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Phoenix & Southwest  + Southwest  + Apartments  |  January 2, 2026
The Presley
Mike Boyd
By: Mike Boyd

CEDARst Starts Work on $82M LV Apartment Project

CEDARst Companies broke ground on The Presley, an $82 million multifamily project located in the heart of the Las Vegas Medical District. 

Designed by Booth Hansen with OS Construction as general contractor, the seven-story, 275,000-square-foot community is scheduled to deliver in 2028 and will introduce 236 new residences.

The project is being financed by a $56.0 million construction loan provided by North River Partners and funds managed by AB CarVal. Financing was arranged by Berkadia. The community will offer a mix of studio, one, and two-bedroom units, including a portion designated as affordable housing.

Amenities include a fitness center, co-working lounge, golf simulator, and a rooftop pool deck overlooking the district. 

The Presley represents CEDARst’s tenth Qualified Opportunity Zone development nationwide.

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About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.
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