Las Vegas’ Uncommons Project Secures Financing

Matter Real Estate Group has secured construction financing to build its $400 million mixed-use project called Uncommons in Las Vegas. It is being called the first of its kind mixed-use project in southwest Las Vegas, and is now on track to break ground in the spring of 2020.

“The Las Vegas market is now in a robust forward movement and ready for a healthy new supply of office space that hasn’t been available in the past decade,” Jim Stuart, a partner at Matter Real Estate, tells GlobeSt.com. “Additionally, the Las Vegas market’s growth, combined with the growing local workforce, are thirsting for an entirely new workplace environment. This outlook is a transformation from traditional growth stimulants such as tourism and travel, to new and emerging companies becoming established and growing in this region.”

This economic growth has created demand for a new kind of mixed-use property that hasn’t been in the market before. The 40-acre site will accommodate curated office, restaurant, food hall, lifestyle and residential space. “Las Vegas has been in a transformative state for some time and now ready for this next step,” Stuart says. “This community is ripe for this project and craves the opportunity make connections in the moments in-between. The soul-less office park / building/ campus is a thing of the past.”