North Las Vegas: State of the City Recap
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Last Thursday, North Las Vegas Mayor John Lee delivered his annual State of the City address to over 700 attendees including us. Here are the highlights of the presentation:
- A $5 billion healthcare campus development plan near the VA Hospital
- Industrial real estate development is booming
- A $200 million liquid hydrogen plant is scheduled to open next month and will convert gas from garbage into renewable fuel
- Water-pipeline update on Apex Industrial Park
A $5 Billion Healthcare Campus Development Plan
The City of North Las Vegas recently sold 135+/- acres of land located along the 215 Beltway near the VA Hospital to Pacific Group for $37 million. Pacific Group is also the developer of the Lake Las Vegas master plan community. When completed, the healthcare campus wills serve Southern Nevada and introduce biotech innovations and create thousands of high-wage jobs. Pacific Group has over 35 years of experience in master planning, development and construction of commercial, residential and resort properties.
Industrial Real Estate Development is Booming
In 2021, North Las Vegas surpassed 100 million square feet of development and its Permit Application Center surpassed $1 billion of new money invested into the community - for the second year running.
- Kroger, a grocery giant that owns Smiths, has plans to build 1 million square feet of industrial space, employ more than 200 people, and invest $200 million into North Las Vegas.
- In November 2021, Tapestry, Inc. broke ground on a fulfillment center, which is expected to add over 400 full-time jobs by 2029.
- Dermody Properties is building a 664,300 square foot distribution center and is scheduled to complete in Q1 2023.
- Ball Corporation, a Fortune 500 Company, will build a $290 million multi-line manufacturing facility in the Miner’s Mesa, located at the southern end of Apex Industrial Park. The facility is expected to create nearly 180 jobs.
- VanTrust Real Estate, a commercial real estate development firm, acquired 350+/- acres at the southern side of Apex last year with plans to develop a 4.5 million square foot industrial park called Vantage North. VanTrust is also the developer of the Sephora and Amazon distribution centers in North Las Vegas.
Technology and Green Energy
A $250 Million Liquid Hydrogen Plant Scheduled to Open in May 2022
When completed, Air Liquide’s $250 million large-scale hydrogen plant will provide renewable fuel to liquid hydrogen stations across the west coast. Founded in 1902, Air Liquide is a French multinational company which supplies industrial gases and services to the medical, chemical, and electronic manufacturing industries. It is present in 75 countries with approximately 66,400 employees.
Autonomous Delivery Vehicle
Nuro, an autonomous delivery vehicle company, broke ground on a 100,000 square foot facility that is expected to crate 200 high-skilled technology sector jobs. Combined with its nearby testing facility, it is expected to have a $2.2 billion economic impact over the next decade.
Water-Pipeline Update on Apex Industrial Park
We cannot talk about North Las Vegas without mentioning Apex. With over 20,000 acres, Apex Industrial Park is Southern Nevada’s largest industrial park and has huge potential. It is projected to create 73,000 jobs and $7 billion of investment over the next 20 years. However, lack of infrastructure development blocked developers and tenants to build in Apex.
The good news is that phase two of the Western States Contracting water-pipeline is under construction, and design has begun on the new Southern Nevada Water Authority waterline and sewer collection system, solving decades of infrastructure challenges.
The $54 million Western States Contracting project was approved in 2018 for the construction of a 12-mile pipeline from North Hollywood Blvd to the southern end of Apex. When completed, this pipeline can deliver water to more than 3,000 acres of land.
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Thank You North Las Vegas
We are long-time Vegas valley residents, and we want to thank the North Las Vegas team for bring this city back to live from the 2008 recession. When the global financial crisis hit in 2008, all of the construction sites in the valley stopped and Vegas was known as the worst place to invest in. At that time, North Las Vegas almost become the "Detroit in the west coast". Fast forward to 2022, we have never seen this many activities and high-energy excitement in North Las Vegas. This city has come a long way. Thank you!
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