5 12

4

1 mi

Source: Yardi Matrix

Las Vegas New Construction & Proposed Multifamily Projects

2Q19

ID PROPERTY

1 Empire 2 Kaktus Life I 3 Trend!

Total Lease Up

UNITS

536 210 362 1,108

6 Kaktus Life III 7 Bruner Avenue & Gilespie Street 8 Residence at Seven Hills, The

Total Under Construction

614 344 286 1,244

21 53 20 6 58

20 Abode - Buffalo Sunset, The

21 South Cimarron Road & West Sunset Road

Total Planned

418

260

678 63

38 27 Lofts

85

60

39 Aspen Peak Phase II

50

40 Bella Vista

120

41 South Mountain Vista Street & Olympic Avenue

392

42 Summit on Boulder, The

144

43 Waverly

254

44 Aspen Heights Henderson

312

45 Life Time Living Mixed Use Campus

147

46 Wigwam Lofts

350

51 Bermuda and St. Rose

219

52 East Ford Avenue & South Maryland Pkwy

100

53 8146 Rafael Rivera Way

364

57 8090 Giles Street

235

58 Arby Avenue Mixed Use

271

59 Blue Diamond Road & South Lindell Road

320

60 Blue Diamond Road & South Quarterhorse Lane

92

61 Gilespie Street & East Starr Avenue 220

62 Silverado Ranch Blvd

68

63 South Fort Apache Road & West Wigwam Avenue

160

Total Prospective

3,903

59

LEGEND

Lease-Up

57 52

3 62

2 61

51

18

7 44

Under Construction

Planned

41 45

Prospective

39

46

40 42

38

43

1 mi

Source: Yardi Matrix

Las Vegas New Construction and Proposed Multifamily Projects

ID PROPERTY NAME

1 Empire 2 Kaktus Life I 3 Trend! 4 Echo 1055 5 Degree, The

6 Kaktus Life III 7 Bruner Avenue & Gilespie Street 8 Residence at Seven Hills, The 9 3200 West Twain Avenue 10 Tanager 11 Pace 12 University Gateway 13 Eden Phase II

ADDRESS

915 Alper Center Drive 10650 Dean Martin Drive 240 East Silverado Ranch Blvd 1055 East Tropicana Avenue 4259 South Maryland Pkwy

CITY

Henderson Las Vegas Las Vegas Las Vegas Las Vegas

STATE

NV NV NV NV NV

8030 West Maule Avenue

Las Vegas

NV

SWC Bruner Avenue & Gilespie Street

Henderson

NV

Fleischman Street & Sunridge Heights Pkwy Henderson

NV

3200 West Twain Avenue

Las Vegas

NV

2375 Spruce Goose Street

Summerlin South NV

South Fort Apache Road & West Russell Road Spring Valley

NV

4700 South Maryland Pkwy

Las Vegas

NV

4350 South Hualapai Way

Las Vegas

NV

14 Vue at Centennial Phase III

7350 West Centennial Pkwy

Las Vegas

NV

15 West Deer Springs Way & Grand Montecito West Deer Springs Way & Grand Montecito

Pkwy

Pkwy

Las Vegas

NV

16 Elysian at Tivoli

Alta Drive & South Rampart Blvd

Las Vegas

NV

17 Vegas Trade Village

NEC West Cheyenne Avenue & North Commerce Street

North Las Vegas

NV

18 Palms Redevelopment, The

713 East Sahara Avenue

Las Vegas

NV

19 Royal Crest

602 North Royal Crest Circle

Las Vegas

NV

20 Abode - Buffalo Sunset, The

SEC South Buffalo Drive & West Sunset Road Spring Valley

NV

21 South Cimarron Road & West Sunset Road South Cimarron Road & West Sunset Road Spring Valley

NV

22 UnCommons

South Durango Drive & West Russell Road Spring Valley

NV

23 Villages at Centennial Springs 24 Elysian at Buffalo 25 Aspen Heights Las Vegas

Farm Road & Tule Springs Road

Las Vegas

NV

North Buffalo Drive & Trinity Peak Avenue Las Vegas

NV

251 South City Pkwy

Las Vegas

NV

ZIP STATUS

89052 89141 89183 89119 89119

89113 89044 89052 89102

Lease-Up Lease-Up Lease-Up Lease-Up Lease-Up

Total Lease-Up

Under Construction Under Construction Under Construction Under Construction

89135 Under Construction

89148 89119

Under Construction Under Construction

89147 Under Construction

Total Under Construction

89131 Planned

89149 Planned

89145 Planned

89030 Planned

89104 89169 89113 89113 89113

89143 89128 89106

Planned Planned Planned Planned Planned

Total Planned

Prospective Prospective Prospective

UNITS

536 210 362 215 226

1,549

614 344 286 287

267

190 125

128

2,241

314

491

359

264

1,480 300 418 260 875

4,761

154 220 325

SUBMARKET

Henderson West Enterprise Paradise Valley South Las Vegas Strip Las Vegas Strip

Spring Valley West Enterprise Henderson West Bracken Summerlin / Blue Diamond Spring Valley West Las Vegas Strip Summerlin / Blue Diamond

Las Vegas NW Las Vegas NW Las Vegas Central North Las Vegas West Winchester Las Vegas Strip Spring Valley West Spring Valley West Spring Valley West

Las Vegas NW Las Vegas Central South Las Vegas

PERMIT FORECASTED START OF DATE COMPLETION DATE RENT-UP

02/01/2018

12/31/2020

01/31/2019

11/30/2017

11/30/2019

03/25/2019

01/01/2018

08/31/2019

02/18/2019

01/01/2018

08/31/2019

11/01/2018

05/01/2016

08/31/2019

06/15/2018

12/15/2018 05/15/2018 07/01/2018 06/01/2019 07/01/2018 08/01/2018 01/04/2018 07/15/2018

12/31/2022 12/31/2020 09/30/2020 09/30/2020 07/01/2020 11/30/2019 07/31/2019 07/31/2019

Source: Yardi Matrix

Las Vegas New Construction and Proposed Multifamily Projects

ID PROPERTY NAME

ADDRESS

CITY

STATE

26 Avante Lofts

824 South 6th Street

Las Vegas

NV

27 Downtown 57 Phase 1

324 South Maryland Pkwy

Las Vegas

NV

28 Downtown 57 Phase 2

1020 Lewis Avenue

Las Vegas

NV

29 Midtown - Downtown

900 South Casino Center Blvd

Las Vegas

NV

30 South Casino Center Blvd & East Utah Avenue South Casino Center Blvd & East Utah Avenue Las Vegas

NV

31 Thunderbird Lofts

1215 South Las Vegas Blvd

Las Vegas

NV

32 Veterans Village Phase II

50 North 21st Street

Las Vegas

NV

33 East Deer Springs Way & Losee Road

East Deer Springs Way & Losee Road

North Las Vegas NV

34 North 5th Street & East Rome Blvd

North 5th Street & East Rome Blvd

North Las Vegas NV

35 Rancho / Decatur

North Rancho Drive & West Smoke Ranch Road North Las Vegas NV

36 Shadow Hills

SWC North 5th Street & East Regena Avenue North Las Vegas NV

37 East Carey Avenue & North Pecos Road

East Carey Avenue & North Pecos Road

North Las Vegas NV

38 27 Lofts

South Major Avenue & East Van Wagenen Street

Henderson

NV

39 Aspen Peak Phase II

833 Aspen Peak Loop

Henderson

NV

40 Bella Vista

215 South Water Street

Henderson

NV

41 South Mountain Vista Street & Olympic Avenue

South Mountain Vista Street & Olympic Avenue Henderson

NV

42 Summit on Boulder, The

Frontage Road & Pioneer Street

Henderson

NV

43 Waverly

Conestoga Way & Nevada State Drive

Henderson

NV

44 Aspen Heights Henderson

Amigo Street & East Dale

Henderson

NV

45 Life Time Living Mixed Use Campus

Carnegie Street & East Serene Avenue

Henderson

NV

46 Wigwam Lofts

1200 Wigwam Pkwy

Henderson

NV

47 Elysian at Hughes Center

Howard Hughes Pkwy & Sands Avenue

Paradise

NV

48 U District Phases II & III

NWC Cottage Grove Avenue & South Maryland Pkwy

Paradise

NV

49 Cameron Street & Tropicana Avenue

Cameron Street & West Tropicana Avenue Las Vegas

NV

50 Polaris Avenue & Spring Mountain Road Polaris Avenue & Spring Mountain Road

Paradise

NV

51 Bermuda and St. Rose

Bermuda Road & St. Rose Pkwy

Enterprise

NV

52 East Ford Avenue & South Maryland Pkwy East Ford Avenue & South Maryland Pkwy Paradise

NV

53 8146 Rafael Rivera Way

8146 Rafael Rivera Way

Las Vegas

NV

54 Ely at Fort Apache

5065 South Fort Apache Road

Las Vegas

NV

ZIP

89101 89101 89101 89101 89104 89104 89101 89086 89084 89032 89031 89030

89015

89011 89015

89014

89015 89002 89044 89052 89074 89119

89119

89103 89103 89183 89123 89113 89148

STATUS

Prospective Prospective Prospective Prospective Prospective Prospective Prospective Prospective Prospective Prospective Prospective Prospective

Prospective

Prospective Prospective

Prospective

Prospective Prospective Prospective Prospective Prospective Prospective

Prospective

Prospective Prospective Prospective Prospective Prospective Prospective

UNITS

260 250 250 478 117 370 204 304 176 738 64 118

85

50 120

392

144 254 312 147 350 368

364

293 471 219 100 364 206

SUBMARKET

Downtown Las Vegas Downtown Las Vegas Downtown Las Vegas Downtown Las Vegas Downtown Las Vegas Downtown Las Vegas Downtown Las Vegas North Las Vegas West North Las Vegas West North Las Vegas West North Las Vegas West North Las Vegas East

Henderson East

Henderson East Henderson East

Henderson East

Henderson East Henderson East Henderson West Henderson West Henderson West Las Vegas Strip

Las Vegas Strip

Bracken Bracken Paradise Valley South Paradise Valley South Spring Valley West Spring Valley West

PERMIT FORECASTED START OF DATE COMPLETION DATE RENT-UP

Source: Yardi Matrix

Las Vegas New Construction and Proposed Multifamily Projects

ID PROPERTY NAME

ADDRESS

CITY

55 Tropicana Avenue Senior

9780 South Grand Canyon Drive

56 West Hacienda Avenue & South Riley Street West Hacienda Avenue & South Riley Street

57 8090 Giles Street

8090 Giles Street

58 Arby Avenue Mixed Use

West Arby Avenue & Redwood Street

59 Blue Diamond Road & South Lindell Road Blue Diamond Road & South Lindell Road

60 Blue Diamond Road & South Quarterhorse Blue Diamond Road & South Quarterhorse

Lane

Lane

61 Gilespie Street & East Starr Avenue

Gilespie Street & East Starr Avenue

62 Silverado Ranch Blvd

Gilespie Street & East Silverado Ranch Blvd

63 South Fort Apache Road & West Wigwam Avenue

South Fort Apache Road & West Wigwam Avenue

Las Vegas Spring Valley Las Vegas Enterprise Enterprise

Enterprise

Enterprise Las Vegas

Spring Valley

STATE

NV NV NV NV NV NV NV NV NV

ZIP STATUS

89147 89113 89123 89118 89139

Prospective Prospective Prospective Prospective Prospective

89178 Prospective

89183 89123

Prospective Prospective

89178 Prospective

Total Prospective

TOTAL LAS VEGAS

UNITS

182 181 235 271 320 92 220 68 160

9,996 18,547

SUBMARKET

Spring Valley West Spring Valley West Enterprise Enterprise Enterprise

Enterprise

Enterprise Enterprise Summerlin / Blue Diamond

PERMIT FORECASTED START OF DATE COMPLETION DATE RENT-UP

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Source: Yardi Matrix

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