The property is located off the northwest corner of Stephanie Street and Wigwam Parkway, just north of Interstate 215. An apartment complex was approved for the site in 2004. In 2006, a small mixed-use project was approved for the site. Neither project was ever built. Meanwhile, most of the rest of the area has been built up with office parks, strip malls and tract homes. GSG acquired the property in spring 2007 for $51 million from KB Homes, which had acquired it a few months earlier for $50 million from Centra Properties.

The current proposal, which goes before the planning commission Oct. 16, calls for five towers and other smaller structures at the northwest corner of Stephanie Street and Wigwam Parkway. In addition to the potential park, the site borders Union Pacific railroad right of way that the city anticipates will accommodate a future transit link.

Three of the towers, two with 30 stories and one with 13 stories, would be residential, while the other two would be a 12-story hotel and a 13-story office building. The development would also include several smaller residential buildings of two to four stories in the form of lofts, townhomes and brownstones.

Sullivan Square rendering

For the proposal to gain approval, the City of Henderson will have to waive its height limits for all five towers and be comfortable with how the increased load on the area's infrastructure would be mitigated. For the proposals to actually be built, eventually would need construction financing on profitable terms, which may be the hardest part these days. GSG did not immediately return a phone call seeking comment.