Las Vegas, NV, July 1, 2025 — Colliers is proud to announce the sale of Chinatown 11 – a prime 10.54-acre transit-oriented redevelopment site in the Las Vegas Chinatown / Asian District. The property sold for $24.2 million and the buyer secured entitlements for ±380 residential units and ±30,000 square feet of commercial space that will be used for mixed-use projects to include retail, office, multifamily and restaurant amenities. Adam Malan, Deana Marcello, Gabe Skerlich, and Mike Mixer of Colliers International’s Las Vegas, NV office represented the seller, HMV Group, in the transaction.
“This transaction represents a compelling opportunity to contribute to the long-term vision of the Chinatown District,” said Malan. “With its proximity to the Strip and deep cultural and commercial appeal, this location is primed for a transformative mixed-use or hospitality development.”
The Buyer, Fore Company, is a national mixed-use developer with a strong presence in the Las Vegas, NV market who has developed three of Chinatown’s latest multi-family residential communities, including Lotus (±295 units) Jade (287 units) and Coya (±226 units).
Situated just one mile west of the Las Vegas Strip, the site lies in the heart of Las Vegas’ Chinatown/Asian District, one of the city’s most vibrant and fastest-growing submarkets. This highly trafficked corridor, centered around Spring Mountain Road, spans approximately three miles and has become a sought-after destination for locals and tourists alike, offering a unique blend of culture, cuisine, and commerce.
The area currently boasts more than 20 strip malls, 150+ restaurants, Asian supermarkets, and an array of boutique retail offerings, demonstrating the area’s continued demand for quality living and lifestyle amenities.
“Chinatown continues to thrive as both a local and tourist destination and is quickly evolving into one of Las Vegas’ most dynamic entertainment and hospitality districts,” said Skerlich. “Fore Company has played a key role in bringing more residential development to the area, helping drive this momentum. We’re excited to see how their latest redevelopment further shapes the culture and energy of the district.”
Media Contact
Ashley Jeanes
PR & Communications Specialist
U.S. West Region
ashley.jeanes@colliers.com
+1 214 706 6053
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Colliers is a global diversified professional services and investment management company. Operating through three industry-leading platforms – Real Estate Services, Engineering, and Investment Management – we have a proven business model, an enterprising culture, and a unique partnership philosophy that drives growth and value creation. For 30 years, Colliers has consistently delivered approximately 20% compound annual returns for shareholders, fueled by visionary leadership, significant inside ownership and substantial recurring earnings. With nearly $5.0 billion in annual revenues, a team of 23,000 professionals, and more than $100 billion in assets under management, Colliers remains committed to accelerating the success of our clients, investors, and people worldwide. Learn more at corporate.colliers.com, X @Colliers or LinkedIn.
