Last Building Comes Down in Largest Redevelopment Effort in the City of North Las Vegas’ History

Vegas Business Digest -

The City of North Las Vegas, in partnership with Agora Realty & Management, have begun demolition on the last building in a 29-acre parcel to make way for NLV Village, a new mixed-use master-planned commercial district in Downtown North Las Vegas along the Lake Mead / Las Vegas Boulevard corridor.

Courtesy of City of North Las Vegas

The project will bring healthcare and medical services to the City’s downtown along with new restaurants, shops and a series of micro-enterprise units for business start-ups and local entrepreneurs. The micro-business suits range in size from 150 to 450 square feet.

Construction will start immediately on 200,000 square feet of retail space and 125,000 square feet of healthcare and medical office space, set up completion in 24 months. The project is estimated to create more than 900 jobs. Construction began earlier this year on a 22,000 square feet medical office building.

Renderings of NLV Village (Courtesy of Agora Realty & Management)

“The City of North Las Vegas is a very diverse community and that’s a fact we are very proud of,” shared Mayor Pro Tem Pamela Goynes-Brown. “NLV Village is a great example of the progress we have been making as a City in bringing new opportunities, amenities and equity to our residents.”

Agora has been investing in North Las Vegas for the past six years, beginning with the redevelopment of Fiesta Plaza, a 200,000-square-foot grocery-anchored shopping center located on approximately 23 acres in the city’s downtown area.  Agora Realty acquired Fiesta Plaza in mid-2016 with only 55 percent of the available retail space occupied and no anchor stores. Since that time, the firm has fully leased the center, expanding La Bonita Supermarket as well as adding Conn’s, Ross Dress for Less, Ace Hardware, U.S. Bank, Denny’s, Shoe Palace and other local and national tenants.

All told, Agora’s portfolio has more than 550,000 square feet of retail space in North Las Vegas and the greater Las Vegas market with five new, ground-up developments in various phases of development totaling over 350,000 square feet.