Developers and retailers are again flocking to the section of the 215 Beltway near South Durango Road that was stunted by the recession, and other developers in the area are following suit.
“What’s happening in the southwest now is what was happening in 2005 or 2006,” said David J. Tina, president of the Greater Las Vegas Association of Realtors. “Not in a bad way, in a positive way.”
The areas of the Southwest and Henderson along the Beltway is advantageous for developers because of its visibility, Tina said.
“It’s a great place to have a commercial space because you have people that are passing it all day, every day” on their way to work between Summerlin and Green Valley. GLVAR headquarters are also moving to a spot between Sunset and South Rainbow Boulevards, from the association’s location on East Sahara Avenue. Tina said it reflects the increasing number of members who live and work near that area.
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