Mixed-Use Parcel Trades Near The Las Vegas Strip
HMV Group has sold a 10-acre parcel in the Chinatown District, not far from the Las Vegas Strip, for $24.2 million. The buyer, the Fore Company, secured entitlements for 380 residential units and 30,000 square feet of commercial space that will be used for mixed-use projects to include retail, office, multifamily and restaurant amenities.
The company has a strong presence in Las Vegas. Fore Company has developed three of Chinatown’s latest multi-family residential communities, including Lotus (295 units) Jade (287 units) and Coya (226 units).
The area currently boasts more than 20 strip malls, 150+ restaurants, Asian supermarkets, and an array of boutique retail offerings, demonstrating the area’s continued demand for quality living and lifestyle amenities.
HMV Group was represented by Adam Malan, Deana Marcello, Gabe Skerlich, and Mike Mixer of Colliers International’s Las Vegas, NV office.
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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