NRP Group Breaks Ground on High-End $133M Residential Project in Las Vegas
In a notable expansion of luxury multifamily housing options, The NRP Group, a renowned developer and manager of multifamily housing, has concluded the financial setup and begun construction on a $133 million luxury residential community in Las Vegas. Developed in partnership with Haseko North America, this joint venture is a statement of confidence in the city’s thriving rental market.
Adjacent to high-profile developments such as Durango Casino & Resort and The UnCommons, this Spring Valley located community is aptly positioned for residents seeking an upscale lifestyle with convenient access to both leisure and employment opportunities. The 390-unit property boasts a location that marries suburban tranquility with urban access, offering a short commute to the Las Vegas Strip and essential services just a stone’s throw away.
The NRP Group’s continued investment in Las Vegas is witnessed through their third groundbreaking in the city this year. Their aggressive—and evidently strategic—expansion highlights a well-founded belief in the area’s economic vitality, complemented by strong employment opportunities and consistent population growth. These factors collectively underscore the enduring potential of the Las Vegas multifamily housing market.
“This development is a premier example of NRP’s market-rate luxury portfolio,” said Mike Moriarty, The NRP Group Vice President of Development. “Its proximity to the Durango Casino and The UnCommons, combined with true walkability outside the Strip, makes it a rare and highly desirable location. From the luxury finishes to the thoughtfully curated amenities, this community will serve as our flagship in Las Vegas and set a new standard for upscale living in the region.”
The wide-ranging amenities offered reflect the community’s positioning as a top-tier residential option. Residents are anticipated to enjoy not only the material luxury of high-end finishes but also practical and recreational spaces designed to enhance the living experience; these include a state-of-the-art fitness center, courtyards, and multi-use clubhouses.
Haseko’s dedication to creating impactful communities resonates through this partnership. “Our partnership with The NRP Group reflects Haseko’s commitment to aligning with best-in-class developers who share our vision for creating transformative communities,” mentioned Kain Matsumoto, President and Chairman of Haseko North America. “This project is a strategic milestone for us, combining thoughtful design, walkable urban planning and long-term value creation in one of the most dynamic housing markets in the country. We’re proud to collaborate on what will become a flagship destination for luxury living in Las Vegas.”
The new community’s construction began this month, with completion aimed for the third quarter of 2027. As The NRP Group forges ahead, this Las Vegas project promises to be a benchmark in the blend of high-end living and integrative community development.