Developers Detail Plans for $1.5B ‘Health Village’
- Sep 06, 2012
Developers of one of the Las Vegas region’s best-kept secrets, the proposed $1.5 billion Union Village complex, submitted an outline to city officials this week that provides details about the development and its concept of “integrated health village.” As reported by the Las Vegas Sun, the development is awaiting approvals that would allow the $11.6 million acquisition of its future site.
According to information in the draft development agreement unveiled on Tuesday, the entity behind the proposal, Union Village L.L.C., is a California-based company called InvXtus Properties L.L.C. The project team also includes a Las Vegas-based developer Juliet Companies.
Described as the frst project of its kind, Union Village would offer a comprehensive, self-contained community for people seeking continuous medical care for cancer and other major illnesses. As such, it would incorporate health care facilities, a residential component, hospitality properties and a retail element.
Plans call for four hospitals near U.S. 95 and Galleria Drive in Henderson; up to 1,000 residential units designated for senior housing; several hundred thousand square feet of medical office space; restaurants, retail and entertainment; and a hospitality component.
Image courtesy of unionvillage.net