Apartments slated for failed Spanish View Tower site in Las Vegas
Clark County commissioners approved plans for an apartment complex at the site of a failed high-rise project.
Plans call for 608 apartments, some retail space and underground parking at the site off Buffalo Drive just south of the 215 Beltway, in the southwest Las Vegas Valley.
The County Commission on Wednesday voted 7-0 to approve project plans, county spokesman Dan Kulin said. The Planning Commission issued its approval last month.
Project developer Tim Deters, founder of Tru Development Co., has said that he could break ground on the complex, called Kaktus Life III, by around mid-2018 and finish in 2020.
During the bubble years last decade, Rodney Yanke acquired the property and broke ground on Spanish View Tower. He planned to build three 18-story condo towers, but after work crews excavated the site and started building an underground garage, construction stopped, and creditors filed court papers to push the stalled project into bankruptcy.
Investor and broker Jack Woodcock, a lender for Spanish View, acquired the 15-acre property through foreclosure in 2012.
Contact Eli Segall at esegall@reviewjournal.com or 702-383-0342. Follow @eli_segall on Twitter.
