Fremont9 will offer rentals and retail
The largest residential housing development to hit downtown Las Vegas since the Great Recession has broken ground.
Fremont9, a five-story, mixed-use, multifamily residential project broke ground earlier this month at the intersection of Fremont and 9th streets.
The podium-style building boasts 231 rental units as well as 15,000-square-feet of retail space on the ground floor.
The Wolff Co., a Scottsdale, Arizona-based real estate private equity firm that has owned, developed and managed more than 20,000 multifamily assets nationally, and 901 Fremont LLC, an affiliate of Downtown Project, are partners in the development.
The Korte Co. of Las Vegas was chosen as the general contractor for the 1.3-acre project.
Downtown Project real estate portfolio manager John Curran said Fremont9 has been nearly two years in the making.
“We’ve got a good chunk of land downtown so we had to identify where it made sense for a project like this,” he said. “We chose this half-city block to help connect the gap on Fremont Street in order to make it more walkable.”
Curran added, “There are so many benefits to boosting residential density including more feet and eyes on the street, which leads to greater support for local businesses, a greater perception of safety, more creativity, productive output and happiness.”
Floor plans include studios as well as one, two and three bedrooms and five live-and-work units, which allow tenants to operate a business on the ground floor while living above.
Curran said it was an easy decision to include retail space on Fremont9’s ground floor.
“A mixed-use project is important because it helps with walkability,” he said. “While we’re open to a lot of different things, I’m sure a good portion will be food and beverage but it could be any number of things.”
The apartments will feature quartz countertops, under-mounted sinks, custom tile backsplashes and stainless-steel appliances.
Curran said studios will be in the $800-a-month range.
“I think the studios will appeal to younger single folks while the two- and three-bedroom units will be great offerings for families who want to enjoy living downtown,” he said. “There’s a lot of luxury, high-end options downtown already as well as lower end and I think this middle product will be warmly received in the community.”
While residents will have access to 50 dedicated parking spots on the ground floor as well as nearly 400-space parking spots at the adjacent Llama Lot, which is owned and operated by the Downtown Project, Curran said he hopes tenants will capitalize on the location.
“We’re most excited about those who will ditch their car to bike and walk as well as take advantage of rideshare and transportation networks,” he said.
Fremont9 amenities include a lounge area, pool, fitness center, barbecue area, fire pit and community kitchen.
“It will be very socially conducive,” Curran said. “There will also be a big focus on art as we’ll have rotating display murals on the front of the building and we’ll have different artists painting them over time.”
Construction for Fremont9 is expected to take about 14 months.
“I hope that it fills up quickly and residents are happy living there,” Curran said. “It’s going to be a major game-changer for downtown Las Vegas.”
Contact reporter Ann Friedman at afriedman@reviewjournal.com or 702-380-4588. Follow @AnnFriedmanRJ on Twitter.
