This innovative, 300-unit affordable apartment community was constructed in the heart of downtown Las Vegas, Nevada, walking distance from some of the city???s largest and most famous hotels and casinos, as well as numerous commercial and office buildings.
The development concept was to create an affordable community aimed primarily at single persons employed in nearby hotels, casinos and other facilities. The project offers a mix of studio, 1- and 2-bedroom units, all in a single four-story, elevator-served building surrounding a central courtyard and pool, and is 100% set aside for residents earning a maximum 60% of the median area income for Clark County. It achieved 100% occupancy within nine months and remains full, with a waiting list for future vacancies.
The community is also located within a quarter-mile of public transit lines connecting to the famous Las Vegas Strip ??? making it attractive to employees of hotels located there ??? as well as shopping centers, grocery stores and other retail. Other nearby facilities include a high school; government offices; restaurants and entertainment; health care facilities and other services; and convenience stores. The closest freeway access is within one mile of the property.
Amenities at the community include a swimming pool; gated entrance; a two-level secured underground parking garage; built-in kitchen appliances; air conditioning; patios and balconies; laundry rooms; a 2,000 square-foot community room including a computer lab and fitness center; and 2,000 square feet of retail space on the ground floor. The building was designed to blend with nearby historic structures, using an articulated façade to make it appear as a row of smaller adjoined buildings, rather than a single large one. Professional landscaping and paved exterior walkways accent the community.
With the rapid lease-up and continued 100% occupancy ??? demonstrating the strong demand for affordable workforce housing in Las Vegas??? downtown core ??? this community is meeting and in some respects exceeding projections regarding economic performance. It serves as an excellent model for high-density, mixed-use affordable housing located close to major employment centers, helping not only to meet the growing need for low-income housing but also addressing quality-of-life issues often associated with sprawl and long work commutes.
- LAS VEGAS, NV
- Resident Type: Family
- Construction Type: High Rise
- Units: 300
- Year Built: 2003