Newland’s approach to asset or development management is systematic and involves the assessment, stabilization, re-positioning, operations, and monitoring of the asset. This disciplined approach is based on creating value, whether the project is the redevelopment of a downtown core with 10 million square feet of mixed-use space, portfolios of multifamily assets, or a residential master-planned community.
Photo credit: Matt Carbone
Representative Client Engagements:
THE CITY OF LAS VEGAS
Newland was retained by the City of Las Vegas to act as development manager, overseeing the design, development and sale of Symphony Park, the City's 61-acre downtown re-development project located in the heart of Las Vegas. The Symphony Park site dates back to 1905 as a stopping place for the Union Pacific railroad, and brings with it the challenges typical of developing a brownfield site. As a result of the dynamic public-private partnership between the City and Newland, the Symphony Park site is not only being re-mediated, it is being reclaimed for the citizens of southern Nevada as one of the valley's most vibrant and authentic urban communities.
The project is currently planned for 10 million square feet and will include 1.8 million square feet of office/medical, 4.5 million square feet of residential, 475,000 square feet of retail, two hotels, and The Smith Center for the Performing Arts. To date, Newland has secured third party development agreements for hotel, commercial, and civic totaling 4.5 million square feet.