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29-Acre NLV Gateway is Largest Redevelopment in City’s History
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State of the Art MOB Represents City’s First New Office in Downtown Core since 1973
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With New Construction, Agora Announces Lease with Pueblo Medical Imaging Services
North Las Vegas, NV (September 5, 2024) – Agora Realty and Management (Agora), based in Calabasas, CA, and the City of North Las Vegas announced today substantial completion of construction for a new state of the art 42,000-square-foot medical office building located at the heart of the now underway NLV Gateway downtown redevelopment. The 29-acre mixed-use master-planned commercial district in North Las Vegas’ central core is strategically located at the gateway to the city, east of the I-15 freeway along Lake Mead Boulevard and north along Las Vegas Boulevard.
The new medical office building helps to fill an important void for North Las Vegas residents by bringing much needed healthcare services to the downtown area and marks an important milestone for the mixed-use redevelopment. With completion of construction on the city’s first new downtown office building of this size since 1973, Agora has also announced a 7,500 square foot lease with Pueblo Medical Imaging Services.
For the City of North Las Vegas, the construction of NLV Gateway is a transformative catalyst for downtown and the long-term future of the city.
“The completion of the North Las Vegas Gateway Medical Office marks a pivotal moment for North Las Vegas. This facility is more than just a new building; it represents our commitment to revitalizing our downtown core and enhancing healthcare accessibility for our residents. The opening of the Gateway Medical Office is the first step in our broader plan to transform downtown North Las Vegas, showcasing our dedication to both innovative healthcare solutions and a thriving community. As we continue to invest in new businesses and improved infrastructure, let’s embrace this milestone as a step towards a healthier, more prosperous future for our city,” said City of North Las Vegas Mayor Pamela Goynes-Brown.
“NLV Gateway is a true public-private partnership. The city shared with us what their community needed, and we planned this development to meet those needs – starting with medical services. There has been a tremendous void of quality healthcare for too long and we are thrilled to bring something so important to North Las Vegas residents,” said Agora CEO Cary Lefton.
Since announcing plans for NLV Gateway, the Agora team has been working with the city to bring critical infrastructure to the aging downtown including fiber and upgraded power to encourage greater connectivity and accelerate construction of the mixed-use project. All told, Agora has invested more than $200 million to support development of NLV Gateway that will add 200,000 square feet of retail and restaurants and 125,000 square feet of office and medical office space along with significant public spaces.
Looking ahead, Agora will soon announce completion of construction of a new 2,300 square foot Starbucks, among other new tenants. Construction on the balance of NLV Gateway is scheduled to be completed by 2026.
Agora is the most active retail developer and one of the largest owners of commercial property in North Las Vegas. The firm is also leading the development of Hylo Park, a 73-acre mixed-use project located at the southwest and northwest corners of Rancho Road and Lake Mead Boulevard. This massive ground-up mixed-use development will bring a new walkable master planned community and dynamic sports village and public plaza to the city as well as grocery-anchored retail center, restaurants, and commercial services.
North Las Vegas has captured the interest of developers for many reasons, including the fact that the area benefits from large tracts of land with proximity to a great labor pool supported by a business-friendly environment. For this reason, the city has benefited from phenomenal growth and investment. Over the past ten years, the city has recruited companies to North Las Vegas that created more than 63,000 new jobs.
About Agora Realty & Management, Inc: Agora is a leading West Coast full-service real estate development firm headquartered in Calabasas, California. Founded in 1986, the company has an impressive track record for its comprehensive in-house expertise, team-centric culture, strong partnerships and exceptional ability to bring together the right people with the right properties. Real estate holdings and projects include shopping centers, business parks, mixed-use retail, office buildings and residential condominiums, as well as both single- and multi-family dwellings. Agora owns a 2 million-square-foot real estate portfolio that includes a mix of properties in Hawaii, Nevada, and California. For more information,www.agoraproperty.com.
About The City of North Las Vegas: North Las Vegas stretches across the northern rim of the Las Vegas Valley and is home to more than 275,000 residents. As a premier place to live, work and play, North Las Vegas leads the valley in new home development while maintaining a longstanding tradition of successful economic development in a business-friendly environment. The City of North Las Vegas’ fast and faster approach has made the city a top destination in the country for development opportunities. North Las Vegas is a hub for new job creation and economic diversification that attracts global brands, innovative industries, manufacturing, e-commerce, and logistics centers.
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