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 only development of its kind in the southwest Las Vegas valley offering true Class-A office/retail and residential with abundant direct access subterranean parking, The Gramercy was developed to offer urban-style living in the valley’s fastest growing suburban area just minutes from Las Vegas McCarran International Airport and the Las Vegas Strip.
Acquired: $22 M in 2012
Status: Completed in 2013 ROI: Sold in 2017 for $61.7M