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Plise Adjusts Mix of Uses for $2B City Crossing

LAS VEGAS-With site work under way, the developer of the six-million-sf project adds retail, trims the office component and converts some condos to apartments.

By Brian K. Miller | Updated on January 15, 2008

LAS VEGAS-Plise Development and Construction LLC has adjusted the components of its $2-billion City Crossing mixed-use development here to take advantage of the current market. With grading and infrastructure work in full swing and vertical construction slated for June, the company’s VP of legal affairs John Field tells GlobeSt.com that the 126-acre, six-million-sf project will have more retail than originally planned, less office, and will replace some of the planned condos units with apartments.

The development is located near the $1-billion M Resort, Spa and Casino, which is under construction, as well as Henderson Executive Airport. It will serve the residential communities of Southern Highlands, Inspirada, Seven Hills, Anthem, Sun City, Silverado Ranch and Green Valley.

Originally, the plan called for 1.5 million sf of class A office, 600,000 sf of retail, 2,500 luxury condominiums and two boutique hotels. As things now stand, the office component has been reduced to one million sf, the retail has been increased to one million sf, and the residential component, which remains at 2,500 units, will now include an apartment component that will be built before the for-sale product, allowing time for the local housing market to rebound.

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