Downtown is buzzing with new development possibilities. Here’s a look at the projects in store and what’s been shelved.
—Condos at the Juhl became available for sale in May. Right now, only 12 of the 299 unsold condos are ready for purchase as the rest are currently being rented. As leases expire, these condos will be brought to market. Prices range from $169,900 to just under $1 million. And to complement the other retail options such as Greens and Proteins and JAECI Jewelry at the Juhl, there are plans to open a convenience store called The Corner Market.
—The WE micro homes project, 48 small units that were supposed to open this year on Casino Center Drive and Utah Street, is no longer moving forward. “Unfortunately, we are not going to be building that project for the foreseeable future,” developer Christina Roush says.
—A 12-year-old exclusive agreement in Symphony Park between the City of Las Vegas and private real estate company Newland Communities ended in April.
Newland was not comfortable being the first to develop residential housing in the area. According to Shani Coleman, redevelopment manager for the City of Las Vegas, “Newland is traditionally a risk-averse company,” which is why the contract was dissolved.
This allows new developers the opportunity to build on four parcels of land Newland originally planned on developing.
—The community may be most excited about Downtown Project and the Wolff Company’s Fremont9, a five-story 232-unit building on Fremont and Ninth Streets (pictured top). There are also plans to develop 15,000 square feet of retail space facing Fremont Street. The construction was announced last June and DTP’s real estate portfolio manager, John Curran, says the project is scheduled to open this fall.
—Developer Urban Lofts Townhomes, which built the Eleventh Street Lofts Townhomes across the street from Bunkhouse in 2005, is completing the second phase of Fremont Street Lofts Townhomes, located on Fremont Street west of Bruce Street. According to the contractor, he is completing the last 22 units, which is scheduled to be complete by late 2018 or early 2019. End units are available for $292,900 and middle units for $285,000.
—The City of Las Vegas is proposing a recreational corridor called The Third Street Linear Open Space project for current residents and to attract new ones.
“The city is trying to bring a Downtown street up to par with the trend on the Las Vegas Strip [seen at] the Linq Promenade and The Park,” says Michael Howe, senior planner for the city.
Third Street will be reduced to one lane each direction for vehicular traffic while pedestrian areas will be expanded. And there are plans for other enhancements. For example, where the Eclipse Theater is located, the block will be closed off with glow-in-the-dark concrete, programmed lighting, sound and stages.
According to Howe, the goal of the project is to provide more open space for recreational and social for current and future residents.