The Gramercy - Residential
The Gramercy is a best-in-class 500,000-square-foot mixed-use development on 20 acres located at 9205-9275 W. Russell Road, just west of the 215 Beltway at Russell Road in the southwest Las Vegas valley. A mixed use project, The Gramercy encompasses 200,000 square feet of Class-A office and retail space and a four-story mid-rise with 160 apartment units surrounding a “central park”, complete with shaded seating areas, a community fire pit, barbeques, swimming pool & spa and dog park.
The Gramercy Residences offer sophisticated studio, one, two, and three bedroom apartments coupled with convenient access to Spring Valley’s most coveted restaurants and shopping. Located a short 20 minutes from the Las Vegas Strip, residents can enjoy the peace and quiet of home while being a short drive away from boutique dining experiences and exciting nightlife.
Acquired: $22 M in 2012
Status: Completed in 2013 ROI: Sold in 2017 for $61.7M