Overview
The Gramercy Residences is the 160-unit Class A residential component of The Gramercy, a 20-acre mixed-use development at the 215 Beltway and Russell Road in southwest Las Vegas. Built in 2015 as part of the WGH Partners and Krausz Companies redevelopment, the four-story apartment buildings offered upscale living in the Spring Valley submarket. Lyon Living acquired the two apartment buildings along with 12.6 acres of adjacent land for $45.75M, pricing at over $231,000 per unit, more than double the Las Vegas market average at the time.
Project Details
- Status
- Sold
- Type
- Class A Apartments
- Location
- Las Vegas, NV
- Size
- 160 Units
- Sale Price
- $45.75M
- Price Per Unit
- $231,250+
- Year Built
- 2015
- Buyer
- Lyon Living