Remington Nevada, a premier commercial land developer in the Southwest, has closed on a $37.5 million loan to complete the final two phases of development for the Mountain’s Edge Marketplace project, a 250,000-square foot retail center at Blue Diamond Road and Buffalo Drive in Southwest Las Vegas.
Already in its second phase, the half-mile long property currently anchored by an Albertsons grocery store will be joined by new junior tenants including Burger King, Chase, T-Mobile and other neighborhood services.
“This next stage is really exciting because residents will continue to see progress as we start to build a neighborhood go-to for this vast, growing community,” said David DelZotto, Founder and President of Remington Nevada. “When designing Mountain’s Edge Marketplace, we wanted to create a shopping center that was convenient and community-centric.”
The third and last phase of the development will include finalizing and building more junior anchors, as well as restaurants and service-based businesses. Remington is currently in negotiations with a well-known clothing retailer and fitness center to fill the coveted spots.
In total, when all phases of development at Mountain’s Edge Marketplace are complete, 370 new jobs will have been added to the local community.
About Remington Nevada
Remington Nevada was founded in 2012 by David J. DelZotto, an entrepreneur who has been in the real estate and land development industries for more than 30 years, both in Canada and the United States. In 1992, DelZotto started Remington Homes, and for 12 years, focused on the development and construction of single-family and custom luxury homes in Southern Nevada. In 2003-2008, Remington Homes branched into the land development business and acquired raw land in Nevada, Arizona and California for the purpose of entitling the property for future development. During this time, Remington Homes rezoned, engineered, and mapped more than 500 single-family lots, which were then sold to homebuilders such as Centex, Pulte and DR Horton. In 2012, Remington Nevada was created, once again expanding the company into the commercial land development marketplace with projects in Southern Nevada and Phoenix metropolitan areas.
For more information, visit www.remingtonnevada.com follow Remington Nevada on Facebook, Instagram and LinkedIn: @RemingtonNevada or Twitter @RemingtonNV.