Cantor Fitzgerald, Silverstein JV Opens Las Vegas Luxury Community
This was the partnership's first investment in Opportunity Zones.
Cantor Fitzgerald, Silverstein Properties and TRU Development have opened theAPEX@meadows, a 334-unit luxury multifamily community in Las Vegas. The project had been underway since 2021, when the development partnership financed it with a $50.7 million construction loan, originated and provided by Mack Real Estate Group, Yardi Matrix data shows.
Perlman Architects served as the main architect, Martin-Harris Construction as the general contractor, while Greystar currently serves as the leasing agent and property manager. Silverstein Properties purchased the 9.6-acre project site in 2018.
The 440,296-square-foot property comprises two, five-story buildings with one- and two-bedroom floorplans ranging between 639 and 943 square feet. Common-area amenities include a swimming pool, a fitness center, an outdoor courtyard, a clubhouse, a rooftop lounge, co-working space, a spa, controlled access and approximately 551 parking spaces. Units feature washers and dryers, stainless-steel appliances, walk-in closets and digital locks.
theAPEX@meadows is at 4480 Meadows Lane, in an opportunity zone. The community is close to Route 95, which provides direct access to downtown Las Vegas. Meadows Mall and Springs Preserve are within walking distance.
The asset represents Silverstein and Cantor’s first investment as part of a plan to capitalize on opportunity zones. It was also designed to achieve a Green Globes for New Construction certification.
Recently, Cantor Fitzgerald and Silverstein Properties, in a joint venture with Collins Capital Partners and Kaufman Jacobs, secured $53.6 million in construction financing for a mixed-use development set to include 298 units and 28,000 square feet of retail in Chesterfield County, Va. Truist Bank provided the loan.