![]() “I viewed that as a great opportunity,” he said.Īuric’s rents start at just over $1,300, and units range from 591 to 1,452 square feet, the developer announced last month.īrennan, of Aspen Heights, told the Review-Journal that his firm liked the project site because it’s in a tax-incentive Opportunity Zone and because the city has invested heavily in the downtown area. Southern Land founder Tim Downey said in a statement Wednesday that he “grew to love Las Vegas on many trips with my wife over the years,” and that during their visits, he noticed there weren’t many luxury multifamily housing options that offered “convenient access” to downtown and the Strip. “That’s kind of been the vision all along – we wanted a new neighborhood,” he said. Mayor Carolyn Goodman has described Symphony Park - home to The Smith Center for the Performing Arts, Discovery Children’s Museum, and Cleveland Clinic Lou Ruvo Center for Brain Health - as the epicenter of culture and medicine in Las Vegas, where people can live near the Arts District and nightlife.īill Arent, the city’s deputy director of economic and urban development, said Wednesday that the original goal of Symphony Park’s mid-2000s master plan was to have a mixed-use area. Landlords have also faced increased competition from the for-sale market, as rock-bottom mortgage rates have sparked a homebuying frenzy in the valley.īut the rental market has by no means collapsed – in some ways it has gained momentum amid the turmoil – and the new buildings in Symphony Park help fulfill the city’s long-sought vision for the 61-acre stretch of land off Grand Central Parkway and Bonneville Avenue. Many tenants have tapped unemployment benefits, stimulus funds or other relief programs to pay their rent amid huge job losses. Southern Nevada’s apartment market has faced plenty of questions during the coronavirus outbreak. ![]() ![]() Nashville developer Southern Land Co., meanwhile, expects its first batch of renters to move in next month to Auric, a 324-unit complex that also promises a resort-style pool area, a “serene” yoga studio, concierge service, and more. Its first tenants are expected to move in May 31, Aspen Heights development manager Patrick Brennan said Wednesday. Texas developer Aspen Heights Partners held a ribbon-cutting last week for Parc Haven, a 290-unit complex that boasts a resort-style pool terrace, a “serenity” studio with massage tables, a dog spa, and other amenities. (Ellen Schmidt/Las Vegas Review-Journal) upscale apartment complexes are opening across from each other in Symphony Park, bringing a wave of new units to downtown Las Vegas. 21.The Auric apartment complex at Symphony Park on Wednesday, May 19, 2021, in Las Vegas. ![]() No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. and/or other countries.Ĭorporate Responsibility, Privacy & Legal Notices: Compass is a licensed real estate broker, licensed to do business as Compass RE in Delaware, Idaho, New Jersey, Pennsylvania and Tennessee, Compass Real Estate in Washington, DC, Wyoming and Idaho, Compass Realty Group in Missouri and Kansas, and Compass South Carolina LLC in South Carolina. Do Not Sell or Share My Personal Information, Terms of Service, Privacy Center, Scam Avoidance, Responsible Disclosure, Compass is an E-Verify employer, Notice for California Applicants, California COVID-19 Rules of Entry, and Your CA Privacy RightsĬOMPASS, the Compass logo, and other various trademarks, logos, designs, and slogans are the registered and unregistered trademarks of Compass, Inc. ![]()
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