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Several large multifamily and mixed‑use projects continue; RDA incentives aimed at spurring downtown development
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Summary
Building & Safety staff reported several active large projects — including multifamily, medical and master‑plan sites — and highlighted redevelopment incentives intended to encourage downtown projects such as undergrounding utilities.
Michael Cunningham, building official for the City of Las Vegas, told the board the department continues to process large projects but at lower volume than prior years, which is reflected in current permit revenue trends.
Cunningham listed active projects and their reported sizes: Sunrise (described as a two‑story apartment project of 121 units), Eli at Rancho (324 units), Gateway multifamily (230 units), and a proposed four‑story medical office at Mountain View. He reported 78 projects in review with valuations totaling $16,593,610 for projects over $100,000; by comparison the department previously had 148 projects totaling roughly $35 million.
For very large projects (over $500,000 in valuation) Cunningham said the department had 79 permits in review with a combined valuation just under $968 million, versus 135 permits and just over a billion dollars at the prior check-in.
Cunningham described a proposed medical‑district apartment project at the southwest corner of Alta and Tonopah — roughly 200 units with 500 square feet of ground‑floor retail — and an RDA (redevelopment agency) effort to buy nearly an acre on Las Vegas Boulevard to support affordable housing near the Arts District. He said the RDA also proposed an electrical utility incentive program to help offset the cost of undergrounding utilities downtown and that the RDA and EUD are actively working with downtown developers.
Cunningham briefed the board on several development agreements and large projects in negotiation or review: Desert Pines (development agreement to go to council June 4), the Upper Las Vegas Wash (still in negotiation), and a 505‑acre BLM site (BLM 505) with a maximum potential of 3,500 residential units; the BLM 505 project has started showing infrastructure permits. He also noted the District 2 commercial complex where Universal Studios is a primary tenant; Universal has a temporary certificate of occupancy to prepare for stocking and training in May and a grand opening planned for August.
Cunningham said land sales in Summerlin to homebuilders indicate more activity may resume and that the department will continue to track valuation, plan‑review backlogs and staffing needs to match workload.
