A new $180 million apartment community, Flats Arts District, is set to be developed in the Las Vegas Arts District by a joint venture between CEDARst Companies and Bridge Investment Group (NYSE: BRDG). This marks the third collaboration on a ground-up multifamily development for these two companies.
The project will feature 311 units, including studio, one-bedroom, two-bedroom and three-bedroom options. In addition to residential units, there will also be 5.100 square feet of retail space on the ground floor. The apartments will offer balconies and amenities such as a fitness center with spa facilities and saunas, coworking spaces curated by experts,and a sunset deck/lounge area. Parking for residents will consist of 317 stalls.
Located less than five miles from the famous Las Vegas strip,the groundbreaking for this project is scheduled for February with an expected completion date in Fourth Quarter 2025.
