Construction is back on at a big mixed-use project that stalled during the recession.
The Gramercy, initially launched as Manhattan West in 2008 and halted in 2009 due to poor residential sales, now has 100 construction workers on its 20-acre site at Russell Road and the 215 Beltway in southwest Las Vegas.
Peak construction employment will hit 500 during the project’s buildout in the next six months, developers said.
Nearly 40 vendors and subcontractors will work the site through fall. Martin-Harris Construction is the general contractor, and Thomas & Mack Development Group is the development consultant overseeing building.
“It’s a sure sign of economic recovery and a positive development for the neighborhood to see construction underway on The Gramercy,” said Clark County Commissioner Susan Brager, who serves The Gramercy’s District F, in a statement. “Every day, progress is made to bring the vision of this exciting development to life that will go a long way in helping to ensure the area’s ongoing vibrancy.”
Residents are scheduled to begin moving into the 500,000-square-foot project, now a rental community, during summer.
The Gramercy will have a nine-story high-rise with 85 units, and an urban village with 160 attached homes surrounding a central park. There’ll also be retail and office space.
WGH Partners of Las Vegas and The Krausz Cos. of California bought the property in 2013 and are finishing it.
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