**Mixed-Use Approved Parcel Sells Near Las Vegas Strip for $24.2 Million**
HMV Group has sold a 10-acre parcel located in the Chinatown District near the Las Vegas Strip for $24.2 million. The buyer, Fore Company, has secured entitlements for the development of 380 residential units and 30,000 square feet of commercial space.
The upcoming mixed-use project is set to include retail, office, multifamily housing, and restaurant offerings. Fore Company’s acquisition reinforces its growing footprint in Las Vegas. The firm has already developed three notable multifamily communities in the Chinatown area: Lotus (295 units), Jade (287 units), and Coya (226 units).
The Chinatown District is a thriving hub featuring more than 20 strip malls, over 150 restaurants, several Asian supermarkets, and a diverse selection of boutique retail shops—a testament to the area’s ongoing appeal and demand for high-quality urban living and amenities.
The transaction was facilitated by Adam Malan, Deana Marcello, Gabe Skerlich, and Mike Mixer of Colliers International’s Las Vegas office.
