Union Park accepted for LEED pilot program

The 61 acre master plan in downtown Las Vegas has received another major shot in the arm. The 6 billion dollar commercial project has been accepted into the U. Green Building's Leadership in Energy and Environmental Design (LEED) pilot program (the only one in Nevada). The program uses a system blending urbanism, green building design and smart growth. The site is located adjacent to the Union Park rail yards, just east of the I15 freeway.

Union Park at a glance

The project is scheduled to be complete in 2018 and will house the Lou Ruvo Brain Institute, designed by architect Frank Gehry, the Smith Center for the Performing Arts, the World Jewelry Center (possible site of a FTZ) and the Charlie Palmer Hotel a 400-room boutique hotel and condominium tower. There will also be a medical office and hotel campus adjacent to the Brain Institute.

Completed projects in the area include the Las Vegas Outlet mall and the soon to be completed World Market. At its completion, the Union Park development could be the biggest green project in Nevada.

The impact the project will have on the property values for the surrounding Las Vegas real estate should be very positive, especially for the residential properties like Newport Lofts, Soho, Streamline Tower and Verge. The thousands of jobs the project will create should also help increase the demand for close, quality housing.

Related:

Why going Green makes Dollars and Sense

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