New Growth on the Horizon for Las Vegas in 2020

Featured Development in Las Vegas in 2020

What's on the horizon for new growth in Las Vegas for 2020?

• Industry & Services in Las Vegas
• Developments in Education for Las Vegas
• Residential Developments in Las Vegas
• Transportation Improvements in Las Vegas
• Retail & Recreation Developments in Las Vegas

From 2018 to 2019, Nevada was 2nd in the country for annual population growth at 1.74%. Out of 30 major metroplitan cities, Las Vegas was third, with a growth factor of 2.2% (almost 50,000 new residents). That's a lot of growth, and a big infrastructure to support.

The city has responded to this challenge with approximately $23.0B  currently invested in major projects within Southern Nevada in 2020. In fact, it's pretty mind-boggling when you look at the number of new additions to retail and office buildings, movie theaters and entertainment venues, huge developments to divisions of the University of Las Vegas, residential and parks, and changes to infrastructure to improve transportation and pedestrian movement. 

This is a summary of some of the feature developments in Las Vegas and Henderson that either began in 2019 or were in the planning stages. The amount of improved resources and options for new jobs is really encouraging. We haven't even included all the casino and hotel development also underway.

Industry & Services

New Las Vegas Municipal Courthouse will house the offices and chambers for each of the city's municipal court judges and will have space for traffic court, administration, customer service, classrooms and the city attorney's criminal division.

Centennial Hills Hospital is building out their neo natal and adult intensive care units and medical surgical units. The addition of 56 patient beds will bring the total to 318. 
Cost: $98M | Est. Completeion Date: 2021

Fairfield Inn by Marriott will be the first hotel in the Centennial Hills area in 15 years. Constructed by Nigro Development, the hotel will be four stories and have 87 rooms.
Est. Completion Date: Currently under construction

Haas Automation Manufacturing Plant is a new 3.2 million-square-foot manufacturing building as well as several spaces that will be leased to other organizations.

Google Data Center - The first of its kind in the Las Vegas area, the data center will support Google services in North America such as YouTube, Google Calendar, Gmail and more, as well as cloud computing services. The facility is estimated to house 200 full-time positions with an average annual salary of $65,000.

Intermountain Healthcare Performance Center - The Raider's headquarters, sponsored by Intermountain Healthcare, will be the home to 250 permanent staff members as well as the soon-to-be Las Vegas Raiders. The site will have 135,000 square feet of office space, a 150,000 square foot field house, as well as a 50,000 square foot performance center.

Education

Nevada State College is developing a new education building set to include classrooms and faculty offices, a speech pathology clinic and an operational preschool that can serve up to 60 children. This development was a response to the recent issues with teacher shortages. The goal is to have 400 education students graduate every year by 2025.

Nevada State College Dorms with 342 beds and will be open for the fall 2020 semester.

UNLV Medical School Building will be approximately 140,000 square feet, support a class size of 120 students, with the potential for future growth, as well as 200 clinicians and a health sciences library that will serve the University and the medical community at large.

The College of Southern Nevada is developing a 73,000-square-foot planned new health sciences building at its Henderson campus. Once complete, 2,500 slots for students studying nursing, phlebotomy, and other science fields will have been added.
Est. Completion Date: 2021

Residential

Elysian at the Hughes Center will feature two 5-story residential buildings w/ 10,000 square foot gym, a virtual-reality sports room, and an outdoor area to watch movies.

Luxury Apartments at Twain/Dean Martin - Upon completion, the apartment complex will have about 287 total units as well as a yoga studio, a dog park, a resort-style pool, and a lounge area.

Union Village in Henderson will be adding multiple condo projects, a promenade, retail space and senior-living apartments.

Transportation Projects

• New 215 Beltway Interchanges at Losee, Pecos, and Lamb including the installation of medians, high-mast lights and drainage facilitesI-15/CC-215 Northern Beltway Interchange
• Las Vegas Boulevard Repaving
• Las Vegas Convention Center Loop - underground express-rounte tunnels for high-speed electric vehicles
• I-15 and Tropicana Interchange Reconstruction
• McCarran Airport Infrastructure Improvements
• Virgin Trains USA High-Speed Rail to Southern California - est. completion date is 2023
• Sahara and Las Vegas Blvd Pedestrian Bridge

Retail & Recreation

Several new retail centers are being developed throughout the city including these larger projects:

UnCommons - 40-acre, $400 million mixed-use project located in the southwest region of Southern Nevada. The final plan envisions 500,000 square feet of offices, nearly 100,000 square feet of retail space and 875 apartments, all at the southeast corner of Durango Drive and the 215 Beltway.

Downtown Henderson Water Street  will feature a major re-development of retail, business and residential areas.

Henderson West is a mixed use development that includes high-rise residential, courtyard apartments, retail, offices, a movie theater, a hotel and recreational areas.

Lifeguard Arena in Henderson will feature two ice rinks, a Mackenzie River Pizza restaurant, as well as meeting and retail space.

The Bend is a planned mixed use development located at the corner of Sunset and Durango in the southwest part of the valley. Once complete, The Bend will feature office space coupled with a multitude of retailers such as Galaxy theatres, Mothership Coffee Roasters, Lotus of Siam and many more. Estimated completion date is 2021.

Interested in the Las Vegas real estate market? Be sure to check out these informative reports:

Las Vegas 2019 Market Trends - A Year in Review

Las Vegas Top Selling Master-Planned Communities in 2019

Top 55+ Retirement Communities in Las Vegas

Clark County Tax Rates for 2019/2020