Ron Cadman: Las Vegas’s Symphony Park to Get Luxury Apartments

Las Vegas, a city that used to be a magnet to transients, is now becoming an attractive place to put your roots down. Nothing demonstrates this more than Symphony Park, which has welcomed its first high-end residential development. This new project is music to the ears of people who are looking for a desirable place to live without necessarily buying homes. However, it’s also great news for real estate investors who have their eye on Sin City, according to Ron Cadman of Investar USA.

The residential development broke ground this past May in the downtown area of Las Vegas. The new development is called Auric Symphony Park, named after the alluring “aura” of the Vegas area. According to the company that assumed control of the project, Southern Land Company, the Las Vegas area is thriving, so it wanted this to be reflected in the project name. On top of this, the word “aurum” in Latin means “gold,” which is alignment with Vegas’s motif.

The plan was to erect the apartments north of Symphony Park near a performing arts center. The building was slated to span 480,000 square feet and to feature 324 two-bedroom, one-bedroom, and studio units for rent. In addition, restaurants and shops were expected to span over 14,000 square feet.

Las Vegas has become increasingly known for being a place of innovation, hospitality, and business activity during the past several years. For this reason, the new residential development may not come as a surprise to many city residents as well as real estate investors in Las Vegas and Alberta, Canada. As Las Vegas continues to thrive, now couldn’t be a better time to seriously pursue opportunities to develop or purchase multifamily housing in the city. According to Ron Cadman, they will likely remain in-demand places to live and thus attractive assets for years to come.