The Howard Hughes Corp. has completed a refinancing of Downtown Summerlin, its large-scale mixed-use development in the Las Vegas area, with a new $300 million loan provided by U.S. Bank. The financing is secured by a 400-acre property that serves as the central business district for Summerlin, a 22,500-acre master-planned community west of downtown Las Vegas.
Downtown Summerlin brings together office, retail, residential, hospitality and entertainment uses in a single walkable setting. The project currently includes 933,000 square feet of office space along with nearly 1.4 million square feet of retail space, complemented by multifamily and hotel components that support both daytime and evening activity.
The office collection at Downtown Summerlin features several notable properties. ONE Summerlin is a 200,000-square-foot office building, while Two Summerlin adds another 150,000 square feet of workplace space. The 1700 Pavilion building contributes an additional 267,413 square feet of office, underscoring the project’s role as a major employment hub within the Summerlin community.
Residential offerings at Downtown Summerlin include Tanger and Tanger Echo, a two-phase community totaling 562 units, as well as Constellation, a 124-unit residential property. Together, these buildings provide 686 multifamily units integrated into the broader mixed-use environment, supporting on-site retail and services and contributing to the district’s live-work-play character.
The hospitality component is anchored by Red Rock Casino, Resort & Spa, a 17-story property that adds hotel rooms, gaming, dining and entertainment to the district. This resort, combined with the surrounding retail and office uses, helps position Downtown Summerlin as a regional destination for both residents and visitors.
According to Commercial Search, Howard Hughes delivered the first phase of Downtown Summerlin in 2014 and has continued to expand the development since that initial opening. Ongoing additions over time have built out the mix of office, retail, residential and hospitality assets that now define the project.
Geographically, Downtown Summerlin is located at the intersection of Clark County Road 215 and West Charleston Boulevard. This position within the larger Summerlin master-planned community places the property approximately 13 miles west of downtown Las Vegas, giving it access to regional transportation routes while serving as the commercial core for the surrounding residential neighborhoods.
The new $300 million refinancing underscores the scale of Downtown Summerlin and its importance within the broader Summerlin community, while consolidating capital for a mature mixed-use asset that has been built out in phases over more than a decade.
