On August 21,2017, Whiting Turner began laying the ground work with underground utilities, offsite improvements and grading for a 210 multifamily project with 21,600 square feet of boutique style space designed as tenant amenities. The property is located at 10650 Dean Martin Drive minutes away from the new Las Vegas Raiders stadium, McCarran International Airport and ideally situated just off the Cactus and I-15/Blue Diamond interchange at the boundary of Southern Highlands Master Planned Community.
Tim Deters and TRU Development secured a $41.5MM construction loan with Goldman Sachs on November 8, 2017. This loan is going to take the Kaktus Life I project into the next stages of development, vertical construction, which is scheduled to begin on November 20, 2017.
“What’s in a Name?” Simply looking at the name one would think that the spelling is incorrect. Tim Deters, President and CEO of TRU Development, wants the customer to think and question the origin of the name. Kaktus is the German translation for Cactus and Tim wanted his heritage to be memorialized in the flagship property for TRU Development. The name “Kaktus Life” represents TRU Development’s BRAND for the unique, luxury lifestyle offered through services and amenities.
Kaktus Life I is a luxury, 4-story, elevator served apartment community. The project is promised to transcend the luxury apartment market in Las Vegas being the first of its kind to receive silver LEED certification, the first to provide SOLAR energy and the first to prioritize the tenants’ needs above all else. Each unit will be voice enabled with smart home learning technology. The state of the art fitness center is designed by Amanda Barton of David Barton Gym’s. Other amenities will include access to fitness programs, onsite personal training, keyless entry to common areas, a pool, 2 spas, cabanas, outdoor entertainment facility, fire pits, BBQ’s, large courtyard, business center, game room, mint lockers for dry cleaning, valet trash and outdoor track with exercise stations.
Kaktus Life I is scheduled for completion December 2018. For more information, please contact Kelly Kwasniewski at 702-545-0355 or visit our website www.trudevco.com.