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national   /   March 2, 2020

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By: Connect Media

Silverstein/CantorFitz JV Preps for LV Opportunity Zone

A joint venture of New York City’s Silverstein Properties and Cantor Fitzgerald has announced a 9.6-acre opportunity zone-qualified project site slated to deliver a 334-unit multifamily complex, as part of programmatic investment partnership set to acquire and develop qualified Opportunity Zone projects. This is Silverstein’s first Las Vegas project.

According to a report in the Las Vegas Review Journal, the JV will be working locally with Las Vegas-based Tru Development Co. to build the five story project, including one level of secured parking, near the Meadows mall in an area northwest of the Las Vegas Strip.

Tru’s Tim Deters says the partners expect to break ground by October. Silverstein Properties’ CEO Marty Burger says his group figures a project next to Meadows will work, offering tenants a short walk to more than 100 clothing shops, eateries and other retailers at the mall.

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