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.
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/