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GSG Submits for Major MXD Project

LAS VEGAS-A 40-acre gravel pit in Henderson, NV, would hold 1,700 residential units and 850,000-sf of commercial, office, hotel and civic space in a GSG Development project.

By Brian K. Miller | Updated on September 22, 2008

LAS VEGAS-Locally based Glen, Smith & Glen Development is seeking entitlements for a 40-acre mixed-use development in Henderson, NV, a southeast suburb of Las Vegas. The site is adjacent to a city-owned, 100-acre former gravel pit that is slated to become a park. The GSG proposal, which goes before the city’s planning commission next month, calls for 1,588 residential units and 850,000-sf of commercial, office, hotel and civic space, according to city documents.

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.

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