Mega Las Vegas Property On the Market

Mega Las Vegas Property On the Market
News| May 13, 2025| Mike Boyd
Phoenix & Southwest + Apartment Buildings

A prominent Las Vegas mixed-use development is up for sale. UnCommons, at an estimated $575 million, includes 500,000 square feet of modern office space, 91,000 square feet of curated retail space, 800 luxury on-site residential units, and 12.8 acres across three separate parcels. Construction broke ground in 2020 and was completed in April 2025. 

Matter Real Estate Group was the developer of the 40-acre urban campus, which was created with the architecture firm Gensler to provide an environment for UnCommons’s residents, workers, and visitors. 

The office portion of UnCommons is nearly fully leased/occupied by brand-name companies such as Deloitte, Morgan Stanley, EY, DraftKings, and more. UnCommons commands a lease rate of $4.25 per square foot, a 44% premium over neighboring projects. The same holds for retail. UnCommons has an 85% leased lineup and attracts high-profile first-to-market brands such as Blue Bottle, Salt & Straw, Urth Caffe, and Sunlife Organics. 

The property is being represented by Kevin Shannon, an investment sales broker, with Newmark. 

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