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Redevelopment agency approves $8.7 million amendment for West Side market hall and workforce housing support
Summary
The RDA approved a second amendment to a master lease with Art House 4 LLC to fund tenant improvements and support a market hall within a mixed-use project on the historic West Side. The amendment covers up to $8.7 million, with an estimated $4.3 million reimbursable by a federal CNI grant.
The City of Las Vegas Redevelopment Agency voted to authorize a second amendment to the master lease with Art House 4 LLC, not to exceed $8,700,000, to fund tenant improvements and related costs for a market hall located at the northwest corner of D Street and Jefferson Avenue in the historic West Side.
Agency staff said the larger mixed-use development — by Cherry Development — includes 104 workforce housing units and nearly 9,000 square feet allocated for a market hall.…
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