Significant new development is on the way for Las Vegas’ Chinatown / Asian District after Fore Company just spent $24.2 mil for Chinatown 11, a prime 10.54-acre transit-oriented redevelopment site in the submarket.
The buyer has already secured entitlements for roughly 380 residential units and 30k sf of commercial space that will be used for mixed-use projects to include retail, office, multifamily and restaurant amenities.
Situated just one mile west of the Las Vegas Strip, the site lies in the heart of Las Vegas’ Chinatown/Asian District, one of the city’s most vibrant and fastest-growing submarkets. This highly trafficked corridor, centered around Spring Mountain Road, spans approximately three miles and has become a sought-after destination for locals and tourists alike, offering a unique blend of culture, cuisine, and commerce.
Fore Company, is a national mixed-use developer with a strong presence in the Las Vegas, NV market who has developed three of Chinatown’s latest multi-family residential communities, including Lotus (±295 units) Jade (287 units) and Coya (±226 units). The seller, HMV Group, was represented by Adam Malan, Deana Marcello, Gabe Skerlich, and Mike Mixer of Colliers International’s Las Vegas, office.
“This transaction represents a compelling opportunity to contribute to the long-term vision of the Chinatown District,” said Malan. “With its proximity to the Strip and deep cultural and commercial appeal, this location is primed for a transformative mixed-use or hospitality development.”
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