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Las Vegas redevelopment agency approves purchase of 0.87-acre lot for proposed ArtSpace artist housing

City of Las Vegas Redevelopment Agency · December 18, 2024
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Summary

The Redevelopment Agency voted Dec. 18 to acquire a 0.87-acre parcel at 1431 South Las Vegas Boulevard to advance a proposed ArtSpace affordable housing development estimated at 60–70 units; staff said a development agreement is not yet finalized and the stated purchase price in the record was unclear.

The City of Las Vegas Redevelopment Agency voted Dec. 18 to approve a real property purchase and sale agreement to acquire a 0.87-acre vacant parcel at 1431 South Las Vegas Boulevard for redevelopment and potential affordable housing for artists.

Dina Babski, director of economic and urban development, told the board the parcel is being negotiated for acquisition and is “0.87 acres.” She said the negotiated land rate works out to about $84 per square foot and that ArtSpace, a nonprofit…

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