Author: TRU Development Co

LAS VEGAS (KTNV) — Luxury apartment homes have been springing up all across the Las Vegas valley and according to developers, there’s been a rise in demand for them.

LAS VEGAS, Nov. 15, 2022 /PRNewswire/ — McCourt Partners, one of the most visionary and community-driven family-owned real estate development companies in the U.S., announced today a partnership with experienced Las Vegas-based TRU Development Company, a market leader with deep roots in the region, to develop a 244-unit, Class A apartment building in Henderson, Nevada. The project is set on nearly 6 acres at the gateway of Inspirada, a vibrant and flourishing master-planned community.

Click here to read the full Press Release…

Thank you Southern Nevada NAIOP for selecting KAKTUSlife @dean martin to receive the honor award for Multi-family Development of the Year 2020. It is an honor and a privilege to compete and receive this coveted award amongst our industry peers.

FOR IMMEDIATE RELEASE
March 11, 2021

Cantor Fitzgerald, Silverstein Properties and TRU Development Company Break Ground on theAPEX @meadows Apartments
The 334-unit multifamily development will offer residents state-of-the-art amenities and close proximity to downtown Las Vegas.

Las Vegas – Today, Cantor Fitzgerald, Silverstein Properties, and TRU Development Company commenced construction on the theAPEX @meadows, located at 4480 Meadows Lane, with an official groundbreaking ceremony. Representatives from Cantor Fitzgerald, Silverstein Properties, TRU Development, and the City of Las Vegas commemorated the occasion with a formal speaker presentation and ceremonial shovel dig to mark the beginning of development.

“We are excited to participate in the development of this project and look forward to working closely with Las Vegas veterans TRU Development and our partners at Silverstein Properties,” said Howard Lutnick, chairman and CEO of Cantor Fitzgerald. “The project is pursuing Green Globes for New Construction certification which demonstrates our continued commitment to invest in quality real estate and support green initiatives wherever possible.”

The special ceremony began with an introduction from Tim Deters, CEO and President of TRU Development, who spoke about the project and its importance to the community. Additional speakers included Marty Burger, CEO, Silverstein Properties, Carolyn Goodman, Mayor of Las Vegas, and Karl Catarata, a representative from Councilman Knudsen’s office, representing Ward 1 for the City of Las Vegas.

“There will always be a need for quality rental housing in Las Vegas,” said Marty Burger, CEO of Silverstein Properties. “I previously developed over five million square feet in the Las Vegas market earlier in my career. I used to play basketball at the YMCA across the street from this site, it is a terrific location. I am thrilled to return to this part of Las Vegas, and excited to partner with TRU and Cantor Fitzgerald on this great project.”

Once complete, the five-story multifamily apartment development, built on nearly 10-acres, will feature 334 one-and two-bedroom units. Amenities will include a clubhouse, pool, roof top lounge, garage parking, a state-of-the-art fitness center, yoga studio, smart tech campus that controls common area access, the apartment unit door lock, thermostat, motion/door sensor and light switches on your smart device and multiple onsite recreation areas with an indoor gamer lounge, outdoor ping pong tables and multiple media centers, to name a few. The complex offers convenient transit accessibility to downtown Las Vegas and is adjacent to Meadows Mall, home to over 50 retail shops and restaurants.

 

 

 

 

 

“TRU Development was honored to be the selected local development partner to work alongside Cantor Fitzgerald and Silverstein Properties,” said Tim Deters, CEO and President of TRU Development. “As the premier multifamily developer in Las Vegas to practice and implement green sustainable construction methods, we knew that there was going to be great synergy shared on this project. In our experience, finding passionate partners who share in like-minded development strategies make for great communities.”

In recognition of sustainability efforts executed during the design and delivery process, theAPEX @meadows will seek Green Globes® for New Construction certification equivalent to 3 Globes. Pursuing this certification demonstrates the company’s commitment to current and future building operations best practices, occupant health and wellness, and reducing carbon emissions.

 

Administered by the Green Building Initiative (GBI), Green Globes is a nationally recognized green rating assessment and certification system that ensures projects meet clearly defined criteria in seven assessment areas: Project Management, Site, Energy, Water, Resources, Emissions, and Indoor Environment.

 

First move ins for the project are projected to be in the Spring of 2023. To learn more about the project, visit www.apexatmeadows.com.

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About Cantor Fitzgerald L.P.

Cantor Fitzgerald, L.P., with over 12,000 employees, is a leading global financial services firm at the forefront of financial and technological innovation and has been a proven and resilient leader for over 75 years. Cantor Fitzgerald & Co. is a preeminent investment bank serving more than 5,000 institutional clients around the world, recognized for its strengths in fixed income and equity capital markets, investment banking, prime brokerage, and commercial real estate and for its global distribution platform. Cantor Fitzgerald & Co. is one of the 24 primary dealers authorized to transact business with the Federal Reserve Bank of New York. For more information, please visit: www.cantor.com.

 

About Silverstein Properties

Silverstein Properties is a privately held, full-service real estate development, investment and management firm based in New York founded by Larry Silverstein. Silverstein Properties has developed, owned and managed more than 40 million square feet of commercial, residential, retail and hotel space. Recent projects include 7 World Trade Center, the first LEED-certified office tower in New York City (2006), 4 World Trade Center (2013), the Four Seasons Downtown (2016), One West End (2017) and 3 World Trade Center (2018). The company has been recognized as one of the “Best Places to Work in New York City” by Crain’s New York Business for eight years in a row. For more information on Silverstein Properties, please visit: www.silversteinproperties.com or http://www.wtc.com.

 

About TRU Development

TRU Development is a full-service development company comprised of a group of professionals based in Las Vegas, Nevada specializing in residential, retail, office, and industrial real estate development. KAKTUSlife is the first luxury branded LEED Silver multifamily offering by TRU Development, followed by theAPEX brand. Coming soon to the TRU portfolio are KAKTUSlife @the curve, theAPEX @meadows, theAPEX @galleria and theAPEX @vista. To date, TRU Development has developed approximately 7,000 multifamily units. For more information, please visit: https://trudevco.com/

 

KAKTUSlife @dean martin received a Project Award for the 2020 Multi-Family Development of the Year.
Congratulations to all the winners and participants in this year’s ceremony and a special thank you to NAIOP of Southern Nevada for hosting a great virtual event!

On March 11th, 2021, TRU Development, Cantor Fitzgerald and Silverstein Properties commemorated theAPEX @meadows groundbreaking ceremony with an official shovel dig. Mayor Carolyn Goodman and Councilman Brian Knudsen were there to share their support for the redevelopment of the City of Las Vegas ward 1 corridor. TRU is excited about elevating the community and city through new multifamily projects.

As Mayor Carolyn Goodman stated, “We are COMING BACK!”

Special thanks to our event sponsors Martin Harris, Bayley and ADS.

Follow our story by clicking the link below…

https://www.reviewjournal.com/business/housing/developers-break-ground-on-apartment-complex-near-meadows-mall-2300064/ 

Follow us on Facebook, Instagram, LinkedIn and our website for updates on our development projects. Until next time friends.

LAS VEGAS (KTNV) — TRU Development Company will be hosting a socially distant Asana Yoga experience with the founder of Silent Savasana Dray Gardner and The Joy Pop Co. in support of the American Cancer Society’s Real Men Wear Pink campaign.

This event will be held Oct. 17 from 10 a.m. to noon at KAKTUSlife, located at 10650 Dean Martin Drive in Las Vegas.

A portion of the proceeds for this event will go towards Real Men Wear Pink, an annual campaign that raises funds for the fight against breast cancer.

This outdoor 70-minute yoga class begins promptly at 10 a.m.

The event is limited to the first 50 people who purchase tickets and social distancing guidelines will be observed. Guests are required to bring their own yoga mat. Tickets are $25.

Tickets go on sale to the public on Oct. 1 at midnight.

For the health and safety of all participants, masks will be encouraged during this event.

For more information and to purchase tickets visit the website.

 

 

Leading developer adds theAPEX @galleria to growing portfolio.

TRU Development Company, in partnership with capital partner and real estate operating company, MultiGreen Properties, has purchased a 19-acre parcel of land located on the southeast corner of Galleria and Boulder Highway in Henderson, Nevada. Plans for the site include development of theAPEX @galleria apartment community, which will offer 336 multifamily residential units, and 3.8 acres of retail development available for sale, ground lease, or build to suit.

Click here to read the full article…

Market Rate apartments under construction.

Cantor Fitzgerald and Silverstein Properties Close Opportunity Zone Land Acquisition in Las Vegas, NV

Silverstein and TRU Development to Develop 334-Unit “Meadows Apartments” close to downtown Las Vegas and the Medical District

 

Cantor Fitzgerald, L.P., a leading global financial services firm and real estate investment company, and Silverstein Properties, a leading global full-service real estate development, investment and management firm, today announced the closing of their first multifamily development site in a qualified opportunity zone.

 

The Meadows Apartments is intended to be developed by Silverstein Properties and Las Vegas-based TRU Development as part of Cantor Fitzgerald and Silverstein Properties’ opportunity zone program. The site is located 15 minutes west of downtown Las Vegas and near the Medical District. The four-story development on nearly 10 acres will feature 334 one- and two-bedroom units. Amenities include a clubhouse, two pools, a state of the art fitness center, and multiple recreational areas. The location offers convenient transit accessibility to nearby downtown Las Vegas and is adjacent to Meadows Mall, home to over 50 retail shops including restaurants, department stores, clothing stores, specialty stores, and a grocery store.

Growth in the Las Vegas market has exceeded other U.S. markets for the last few years, with Clark County’s population increasing by more than 48,000 people between 2017 and 2018¹ — the second largest increase of any U.S. county. Apartment fundamentals in Las Vegas continue to improve as the workforce and population expand. Rents in the Las Vegas market grew 7.5% year-over-year—the second largest among the top 50 U.S. markets and the 21^st consecutive quarter in which year-over-year rent growth in Las Vegas was at or above 4.5%.²

 

“Downtown Las Vegas is undergoing significant revitalization fueled by public-private development and commercial investment,” said Michael Lehrman, Senior Managing Director, Cantor Fitzgerald. “We are delighted to have this well-located parcel as our development project and to partner with Silverstein, a company with which we have a unique and long-standing relationship and a shared commitment to investing in communities and improving lives.”

 

Cantor Fitzgerald and Silverstein Properties have a well-established relationship. Notably, the two firms share a historical connection to the tragic events of 9/11 at the World Trade Center and played central roles in the recovery that followed. This project is a natural extension of the companies’ shared history, and underscores both firms’ commitment to rebuilding.

 

“The Las Vegas market is a great fit for Cantor Fitzgerald and Silverstein Properties. Continued job and population growth have contributed to demand for new multifamily housing,” said Marty Burger, Chief Executive Officer, Silverstein Properties. “Renters in the area, many of them medical professionals, have few options. Our project will offer first-rate residences near US 95 providing convenient access to transit around greater Las Vegas, and is walkable to local shopping, food, and entertainment. Construction is scheduled to begin in 2020.”

About Cantor Fitzgerald

Cantor Fitzgerald, L.P., with over 12,000 employees, is a leading global financial services group at the forefront of financial and technological innovation and has been a proven and resilient leader for over 70 years. Cantor Fitzgerald & Co. is a preeminent investment bank serving more than 5,000 institutional clients around the world, recognized for its strengths in fixed income and equity capital markets, investment banking, prime brokerage, and commercial real estate and for its global distribution platform. Cantor Fitzgerald & Co. is one of the 24 primary dealers authorized to transact business with the Federal Reserve Bank of New York. For more information, please visit: https://www.cantor.com/.

 

About Silverstein Properties

Silverstein Properties is a privately held, full-service real estate development, investment and management firm based in New York founded by Larry Silverstein. Silverstein Properties has developed, owned and managed more than 40 million square feet of commercial, residential, retail and hotel space. Recent projects include 7 World Trade Center, the first LEED-certified office tower in New York City (2006), 4 World Trade Center (2013), the Four Seasons Downtown (2016), One West End (2017) and 3 World Trade Center (2018). The company has been recognized as one of the “Best Places to Work in New York City” by Crain’s New York Business for eight years in a row. For more information on Silverstein Properties, please visit: https://www.silversteinproperties.com/or https://www.wtc.com/.

 

About TRU Development

TRU Development is a full-service development company comprised of a group of professionals based in Las Vegas, Nevada specializing in residential, retail, office, and industrial real estate development. KAKTUSlife is the first luxury branded LEED Silver multifamily offering by TRU Development, followed by theAPEX brand. Coming soon to the TRU portfolio are KAKTUSlife @the curve, Meadows Apartments, and theAPEX @galleria. To date, TRU Development has developed approximately 7,000 multifamily units. For more information, please visit: https://trudevco.com/