CAI INVESTMENTS TO ROLL OUT RETAIL AND RESTAURANT SPACE

On Dec. 15, CAI Investments broke ground on a new multimillion dollar development project, 3883 Flamingo Center LLC, scheduled to open mid-2018. Alongside CAI Investments’ founder, Christopher Beavor, Clark County Commissioner Steve Sisolak, unveiled the project rendering and plans to develop five pad sites totaling approximately 27,000 square feet of retail and restaurant space.

“This development comes at a perfect time for Las Vegas as we are seeing a tremendous amount of growth and the project will create a lot of new jobs and opportunities for the city,” Beavor said. “It is a prime real estate location as it sits at the center of Flamingo Road and Valley View Boulevard, a highly trafficked area in Las Vegas, and will create a new vision for the future of this area for both locals and tourists alike.”

Confirmed tenants at the new multipurpose development at 3883 W. Flamingo Road, east of the Palms, include national brands including Walgreens, Denny’s, Del Taco and Wahoo’s Fish Tacos.

In addition to the 27,000 square feet of retail and restaurant space, the project site will also include a national hotel brand and multifamily housing, which will be in production in the upcoming months.

Partners behind the 8.6-acre project include Collins Engineering Inc, Hadfield Construction, Jones Sign, RSP Architects, TSK Architects. Calmwater Capital, a leading national direct real estate lender, has provided $15.15 million in financing for this project.

The 3883 Flamingo Center LLC is one of nine current development projects by CAI Investments.

NAIOP SOUTHERN NEVADA ANNOUNCES 2018 OFFICERS, DIRECTORS

NAIOP Southern Nevada, an organization representing commercial real estate developers, owners and related professionals in office, industrial, retail and mixed-use real estate, has announced its newly elected officers and directors for 2018, led by incoming President Mike Mixer.

A longtime local industry leader, Mixer is the executive managing director and co-founder of the Las Vegas office of Colliers International.

In addition to Mixer serving as president of NAIOP Southern Nevada’s Board of Directors.

NAIOP’S 2018 OFFICERS INCLUDE:

  • Shawn Danoksi, president-elect, of DC Building Group
  • Rod Martin, secretary, of Majestic Realty Co.
  • Jennifer Levine, treasurer, of Cushman & Wakefield
  • Jay Heller, immediate past president, of Heller Cos.

NAIOP’S ELECTED DIRECTORS FOR 2018 INCLUDE:

  • Jody Walker Belsick, Kimley Horn & Associates
  • Julie Cleaver, The Howard Hughes Corp.
  • George Garcia G.C. Garcia, Inc.
  • Reed Gottesman, Harsch Investment Properties
  • Matthew Hoyt, CommCap Advisors
  • Jeff LaPour, LaPour
  • Adam Malan, Logic Commercial Real Estate
  • Mike Shohet, Nevada HAND
  • David Strickland, Thomas & Mack Development Group
  • Jennifer Turchin, Coda Group

NAIOP’s officers and directors for the coming year were installed on Dec. 8.

NAIOP Southern Nevada is a chapter of NAIOP, the Commercial Real Estate Development Association, and it comprises nearly 500 members serving the Southern Nevada market. NAIOP is the leading organization for developers, owners and related professionals in office, industrial, retail and mixed-use real estate, with 19,000 members in North America. NAIOP advances responsible commercial real estate development and advocates for effective public policy.

 

SOURCE: https://businesspress.vegas/real-estate/real-estate-briefs-cai-investments-breaks-ground-on-shopping-center/


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