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New development to bring more upscale retail, restaurant options to Henderson

Posted at 4:17 PM, Dec 28, 2018
and last updated 2019-01-30 10:50:01-05

HENDERSON (KTNV) — One of the fastest growing areas in Henderson is adding another business development.

A new 300,000-square-foot, mixed-use project from Stable Development, a Las Vegas-based commercial real estate developer, is set for construction near St. Rose Parkway and Spencer Street.

Construction has been booming along St. Rose Parkway of late, with a new Costco opening earlier this year and the Raiders practice facility being built. Now, this massive commercial project is adding to that growth.

“This development is perfectly situated in the growing West Henderson area just down the street from the Raiders practice facility, existing retail and the Henderson Executive Airport,” said Lance Bradford, chief executive officer of Stable Development. “We anticipate bringing unique and upscale dining and retail options to Henderson where there is a high demand for these services.”

The commercial real estate developer will begin phase one of three in early 2019 with The Korte Company for construction and the Cunningham Group, an international architecture firm.

Stable Development has made a substantial investment in Henderson, recently purchasing 8.15 acres from the City of Henderson for $8.25 million to create the 12.5-acre space for the project.

"We're going to have a unique village of restaurants here with the diversity of type, both from breakfast to dinner, to everything," Bradford said.

"The Village" is expected to open around the same time Google is planning to open its data center in Henderson. So the demand appears to be there for businesses all around the area.

"This area will fully develop in the next 5 years if not before that and become a real central part of the Las Vegas valley," Bradford said.