LAS VEGAS – Dapper Companies, headed by Las Vegas native and longtime local real estate broker and developer J Dapper, has purchased three key properties in the historic Huntridge area of Downtown Las Vegas and has started redeveloping them.
Dapper Companies is a commercial real estate brokerage firm and development company that builds and redevelops retail, office and warehouse space throughout Southern Nevada. It also represents landlords, tenants, property owners and investors in buying, selling and leasing commercial property.
In October, Dapper Companies and a related company called Ten15 Development invested more than $6 million to buy three key commercial real estate properties in the historic Huntridge area near the intersection of Charleston Boulevard and Maryland Parkway in Downtown Las Vegas. Dapper and his companies are already hard at work remodeling and improving these properties, some of which he said feature “great examples of modern Googie architecture,” but have not been properly and professionally maintained and managed over the years. They include:
• 1120 E. Charleston Blvd., the Huntridge Shopping Center, consisting of about 62,000 square feet, purchased for $5.2 million.
• 602 S. Maryland Parkway, including about 12,000 square feet of retail space and a four-plex, purchased for $775,000.
• 630 S. 11th Street, consisting of about 5,000 square feet of retail space, purchased for $415,000.
Dapper has made no secret of his interest in also eventually purchasing the property housing the historic Huntridge Theater building at Charleston Boulevard and Maryland Parkway, though he adds that he currently has his hands full redeveloping the surrounding properties he already owns.
The Huntridge Theater opened in 1944 and was listed on the National Register of Historic Places in 1993. In recent years, it has been the subject of several failed attempts to reopen or redevelop the local landmark that once hosted movies, concerts and all sorts of other performances.
“We’re really focused right now on the three properties we already own in this neighborhood,” Dapper said. “We’re spending lots of time, money and effort improving these properties and the surrounding neighborhood.
“We want to build on all the redevelopment efforts and momentum that have been happening on East Fremont Street and other parts of downtown and extend them to this corner and this neighborhood. To us, it isn’t just about the Huntridge Theater. It’s really about the whole Huntridge neighborhood. There are so many people who live and work in this area who are very passionate about it, and we want to work with these people and others to make this area the best that it can be.”
Dapper said his companies have developed a successful track record during the past decade of improving similar urban and suburban properties throughout Southern Nevada, including a now-successful shopping center near Sahara Avenue and Nellis Boulevard. For a list of previous Dapper Companies real estate projects, visit www.DapperDevelopment.com.
About Ten15 Development
Since 2006 Las Vegas developer and broker J Dapper has joint-ventured on more than a dozen ground-up developments and shopping center projects in Southern Nevada with real estate attorney Scott Silver, of Proskauer Rose LLP and Silver Law Offices. Together, they investigate, acquire, build, lease, develop, finance, manage and operate more than 250,000 square feet of commercial real estate.
About Dapper Companies
Dapper Companies is a premier commercial real estate brokerage firm and development company. It builds top-quality retail, office and office/warehouse space throughout Southern Nevada. It also represents landlords, tenants, property owners and investors in buying, selling and leasing commercial property. For more information, visit www.DapperDevelopment.com.