Southern Land Breaks Ground on 337-Unit Las Vegas Community
Development is expected to wrap up toward the end of 2025.
Southern Land Co. has broken ground on a 337-unit multifamily community in downtown Las Vegas. The mid-rise project currently dubbed 3rd Street Assemblage is slated to include three seven-story buildings totaling more than 530,000 square feet. Burke Construction Group Inc. serves as general contractor, while KTGY provides design services. Completion is expected toward the end of 2025.
Floorplans are set to comprise studio, one- and two-bedroom units ranging between 585 and 1,254 square feet. Planned community amenities include a fitness center, a swimming pool and spa, coworking space, a rooftop deck, an outdoor lounge, a library and a virtual reality room, together with EV charging stations and courtyards. The development will also have a total of 8,500 square feet of ground retail and restaurant space.
The project also involves infrastructure improvements, such as a new water main on Fourth Street, new and upsized sewage systems on Third and Colorado streets, as well as a new signalized intersection at South Third Street and East California Avenue.
Sin City’s multifamily development scene
Located at 1207 S. Third St., the project is nestled in Las Vegas’ Arts District and has exposure to arteries such as interstates 15 and 515, situated roughly 2 miles away. Employers such as Amazon, University of Nevada and Wells Fargo are all within a 5-mile area. The Fashion Show Mall, which includes nearly 2 million square feet of retail space across some 250 stores, is less than 4 miles away.
This project brought SLC’s downtown Las Vegas portfolio to more than 1,200 units. One of the firm’s completed projects in the region was Auric Symphony Park, a 324-unit luxury community that opened its gates in 2021.
Developers delivered 1,977 units in Las Vegas last year through October, representing 1.1 percent of existing stock, trailing the national average of 1.8 percent, according to a recent Yardi Matrix report. The metro’s pipeline included some 11,000 units underway as of October, with another 23,000 in the planning and permitting stages.
