Commercial real estate developer Stable Development to start project in coming months
One the fastest growing parts of town, West Henderson, will soon have a new 300,000-square-foot, mixed use project from Stable Development, a Las Vegas-based commercial real estate developer, right down the street from the new Raiders headquarters along the growing St. Rose Parkway corridor.
Stable Development plans to start the project on a 12.5-acre property at the cross streets of St. Rose Parkway and Cactus Avenue in 2019. The 300,000-square-foot development will feature a mix of retail, office and medical space. Pre-leasing for the development is underway.
“This development is perfectly situated in the growing West Henderson area just down the street from the Raiders practice facility, existing retail and the Henderson Executive Airport,” said Lance Bradford, chief executive officer of Stable Development. “We anticipate bringing unique and upscale dining and retail options to Henderson where there is a high demand for these services.”
The commercial real estate developer will begin in early 2019 with The Korte Company for construction and the Cunningham Group, an international architecture firm. Stable Development has made a substantial investment in Henderson recently purchasing 8.15 acres from the City of Henderson for $8.25 million to create the 12.5-acre space for the project.
“We believe in this project and we believe in West Henderson,” Bradford said. “This area is growing quickly with new retail, restaurants and services that will support the surrounding communities.”
Stable Development has experienced substantial growth over the last eight years even though the Las Vegas real estate market was enduring one of the worst economic downturns in its history. Other developments in Southern Nevada include: The Parkway in Summerlin, Corporate Center in the southwest region across from IKEA, Seven Hills Business Plaza, Coronado Medical and Surgery Center.
For more information, contact (702) 735-5532