Las Vegas Nevada Real Estate Blog

Las Vegas Town Square is the newest mixed-use center, being built at the south end of the Las Vegas Strip.  This 1.9 million square foot development is a joint venture between Centra and Turnberry Associates.  The property will include theatres, restaurants, shops, boutiques and offices, which is a $750 million project.  This exciting new development is part of the 7.4 million square feet of retail space under construction in Las Vegas.  Vacancy in the retail market is only 3.7%, making Las Vegas one of the strongest markets in the country.  Other mixed-use properties, such as The District in Green Valley, Centennial Hills, Paxton Walk, Sullivan Square, to name just a few, are taking advantage of the changing demographics and lifestyles of Las Vegas.  In addition, the rising land costs cause developers to consider highest and best use of property, which has recently proven to be mixed-use, high end developments.  Watch for new developints in Las Vegas, North Las Vegas and Henderson.