Developments To Keep Your Eye on in Las Vegas

Vegas is Always Under Construction... Here's 3 Projects to Keep an Eye On

Las Vegas is always under construction, whether its the repaving of surface streets, large highway interchanges, or a new residential community, you are sure to see those orange traffic cones all around town. Since the slowdown that occurred with the COVID-19 shutdown, Las Vegas, and by extension Las Vegas construction, has come back with a vengeance. No matter where you look, there are many new and unique projects coming to Las Vegas. Here are three developments in town that we are keeping our eyes on.


(1) The Watermark - Downtown Henderson

Outside of all the work being done across the valley, mixed-use developments are seeing a surge in popularity. If you have been to Water Street in downtown Henderson in the last year, you may have seen a new complex going up across the street from the Lifeguard Arena. This development is known as the Watermark and is estimated to be completed and officially opened later this year. The Watermark a 7-story development that consists of 25,900 square feet of retail, entertainment, restaurant, and retail space on the first floor, 12,500 sq. ft. of premium office space on the second floor, and 151 residential units that take up the remaining five floors.


The Watermark project is being overseen and developed by the Strada Development Group. Strada Development Group is a Las Vegas-based development and project management company with a focus on mixed-use, hospitality, food and beverage, casino and entertainment venues. The founders of Strada have been involved in various projects throughout Las Vegas, including the Bellagio, the Playboy Club, Topgolf and 3 million square feet of developed commercial and residential spaces.


(2) Dream Las Vegas - South Strip

Coming from the designers and builders that brought us Allegiant Stadium and Circa Resort & Casino, a new luxury hotel and casino is under construction on the south end of the Strip. This new development, branded as Dream Las Vegas, started construction in August of 2022 and is quickly making progress as construction projects take over the city.


Dream Las Vegas will include seven dining and nightlife venues: a rooftop deck, bar and lounge; three feature restaurants; two additional bar and lounge concepts on the gaming floor; and a grab-and-go café on the street level. Additionally, it will offer 12,000 square feet of private meeting and event space, a spa, a fitness center and on-site parking.


When asked as to why build a relatively small hotel in Las Vegas of all places, David Daneshforooz, CEO of Contour, the development company behind Dream Las Vegas, said, "There is no shortage of megaresorts in Las Vegas, but there is a lack of boutique hotels that offer a more intimate curated experience. A ground-up Dream hotel with its world-class food-and-beverage offerings was an obvious choice for a boutique execution on this site and will be a great addition to the Las Vegas Strip.”

Keep an eye out for this new part of the Las Vegas skyline to be finished in late 2024. If previous projects are anything to go by, it should be a welcomed addition to The Strip.


(3) Fontainebleau Las Vegas - North Strip

A project that has been in the works for nearly two decades is finally reaching its conclusion after a long and tumultuous history. Construction on the 67-story project began in 2007, but was halted shortly after when the economy imploded with the project going bankrupt in 2009. After being sold off in 2010 to Carl Icahn and remaining untouched for 7 years, the property was purchased by Steve Witkoff and renamed to Drew Las Vegas. However, construction was again halted in March of 2020 due to the pandemic. The building was then purchased by Fontainebleau Development in a partnership with Kock Industries in February of 2021. After securing a loan of $2.2 billion, the project is on track to finish in the fourth quarter of 2023.


The Fontainebleau Las Vegas is the largest hotel construction project in the country, but will not be the largest hotel on the Strip. It will only rank #9 in terms of room capacity, trailing behind Caesars Palace and Circus Circus. Once completed, the Fontainebleau Las Vegas will feature approximately 3,700 luxury hotel rooms, 550k sq. ft. of convention space, and a world-class collection of restaurants, shops, pools, nightlife options, and spa/wellness offerings. The entire hotel sits on nearly 25 acres of land and will have nearly nine million sq. ft. of space, all next to the Las Vegas Convention Center, at the North end of the strip.


Turn Extra Cash into Lasting Legacy: Help Your son/daughter Own a Home!

April 28, 2025
Helping Your Child Buy a Home: Smart Strategies with Tax Benefits  Many parents want to help their children buy a home, but doing so in a way that also provides financial and tax advantages is key. Here are a few strategies to consider when assisting your son or daughter with homeownership while maximizing tax benefits. 1. Gifting Money for a Down Payment The IRS allows individuals to gift up to $18,000 per recipient annually ($36,000 for married couples) without triggering a gift tax. If you stay within this limit, your child receives a down payment boost without tax consequences. 2. Loaning Money to Your Child Instead of gifting, you can lend money at the IRS’s Applicable Federal Rate (AFR), which is often lower than traditional mortgage rates. Structuring it as a formal loan allows your child to build equity while you may receive interest income. 3. Co-Signing or Co-Owning the Home Some parents choose to co-sign a mortgage or co-own the home. While this can help secure better loan terms, it also means shared financial responsibility. If you co-own, you may be able to deduct mortgage interest and property taxes on your tax return, depending on usage. 4. Buying the Home as an Investment Property If your child pays you rent, the home could be classified as an investment property. This allows you to deduct expenses like mortgage interest, property taxes, and maintenance. However, rental income must be reported to the IRS. Final Thoughts Every financial situation is unique, and tax laws change. Consulting with a tax professional or estate planner ensures that your support aligns with your financial goals and tax strategy. Helping your child buy a home is a generous step—doing it wisely ensures benefits for both of you.

Using Our Screening Score Sheet for Rental Applications

April 21, 2025
When applying for one of our rental properties, we use a comprehensive screening score sheet to ensure all applicants are held to the same standard. The score sheet evaluates various aspects of your financial stability and rental history, helping the landlord make informed decisions while maintaining a fair and transparent process! Here’s a breakdown of how we assess your application utilizing the screening score sheet: 1. Length of Residency: While longer periods at previous residences typically suggest reliability and commitment, we understand that some applicants may be first-time renters. We welcome first-time renters, and on the screening score sheet, you can assign yourself a "1" under "Length of Residency" if this is your first rental experience! 2. Collections: We review any outstanding collections, including monthly utilities or bills, as well as loans (excluding medical bills). This helps us assess your overall financial responsibility. Your estimated monthly payment for all your loans, utilities and bills is also taken into consideration. 3. Rent-to-Income Ratio (per household): To ensure you can comfortably afford the rent, we require that your monthly income is at least 2.5 times the rent amount. This ratio helps us verify your ability to manage rent payments alongside other living expenses. 4. FICO Score: While there is no specific minimum FICO score, we do take it into account when evaluating your financial health. A higher score indicates a history of responsible credit management. 5. NSF/Late Payments & Landlord Disputes: We look into your rental history to ensure that there are no frequent NSF (non-sufficient funds) or late payments, and that there are no unresolved disputes with previous landlords. Please note that all application charges are non-refundable, and every occupant over the age of 18 must submit a separate application. Our scoring system ranges from 0 to 21, with 15 being the lowest acceptable score. All approvals or denials are ultimately decided by the property owner. We do not operate off a first come first serve basis, so if you are curious about the status of applications prior to applying, please don’t hesitate to call our office! By using our screening score sheet, we aim to create a rental environment where both tenants and property owners can thrive. This score sheet can be found on our site, under the Before You Apply Manual, as well as under “Rental Resources”.

Declutter and Earn: Join the Outdoor Swap Meet at the Downtown Recreation Center in Henderson!

April 16, 2025
Looking to declutter your home while making some extra cash? The outdoor swap meet at the Downtown Recreation Center in Henderson is the perfect opportunity! Whether you’re cleaning out your closets, clearing space in your garage, or finding a new home for gently used toys, books, and clothes, this event is your chance to turn those items into money. Each booth equals two parking spots, and registration is required at least one week in advance. All booths are assigned randomly, ensuring a fair and fun atmosphere for all. Remember, only second-hand items can be sold, so it’s a great way to recycle and give your items a second life. Event takes place April 19th & May 17th! The swap meet opens at 7am, so come early to shop! Admission is free for all ages, making it a perfect outing for families looking to find unique treasures. Ready to get started? Simply register on the City of Henderson website to secure your spot. It’s time to clean out, earn some extra cash, and find something new – don’t miss out on this exciting event at the Downtown Recreation Center!
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