The Korte Company will begin construction on a groundbreaking mixed-use, multifamily project on 1.3 acres in Downtown Las Vegas (DTLV). The project is a partnership with The Wolff Company and 901 Fremont, LLC, an affiliate of Downtown Project.
The 5-story, podium-style building will include 231 units as well as 15,000 square feet of retail space along Fremont Street. It will be the first of its kind in the emerging Fremont East area, which is being revitalized with the help of many investments and initiatives by Downtown Project and its founder, Tony Hsieh, the CEO of Zappos.com, Inc.
Located at the intersection of 9th and Fremont Streets, the property will be within walking distance to dozens of restaurants, bars, and other retailers and small businesses in the urban DTLV district. It will sit adjacent to the largest dog park in DTLV, The Hydrant Club, a block from Downtown Container Park, and a 5-minute walk to the Fremont Street Experience. Residents will also have convenient access to U.S. Highway 95 and Interstate 15, and will be just minutes from the Las Vegas Strip and the UNLV campus.
According to Hsieh, “Increasing the residential density is key to making the Fremont East area a truly vibrant place to live, work, and play. We’re excited to see this development for those who want to live downtown.”
The architect for the project is Humphreys & Partners Architects Nevada, who has integrated urban art and style, which is evident throughout the property from its hip resident lounge and resort-style pool to its premium unit finishes that include quartz countertops, under-mounted sinks, custom tile backsplashes and stainless steel appliances. The project is currently scheduled for completion in 2017.
About The Wolff Company
The Wolff Company has invested in, acquired and developed high-quality multifamily assets for more than six decades. The Company is headquartered in Scottsdale, Arizona and maintains offices in Washington, Massachusetts and California.
About Downtown Project
The goal and purpose of Downtown Project is to help make Downtown Las Vegas a place of inspiration, entrepreneurial energy, creativity, innovation, upward mobility, and discovery. The community-oriented organization does this through the three Cs of collisions, co-learning and connectedness in a long-term, sustainable way.
Downtown Project is an umbrella organization that functions as the equivalent of a holding company, encompassing a collection of investments across small business, technology, and real estate. Downtown Project has allocated $350 million to aid in the revitalization of Downtown Las Vegas.