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Plise Planning $2B Mini-City in Henderson

LAS VEGAS-The phased 126-acre project will consist of 600,000 sf of retail, one million sf of office, a boutique hotel and 2,500 units. The first phase is slated to open in 2009.

By Brian K. Miller | Updated on May 21, 2007

LAS VEGAS-The latest mini-city mixed-use project for the Las Vegas Valley is City Crossing, a $2-billion development located 10 miles south of the Strip, near Henderson Executive Airport and the planned M Resort. The phased 126-acre project by locally based Plise Cos. is slated to include 600,000 sf of retail, 1.5 million sf of class A office and 2,500 residential units built around 17 acres of parks, trails and other public spaces.

Albeit bigger than both, the project is modeled after Keirland Commons in Scottsdale, AZ and Santana Row in San Jose, CA. John Field of Plise tells GlobeSt.com that site grading and infrastructure work is under way and that vertical construction will begin in fall 2008.

The $500-million, 30-acre first phase, slated to open in fall 2009, will include all of the office, 100,000 sf of retail, 180 residential units and a 160-room boutique hotel. Eight lenders are providing the construction financing, he says. The entire development is expected to be completed by 2014.

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