New VenturePoint Speedway Breaks Ground
TWC Construction has begun work on the 160,000-square-foot VenturePoint Speedway development. VenturePoint is building the $25 million project in the growing Las Vegas Speedway area in North Las Vegas. The project, which is scheduled for completion in mid-2008, consists of 16 concrete tilt-up units ranging in size from 6,000 square feet to 32,000 square feet. It is located at the corner of Tropical Parkway and Mt. Hood Street. All units will be turn-key, move-in-ready, including office build-out with mezzanine storage.
Dermody Properties Acquires Land to Develop Industrial Park
Dermody Properties announced the acquisition of land to develop its new industrial park, LogistiCourt at Silver Lake in Reno. The land is located immediately west of the Moya Boulevard/Lear Boulevard intersection. When built-out, the park will accommodate three distribution/warehouse facilities totaling nearly 1.4 million square feet. The first facility will be a 545,550-square-foot multi-tenant, cross-docked distribution center located on a 24-acre site. It is scheduled for completion in the summer of 2008.
PENTA Building Group Tops Off World Market Center Building C
The PENTA Building Group announced the topping off of the steel frame for the third building of the World Market Center Las Vegas. Located at 495 S. Grand Central Parkway, the $550 million, 2.1 million square-foot building has a contemporary architectural design. Upon completion, in the third quarter of 2008, the 16-story, steel-framed building will measure 250 feet wide by 700 feet long. The entire project will consist of 17,500 tons of steel.
Centennial West LLC Breaks Ground in North Las Vegas
Larry Monkarsh, owner of Las Vegas-based LM Construction Co. and Gene Markarsh, co-owner of EJM Development Co. have teamed up to develop 40 acres in North Las Vegas with their newly established entity, Centennial West LLC. The two buildings will be situated on the 10 acres bordered by Centennial Parkway and Mt. Hood Street. Together, the buildings will offer a combined total of more than 158,000 square feet of space and are scheduled for completion by the fall of 2008. Ten acres have been purchased by Southwest Gas and plans are being developed for the remaining 20 acres.
TWC Construction to Build Next Phase of Henderson Commerce Center
TWC Construction announced it has been awarded the contract to build the next phase of the Henderson Commerce Center for Harsh Investment Properties. The new project consists of five single-story concrete tilt-wall buildings, totaling 238,000 square feet. The office, flex and manufacturing/distribution facilities are situated on 17 acres at the intersection of Warm Springs and Eastgate Roads in Henderson. The project is adjacent to the Henderson Commerce Center Phase IV and increases the total size to 600,000 square feet. The project is slated for completion in the third quarter of 2008.