More than a decade after premiering a hit residency on the Strip, Boyz II Men are back with four shows at the Chelsea at the Cosmopolitan.
Las Vegas’ Chinatown area is set to get another upscale apartment complex under plans approved last week.
Developer Jonathan Fore, who built Lotus along Spring Mountain Road near Valley View Boulevard a few years ago, wants to build a seven-story, 170-unit complex nearby on the other side of Valley View called The Pearl.
He hopes to break ground in August and finish in summer 2022.
A parking garage would comprise the first three stories of the building, which would feature more than 11,200 square feet of ground-floor retail space, county documents show.
Clark County commissioners approved project plans Wednesday.
Fore, a managing partner at Fore Property Co., is part of a small crop of developers who have built rental projects in Las Vegas’ core lately. Southern Nevada has been flooded with new apartment complexes in recent years, but construction has mostly been in the suburbs, where it’s easier and cheaper to build, developers have said.
Fore told the Las Vegas Review-Journal he’s bullish on Chinatown because residents would be close to plenty of nightlife and dining options, by foot or car.
“Tenants tend to gravitate where they like to play,” he said.
Fore said he expects to close the purchase of the 2-acre project site – currently home to an auto service shop – in July.
Rents won’t be cheap. Apartments at The Pearl would range from 690 to 1,382 square feet, with prices stretching from $1,550 to $2,500 per month, according to Fore.
By comparison, the average asking rent for a Las Vegas-area apartment at the end of 2019 was $1,080 per month, according to the Nevada State Apartment Association.
Lotus, meanwhile, features a DJ booth, yoga and massage rooms, virtual-reality sports and other amenities. Fore sold the 295-unit complex in fall 2018, just several months after tenants started moving in, for nearly $77 million.
The sale amounted to $260,000 per unit, double the market average at the time as tracked by brokerage Colliers International.
Other new rental projects in Las Vegas’ urban areas include downtown’s Fremont9, which opened in 2018, and shareDOWNTOWN, in the Arts District, which developer Sam Cherry expects to finish in May.
More than a decade after premiering a hit residency on the Strip, Boyz II Men are back with four shows at the Chelsea at the Cosmopolitan.
Lost Spirits Distillery at Area15 achieved innovation, but ran in the red too l...
Most Americans might be used to hotels missing a 13th floor, but why do some ca...
Families are the focus at Tahiti Village. The all-suites resort has the space, activities, and great dining options to offer something for everyone.
Ely Duck Creek Lodge gives guests the opportunity to enjoy the beauty of the area in a comfortable and spacious house.
While sections of libraries are filled with all kinds of books about strategies on what games and slots are best to play, the Nevada Gaming Control Board comes out with a report annually showing which games won the most for casinos.
Coast2Coast Fitness is a veteran-owned, private neighborhood gym with a Fitness Center and a new Performance Training Center where people experience a wide range of activities and achieve their personal goals in a comfortable environment.
Desert Kids Dental provides children with a kid-friendly experience that eases their fears and even allows for their visit to be fun, ensuring they will want to keep returning.
Usher is playing his fourth Las Vegas venue in November.
Corporations are changing the Strip’s skyline with large hotel advertising during Super Bowl 58 week that may be seen by broadcast viewers during Sunday’s game.
