The Village at UNLV

University of Nevada, Las Vegas Off-campus student housing

PROJECT OVERVIEW

Location: Directly across the street from UNLV

Acres: 3.67 acres

215 Units/601 Beds

1500 SF Retail Space

One, Two, Three and Four Bedroom Apartments

Construction Cost: $52.7 M

Total Budget: $60.3 M

Financing: $44.0 M Construction Loan

Construction Start: December 2017

Target Construction Completion: June 2019

Target Occupancy Time: August 2019

Description

RedBridge Capital acquired a 3.67 acre parcel of land and related land use rights for the proposed development of 215 units/601 beds of student housing in October 2016. RedBridge is co-developing the project with Future Land Holdings (HK), a Hong Kong publicly listed company with a market capitalization of $15 billion and a top 10 developer in China.

Total development cost is estimated at $60.3 million, including a rentable residential area of 207,237 sf, 6,000+ sf amenity center, 7 study lounges, 8 private study rooms, 1,500 sf retail space and 215 parking spaces. Construction completion is targeted for June 2019 and open for occupancy in August 2019.

UNLV main

Investment Strategy

Integrating a unit mix to optimize the revenue while enabling a range of affordability for the primarily student residents  in the UNLV Market.