A Great Place to do Business
Downtown Las Vegas is the place where the city got its start decades ago. Today, it’s still the place where the city is going and growing with significant investment in the area, including e-commerce giant Zappos.com that made downtown its headquarters in 2012. The area’s abundant office buildings and street-side retail are being reimagined in new and interesting ways, contributing to the vibrancy for which downtown is known.
The valley’s second largest employment center, downtown boasts a major hospitality core comprised of nearly a dozen hotel-casinos that have all been recently reimagined and upgraded and world-class museums and attractions, that combined, employ thousands. In total, the area draws more than 25 million tourists annually.
The same reasons that make downtown Las Vegas a great place to visit, also make it a great place to do business and live. Downtown is lit up with more than 150 restaurants, coffee shops, bars and a vibrant nightlife scene; and downtown’s irresistible draw makes it the preferred play spot for locals. Here, businesses of all sizes thrive alongside giant hotel-casinos that drive visitation.
In the Symphony Park District, marked by iconic architecture of The Smith Center for the Performing Arts and the head-turning, Frank Gehry-designed Cleveland Clinic Lou Ruvo Center for Brain Health, more than 600-plus mixed-use residential units with ground floor commercial opportunities are in the planning phase. A new city parking garage with two retail spaces is under development, as is a major convention facility adjacent World Market Center, a five- million-square-foot showcase for the home and hospitality contract furnishings industry and site of one of the country’s largest home furnishings expos. The city recently provided matching monies for initial fundraising efforts for a modern art museum at Symphony Park and is seeking complimentary uses for this area that is considered one of the prime development opportunities in Las Vegas.
The emerging Las Vegas Medical District is bringing together the valley’s major hospitals, institutions of higher learning and ancillary medical providers to create a true center of medicine. Foundational to the district is the new UNLV School of Medicine that welcomed its first class of 60 students in 2017. District opportunities include new eateries, medical-related service commercial, mid-rise medical office and mixed-use residential with transit-oriented development stops now in the planning phase.
The eclectic and cool, art-themed 18b Las Vegas Arts District abounds with antique shops, vintage shops, art galleries, craft brew pubs, signature coffee roasters, restaurants and festival-style events. Ideal for small businesses, the Arts District features many interesting and reimagined structures and spaces that include opportunities for new social and place-making eateries, gallery space, soft goods and service commercial, mixed-use residential and more. New and ongoing infrastructure improvements feature widened sidewalks, new roadways and beautification improvements.
The Fremont East Entertainment District, located directly east of the Fremont Street Experience, features a vintage Vegas vibe with a unique blend of small bars, restaurants and shops. Signature events include the Life is Beautiful Festival that draws more than 150,000 attendees annually.
Teeming with law firms, downtown is the base for our city’s legal community and home to the Clark County Regional Justice Center, Foley Federal Building and U.S. Courthouse, Lloyd D. George Federal District Courthouse and the Supreme Court of Nevada building.
Home of Las Vegas Premium Outlets North, one of the most successful retail outlet malls in the country, downtown abounds with complementary retail opportunities of all sizes and genres. In fact, the city of Las Vegas offers dedicated programs that include location assistance to retailers, incentives to developers and help recruiting high quality tenants for commercial brokers and property owners. For developers with both the capacity and the vision to bring to fruition projects that complement existing and surrounding development, the city is highly motivated and will assign development teams to expedite design, plans and permitting.
While downtown redevelopment has long been a focus with significant revitalization occurring in the last five years, there are other Redevelopment Areas throughout the city ripe for development and where incentives programs are available.