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Phoenix & Southwest  + Southwest  + Apartments  |  December 2, 2021
Las Vegas
Lisa Brown
By: Lisa Brown

New Ownership Plans to Develop Midrise Apartments on Las Vegas Site

A 14.57-acre site located at the southwest corner of Arby Avenue and Gagnier Boulevard in Las Vegas recently sold for $15.25 million. The land’s zoning classification is Urban Village and the new ownership plans to develop midrise apartments on the site.

The Southwest submarket has been booming with construction, experiencing the fastest growth in Southern Nevada and is home to a multitude of major recent completions as well as new planned developments. Situated adjacent to the new Uncommons development, its location allows access to Durango, Warm Springs and the 215 beltway, McCarran International Airport (10 minutes) and the Las Vegas Strip (15 minutes).

Avison Young principals Pat Sauter, Art Carll-Tangora and Steve Nosrat exclusively represented the seller, a Nevada-based limited liability corporation, in the sale.

Read More News Stories About: Avison Young
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Inside The Story

Patrick Sauter

About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.
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