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Las Vegas Real Estate Investment - Park Heights Cornerstone Redevelopment in Henderson - Update!
I recently blogged on GSG Development seeking Henderson Planning Commission approval for a 40 acre mixed use project on the Cornerstone Redevelopment Site. The location is a former industrial site around Stephanie and the 215 Beltway, next to an approved future Cornerstone Lake Community Park. The developers were seeking approvals for the project that would include 2 - 330' condo towers. The concerns or the planning commission were the heights of the towers and the potential traffic from the development.
After being continued while awaiting completion of new renderings to show tower heights, and for traffic studies, the project has been voted on and approved by the planning commission. The city's traffic engineer believes that while there will be an increase in traffic in the area, the streets should be able to handle the flow as long as the project includes businesses that will handle daily needs, alleviating residents from making extra trips outside the development. The planning commission also restricted the height of the 2 tallest towers to 250', down from the requested 330'. Even at that reduced height, if built they would become the tallest buildings in Henderson, approximately 20' taller than the current highest, Sunset Station's ... more
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