Liquor Distributor Completes Warehouse
Precision Construction, Inc. has completed a 149,000-square-foot warehouse in the Spanish Springs area of Sparks for Silver State Liquor and Wine. The warehouse contains a 35,000-square-foot wine room and a state-of-the-art conveyor system that can handle 2,000 cases per hour. Silver State had been located in central Sparks for 19 years, but needed room to expand. The new location includes enough land for an additional 100,000 square feet to allow for future growth.
Ground Broken for Retail Project
EJM Development recently broke ground for The Arroyo Market Square, inside the master-planned community of The Arroyo in southwest Las Vegas. Construction on the 940,000-square-foot shopping center will begin this summer and is scheduled for completion in the second quarter of 2007. Several major retailers have already signed leases, including Best Buy, Home Depot, Wal-Mart, Petsmart and Bed Bath & Beyond. The development will be situated on the south side of the I-215 Beltway between Rainbow Boulevard and Tenaya Way. The Arroyo community will eventually contain more than 4.5 million square feet of office, retail and industrial space.
Vista Business Center Completes Phase I
Vista Business Center, a master-planned business park in Reno, has completed construction of Phase I. WM Architects Nevada, Inc., an affiliate of California-based Ware Malcomb, designed the 118,000-square-foot project, containing two light industrial buildings with 17 units ranging from 3,774 square feet to 12,746 square feet.
Construction on the second phase of the park, which will feature two light industrial buildings and three office buildings, is scheduled to begin later this summer. The Voit Companies is the developer of the Vista Business Center, and the general contractor is Valley Commercial Contractor.
Community Planned for North Las Vegas
Olympia Group paid $639 million for 2,675 acres in North Las Vegas at the Bureau of Land Management auction in November. The company recently revealed designs for a master-planned community on the land, which will eventually house 45,000 to 50,000 residents. The City of North Las Vegas has approved plans for 16,000 residential units, ranging from entry-level to executive homes. The community will also contain five elementary schools, a middle school and library, in addition to police and fire stations. A trail system and 40-acre sports park are included in plans for the parcel’s 130 acres of open space. An additional 300 acres have been set aside for a preserve for endangered natural plant species.
Condo Project Celebrates “Topping Off”
One Queensridge Place recently commemorated the official “topping-off” of its first phase of custom home condominiums. Located within the Queensridge master-planned community in western Las Vegas, the project is approved for a total of 385 homes, with prices currently ranging from $1.6 million to more than $20 million. Two 18-story towers totaling 219 units mark the first phase of development. Phase Two will include an additional 18-story building and a 14-story building. Phase I homes range in size from approximately 2,000 square feet to more than 16,000 square feet. The 20-acre development sits adjacent to the Badlands Golf Club. The project was designed by JMA Architecture Studios; Perini Building Company is acting as general contractor. One Queensridge Place is being developed by Queensridge Towers LLC, owned by affiliates of Executive Home Builders, Inc. and other investors.