REMINGTON NEVADA CLOSES ON $37.5 MILLION LOAN FOR MOUNTAIN’S EDGE MARKETPLACE
Second phase of development moves forward with new tenants
LAS VEGAS (August 23, 2017) — Remington Nevada, a premier commercial land developer in the Southwest, has closed on a $37.5 million loan to complete the final two phases of development for the Mountain’s Edge Marketplace project, a 250,000-square foot retail center at Blue Diamond Road and Buffalo Drive in Southwest Las Vegas.
Already in its second phase, the half-mile long property currently anchored by an Albertsons grocery store will be joined by new junior tenants including Burger King, Chase, T-Mobile and other neighborhood services.
“This next stage is really exciting because residents will continue to see progress as we start to build a neighborhood go-to for this vast, growing community,” said David DelZotto, Founder and President of Remington Nevada. “When designing Mountain’s Edge Marketplace, we wanted to create a shopping center that was convenient and community-centric.”
The third and last phase of the development will include finalizing and building more junior anchors, as well as restaurants and service-based businesses. Remington is currently in negotiations with a well-known clothing retailer and fitness center to fill the coveted spots.
In total, when all phases of development at Mountain’s Edge Marketplace are complete, 370 new jobs will have been added to the local community.