Southwest City Scoop: Construction Starts in Las Vegas
Total Construction Activity Expected to Climb by Nearly $1 Billion Throughout 2018
Education, public works and highway and bridge projects lead the way; commercial sector will also post strong gains.
City Grill
Vivek Sah
Director, Lied Institute for Real Estate Studies,
Univ. of Nevada, Las Vegas
Gaming and entertainment dominate, but Sah says thanks to abundant available land and a strategic location, Las Vegas is becoming a distribution and warehousing hub. According to Collier’s third-quarter report, southern Nevada’s industrial construction was projected to reach 7.9 million sq ft for 2017, Sah says. Additionally, residential activity remains strong in Henderson and Summerlin. “This is the largest inventory increase yet recorded in southern Nevada, surpassing the booming periods of 2005 and 2006,” he adds.
Firm in Focus
Martin Harris Construction
3030 South Highland Drive, Las Vegas
President: Guy Martin
Founded: 1976
What’s New: The company recently landed a contract for restarting the stalled Degree project, a 700-bed student housing complex for the University of Nevada, Las Vegas.
