Las Vegas Commercial Real Estate

Montecito Cos. announced plans to build Cheyenne Point retail center. The 93,000-square-foot retail center will be anchored by a grocery store on 9 acres at the southeast corner of Cheyenne Avenue and Civic Center Drive. The project cost is expected to cost $21 million.

It would also be the first large-scale commercial retail project in North Las Vegas’ 460-acre northern redevelopment zone formed in 1999. Many hope the project will encourage nearby businesses and homeowners to improve their own properties.

Currently, the retail center is 69% leased. Montecito expects to lease the remaining space once the center opens in early 2007.

This entry was posted on Wednesday, July 26th, 2006 at 3:57 am and is filed under Commercial Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.