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Faraday moving to month-to-month lease in North Las Vegas

Updated June 10, 2017 - 5:51 pm

Faraday Future’s 12-month lease inside North Las Vegas City Hall expires Thursday.

The company has been paying $5,337 per month (including all utilities except for telephone and internet service) to rent 2,885 square feet on the third floor from the city since last June.

A spokesman for Faraday said it will continue leasing office space from the city on a month-to-month basis with the same rent “to facilitate local operations.”

The company has plans to manufacture electric autonomous vehicles next year out of a roughly 900-acre campus at Apex Industrial Park, but there has not yet been any vertical construction on the site. The company does have staff on-site working out of trailers. A Faraday spokesman said that staff is “managing the launch of vertical construction.”

The company is seeking to raise $1 billion, part of which would be used to spur construction of the Apex facility.

Planned Faraday Future manufacturing plant

Working out of City Hall

Twenty-five Faraday Future employees work out of the leased space inside North Las Vegas City Hall, a Faraday spokesman said, adding that a number of them split their time between Las Vegas and Los Angeles.

“This team is responsible for all infrastructure and process-related engineering that will be required to manufacture FF 91 (Faraday’s flagship autonomous electric vehicle) at the Apex project site,” the Faraday spokesman said.

Plant Director Andrew De Haan, Senior Launch Manager Michael Lemprele and Senior Manager of Nevada Government Relations Detrick Sanford are a few of Faraday’s employees working out of North Las Vegas City Hall.

“Their suite is filled,” said Gina Gavan, director of business development at the city of North Las Vegas. “There are lots of bodies in there, and they have lots of people that come from L.A. weekly in and out.”

North Las Vegas spokeswoman Delen Goldberg said the city leases space to a variety of tenants and Faraday is not uncommon in transitioning from a yearly to a month-to-month lease.

According to plan, official says

The company’s leased space includes a reception area, two offices, a conference room, an open space and shared use of common spaces that include hallways, bathrooms, break rooms and a health center.

“Faraday Future will eventually move our staff from North Las Vegas City Hall to on-site offices at the Apex project site,” a Faraday spokesman said, adding that he “cannot reveal a final timeline at this point” for when that will be.

Gavan told the Las Vegas Review-Journal that everything is going according to plan.

“We went into this 12-month lease thinking that they would be where they are right now — that they would be moving onto their site on Apex,” Gavan said, adding that it makes “more sense for Faraday to be on site” and the company is “already renting trailers that are out there.”

Contact Nicole Raz at nraz@reviewjournal.com or 702-380-4512. Follow @JournalistNikki on Twitter.

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