320-Units located in Southwest Las Vegas, Nevada
Warmington has closed escrow on 6.41 net acres in Las Vegas, Nevada, at Warm Springs Rd. and Cimarron Rd. and construction began this spring on the luxury 320-unit Core community of 1- and 2-bedroom apartments ranging in size from approximately 638 to 1,324 square feet featuring upgraded interior finishes. Located adjacent to Desert Marketplace Retail Center and James Regional Sports Park, Core is an above grade podium-style 4 story, with one-sided wrap construction.
This is a premier southwest location with onsite shopping and restaurants. At build-out, the upscale community will be comprised of numerous lifestyle amenities including two expansive fitness centers with an outdoor fitness space and fitness studio, an all-sports simulator, putting green, resort-style pool and spa, sauna, game room loaded with shuffleboard, pool table and foosball, and outdoor park spaces. The numerous outdoor spaces are complete with BBQs, cabanas, fire pit, a bocce ball court, and a rooftop deck. The interior spaces offer a gourmet demonstration kitchen, lounge areas, and private workspaces.
Comerica Bank and City National Bank provided construction financing. The project is slated to open in Q4 2022.
Core Apartment Homes will join Warmington’s multifamily portfolio, which consists of 16 apartment communities (3,697 units) and 3 student housing buildings (49 units/232 beds).
To learn more about this transaction, please contact Greg Oberling at GregO@WarmingtonGroup.com.