Las Vegas Real Estate News

Water Street, Henderson Continues To Grow

The Henderson redevelopment advisory commission approved a notice of intent to sell some land to a development group. That group plans to build a six-floor building near the intersection of Water Street and Atlantic Avenue, right across the street from the future Vegas Golden Knights community ice arena.

The bulk of the building will be dedicated to 120 apartments. 15,000 square feet will be given to retail and restaurants and a similar amount of space to office space.

All of this is part of the city's efforts to rehabilitate Water Street and revitalize the entire area. The ultimate goal is to create an entertainment hub in downtown Henderson and attract people who enjoy an urban environment.

Water Street, Henderson Continues To Grow

"So anybody that wants to give up the suburbia or the suburban lifestyle and move back to the heart of the city and enjoy a walkable community, that's who we're looking for," Tom Wucherer, a founding member of Strada LV, told the Las Vegas Review-Journal.

The city will be paid about $400,000 for the land from the developers. Strada LV will also pay $30,000 to demolish the Chinese restaurant that sits vacant at that spot right now.

This project, and others that the city is working on with other developers, will be part of the revitalized downtown, making the heart of Henderson a must-visit spot for locals and visitors alike. The move for many suburbanites to more densely packed areas is simply to reduce transportation costs and keep everything they need close at hand.

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