The Village at UNLV
University of Nevada, Las Vegas Off-campus student housing
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
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.
Integrating a unit mix to optimize the revenue while enabling a range of affordability for the primarily student residents in the UNLV Market.