![]() “I viewed that as a great opportunity,” he said.Īuric’s rents start at just over $1,300, and units range from 591 to 1,452 square feet, the developer announced last month.īrennan, of Aspen Heights, told the Review-Journal that his firm liked the project site because it’s in a tax-incentive Opportunity Zone and because the city has invested heavily in the downtown area. Southern Land founder Tim Downey said in a statement Wednesday that he “grew to love Las Vegas on many trips with my wife over the years,” and that during their visits, he noticed there weren’t many luxury multifamily housing options that offered “convenient access” to downtown and the Strip. “That’s kind of been the vision all along – we wanted a new neighborhood,” he said. Mayor Carolyn Goodman has described Symphony Park - home to The Smith Center for the Performing Arts, Discovery Children’s Museum, and Cleveland Clinic Lou Ruvo Center for Brain Health - as the epicenter of culture and medicine in Las Vegas, where people can live near the Arts District and nightlife.īill Arent, the city’s deputy director of economic and urban development, said Wednesday that the original goal of Symphony Park’s mid-2000s master plan was to have a mixed-use area. Landlords have also faced increased competition from the for-sale market, as rock-bottom mortgage rates have sparked a homebuying frenzy in the valley.īut the rental market has by no means collapsed – in some ways it has gained momentum amid the turmoil – and the new buildings in Symphony Park help fulfill the city’s long-sought vision for the 61-acre stretch of land off Grand Central Parkway and Bonneville Avenue. Many tenants have tapped unemployment benefits, stimulus funds or other relief programs to pay their rent amid huge job losses. Southern Nevada’s apartment market has faced plenty of questions during the coronavirus outbreak. Nashville developer Southern Land Co., meanwhile, expects its first batch of renters to move in next month to Auric, a 324-unit complex that also promises a resort-style pool area, a “serene” yoga studio, concierge service, and more. Its first tenants are expected to move in May 31, Aspen Heights development manager Patrick Brennan said Wednesday. ![]() Texas developer Aspen Heights Partners held a ribbon-cutting last week for Parc Haven, a 290-unit complex that boasts a resort-style pool terrace, a “serenity” studio with massage tables, a dog spa, and other amenities. (Ellen Schmidt/Las Vegas Review-Journal) upscale apartment complexes are opening across from each other in Symphony Park, bringing a wave of new units to downtown Las Vegas. Monthly rents begin at $465 for a 1 bedroom, $569 for a 2 bedroom, and $650 for a 3 bedroom for those making 30% of the AMI which ranges from $18,789 to $42,300 depending on household size with rents increasing for those making 40, 50, 60, 70, and 80% of the AMI.ĥ% of units are set aside for applicants with mobility issues and 2% for those with visual or hearing impairments.ĥ0% of units are set aside for applicants who live within Bronx Community Board 1 (you can enter your address here to see which community board you live in) and 5% of units are set aside for New York City employees.The Auric apartment complex at Symphony Park on Wednesday, May 19, 2021, in Las Vegas. In a rapidly gentrifying Mott Haven, this translates into rents that are not only truly affordable but rents that are well below the area median which are rare to find.īeginning at the 30% AMI, this translates to residents making $14,915 to $23,880 a year can qualify for a studio renting for only $362 a month. ![]() Located at 345 St Ann’s Avenue at E 142nd Street, Park Haven is a 10 story 178 unit brand new construction development for extremely low and low income residents with deep affordability for qualifying households making 30, 40, 50, 60, 70, and 80% of the Area Median Income (AMI). ![]() MOTT HAVEN-Applications are now being accepted for brand new affordable apartments in Mott Haven via New York City’s housing lottery. ![]()
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