Las Vegas to Raze Public Housing Project, $400M Replacement on Way
Marble Manor, a western Las Vegas public housing complex that originally opened in the 1950s, is in the process of being demolished and redeveloped into townhomes and apartment buildings.
A Shelter Realty newsletter reports the redevelopment of Marble Manor – slated to cost between an estimated $350 million to $400 million – is currently underway.
The plans call for the transformation of the 35.7-acre Marble Manor property into 627 newly-built units, made up of townhomes and apartment buildings, as well as low-income and market-rate units. There will also be numerous amenities for residents, such as a community center, retail space, parks and other features.
The first units are set to begin development in March of this year by contractor Metcalf Builders. The redevelopment is planned to take place over the course of five phases, and is scheduled to be completed by 2030.
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80-Unit Seniors Housing Development Opens in Suburban Chicago
Leyden Senior Apartments, a new four-story independent senior living development in Franklin Park, recently opened. Located at 2506 N. Mannheim Road, Leyden Senior Apartments offers one- and two-bedroom residences. The adjacent newly constructed Carl Fiorito Senior Center will be available to the entire community. Owned by Leyden Apartments LP, Leyden Senior Apartments was designed by...
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312-Unit Multifamily in Indiana Changes Hands
Northmarq’s Investment Sales team, led by Bobby Schiavone, Jordan Arand and Adam Klenk, led the sale of The Bend Apartments, a 312-unit garden apartment community located at 1909 Greentree Blvd. in Clarksville, Indiana. Northmarq represented the seller, a regional multifamily developer. The buyer was a private investor. “The Bend generated significant investor demand, further proving...
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout