Cherry Development has started construction on its second community in downtown Las Vegas that’s part of its shareDOWNTOWN brand.
The developer broke ground on shareDOWNTOWN Fremont East and is expecting to complete construction by the end of 2022, Sam Cherry, CEO of Cherry Development, told Multi-Housing News. Cherry also told MHN that the project team includes Breslin Builders, Helix Electric, Sound Plumbing and Ares Mechanical.
The four-story shareDOWNTOWN Fremont East will have 84 one-bedroom units that are 480 square feet, Cherry told MHN. Cherry Development will build the units with quartz countertops, stainless steel appliances, washer/dryer units, smart thermostats and solar energy panels on the roof. The community’s amenities will include a fitness center, courtyard, business center, viewing deck, and community kitchen and entertaining area. The developer also tapped local artist SNIPT to design a mural for the exterior of shareDOWNTOWN Fremont East.
The community will be located at 231 N. 11th St. and feature ground-floor retail space. The central location will also give residents access to downtown Las Vegas’ many restaurants, retail and entertainment options. Cherry said in prepared remarks that the company is planning to grow the shareDOWNTOWN presence, but also form partnerships with the local businesses.
EXPANDING DOWNTOWN VEGAS PORTFOLIO
When completed, the Fremont East community will be the company’s second shareDOWNTOWN property in Las Vegas. Cherry Development previously opened the first shareDOWNTOWN community in Las Vegas’ Arts District in 2020. The three-story community, located at 1300 S. Casino Center Blvd., was fully leased within the first six months, according to Cherry Development.
The company’s portfolio also includes two mixed-use luxury condo buildings that aren’t under the shareDOWNTOWN brand. Besides residential properties, Cherry Development also has several retail properties in its portfolio, including a speakeasy bar, beer garden, grocery store and pizza restaurant. But, Cherry told MHN that the company is planning to build more shareDOWNTOWN buildings in downtown Las Vegas.