LAS VEGAS--(BUSINESS WIRE)--Construction financing has been secured for UnCommons, a first-of-its kind mixed-use development in southwest Las Vegas being developed by Matter Real Estate Group. The highly anticipated $400-million project will break ground this spring and be completed in fall 2021.
The curated office, restaurant, food hall, lifestyle and residential offerings, designed by the globally renowned architecture firm Gensler, will be complemented by a pedestrian trail, multi-purpose conference center and inspirational art, all situated on an easily walkable 40-acre site.
“UnCommons will bring Las Vegas residents a vibrant, new centerpiece to the community: a modern, urban-inspired mixed-use development designed to enhance the lives of the people who live and work there,” said Matter Real Estate Partner Jim Stuart. “Much of what will make UnCommons stand out will be the food and beverage lineup. Additionally, the lifestyle offerings are being curated to showcase some of Las Vegas’ top talents, as well as boutique brands that will be new to the market.”
Phase I of UnCommons includes 200,000 SF of office space, popular new eateries and a food hall featuring versions of the best of the local food scene. Lifestyle and entertainment uses include fitness studios and a luxury movie theater, plus an additional 382 urban style apartment units. Phase I represents $250 million of new commercial and residential construction. Matter Real Estate worked with lender Mosaic Real Estate Investors, founded by Ethan Penner and Vicky Schiff.
Since forming in early 2018, Matter Real Estate has rapidly advanced and emerged as a leading developer with more than 1.5 million square feet of commercial and industrial projects underway. Some of Matter Real Estate’s other Las Vegas projects include the recent groundbreaking of the 725,000-square-foot Matter Logistics Center @ West Cheyenne Avenue, the 450,000-square-foot Matter Park @ Henderson, now under construction, the new 150,000-square-foot Matter @ Craig Road, and the 135,000-square-foot Matter Business Park @Warm Springs, now nearing completion.