Greystar has begun construction of Marlowe Centennial Hills, a three-building, 257-unit luxury apartment community located at 8550 West Deer Springs Way in Las Vegas. The development will open for business in the third quarter of 2024 after the first apartments are finished.
Marlowe Centennial Hills will be Greystar’s first property of this kind in the city under the Marlowe brand. It will provide a variety of one-, two-, and three-bedroom residences. The sizes of the residences range from 624 square feet to 1,312 square feet throughout the community.
Featured and nearby amenities
Stainless steel appliances and quartz countertops are standard in the apartments. Residents will also have access to a workout center, media room, office space, and a swimming pool with a spa.
Moreover, the community will have a sports lounge and a poker room in the style of a casino. This is while incorporating many of the aesthetics and motifs of the city. The community will be located within 15 miles of both Harry Reid International Airport.
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It will also be located near the Las Vegas Strip in the Centennial Hills neighborhood of Vegas. The development will be surrounded by a large number of city and state parks. In addition, surrounded by a large number of upmarket shopping options.
Todd & Associates will be in charge of the building’s architecture, and Mannigan Design will handle the interior design for Marlowe Centennial Hills. The property will eventually.
Greystar Marlowe Centennial Hills project to help expand Las Vegas multifamily sector
Las Vegas multifamily sector is expanding after suffering a painful halt caused by pandemic-era closures, limitations, and disruptions.
This has hurt important tourist, hospitality, and entertainment destinations. The city saw roughly $2 billion in multifamily transactions in the first half of the year, according to data from an August 2022 Yardi Matrix analysis, on top of the 6,907 units that were scheduled for construction, many of which were luxury projects.
According to the same data, the average price per unit has significantly grown, rising to $245,504, a 78% increase year over year.
