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Volare Apartment Homes


LOCATION:

10695 Dean Martin Drive, Las Vegas, Nevada

PROJECT TEAM:

Owners: DG Development Corporation and Fore Property Company
Architect: Humphreys & Partners

Project Summary

Live Well

DG Development Corporation, in partnership with Fore Property Company, completed construction of this 20-acre, 360-unit class A rental apartment community in November of 2015.  At completion, Volare Apartment Homes was 98 percent leased making it one of the largest and most successful multi-family efforts to be financed and built after the economic downturn.

This premier apartment community features studio, one, two and three bedroom floor plans with top of the line finishes. Interior fixtures include wood vinyl plank flooring in the common areas and carpeting in bedrooms, solid wood cabinets, nine-foot ceilings, washer and dryers and pre-wired CAT-5 telecommunications. Community amenities include a luxury clubhouse with a full body fitness center and entertainment area, 2 swimming pools, volleyball court, dog park and an outdoor “cave-style” TV cabana lounge. http://www.volareapts.com

DG Development Corporation acquired this site in August 2011 and successfully secured a zoning change from RUD to R-3 in order to permit multifamily residential. In addition to the zoning change, DG Development Corporation secured Clark County approval for 360 units to be built within 17 buildings with a combination of 2 and 3-story buildings, most with direct access garages.

Volare is located in the south portion of the Las Vegas valley, immediately adjacent to the 2,700 acre Southern Highlands master planned community and within minutes of 3 major locals oriented hotel-casino properties. Additionally, Volare is just feet from the Cactus Interchange to Interstate 15, a major north-south thoroughfare that spans from southern California through Nevada into Utah, 5 minutes from the Las Vegas Strip.

In July of 2017 Green Leaf Capital Partners purchased Volare Apartment Homes for $63 million.