LAS VEGAS (April 8, 2026) – Longtime downtown Las Vegas developer and owner of shareDOWNTOWN apartments communities, Cherry Development is launching a first-of-its-kind Path to Homeownership Program to help its apartment residents on their journey from renting to owning a home.
“We have always been committed to creating a supportive community for our shareDOWNTOWN residents and to diversifying housing options in downtown Las Vegas,” said Jason LeDell, managing partner of Cherry Development. “Realizing that some apartment residents may eventually want to buy their own home, we saw a unique opportunity to create this program pairing our own financial investment with the support of a network of local partners dedicated to helping prospective homebuyers.”
Under the Path to Homeownership program, qualified shareDOWNTOWN residents can receive monthly contributions of $200 from Cherry Development that are deposited into a dedicated account for use toward a down payment for a future home purchase or closing costs. Residents who are financially and credit-qualified may access funds after a minimum of 12 months of participation.
For the program, Cherry Development has forged strategic partnerships with local financial institutions, mortgage lenders, title companies, and credit improvement specialists who share a commitment to expanding access to homeownership. Program partners provide discounted services, financial incentives, credit counseling, debt relief assistance, and educational guidance to help residents become mortgage-ready and successfully transition into homeownership.
So far, Cherry Development has recruited as program partners: First Savings Bank, Stewart Title, Guild Mortgage, USA Mortgage – The Parent Team, All Western Mortgage, Silver State Schools Credit Union, Security 1st Title, Neighborhood Housing Services, PandA Law, the Southern Nevada Regional Housing Authority, local real estate agents, and government resources in the city of Las Vegas and Clark County.
The community-focused program is open to residents of shareDOWNTOWN buildings in the Arts District and Fremont East and will be available to residents of shareWESTSIDE when it opens later this summer in the Historic Westside neighborhood of downtown Las Vegas.
Ledell added that current residents have been informed of the program, and many have already expressed interest in participating.
shareDOWNTOWN residents must sign a 12-month lease to qualify for the program, with the option to renew for up to two additional 12-month terms (maximum of 36 months). A minimum of 12 months of residency at shareDOWNTOWN is required before any funds may be accessed. If additional time is needed for credit repair or mortgage qualification, residents may extend participation up to 36 months total. Monthly contributions are limited to the first 24 months only.
About Cherry Development
Founded by Las Vegas native Sam Cherry in 2002, Cherry Development is a pioneering residential and commercial developer in downtown Las Vegas. The company’s first large-scale residential project was Soho Lofts, which opened in 2005 as the first high-rise luxury condominium building in downtown Las Vegas. Soon after, Cherry Development built and opened Newport Lofts, another resort-style condominium building located downtown that highlighted the company’s dedication to great design, livable features, and fine craftsmanship. Together, these mixed-use projects redefined the skyline of downtown Las Vegas and reinvigorated the surrounding neighborhood. Cherry Development’s projects seek to balance urban lifestyles, peaceful personal environments, and community driven experiences. Towards those goals and to diversify the housing options downtown, Cherry Development launched the shareDOWNTOWN apartment brand with its first building opening in the Arts District in 2020 and a second in Fremont East in 2023. The brand’s third project is scheduled to open in May 2026 in the Historic Westside neighborhood. Named shareWESTSIDE, it will be the largest building of the apartment brand and will be located next to a new dining and entertainment destination, called The Good Word Social Club, which Cherry Development is also building. Together, they represent the largest private investment in the Historic Westside neighborhood in decades, again showcasing the commitment of Cherry Development to pursuing innovative residential and commercial projects in downtown Las Vegas neighborhoods to support redevelopment and create a purposeful urban core for Las Vegas.
About shareDOWNTOWN
shareDOWNTOWN is a premium residential apartment community that offers a modern live/work/play lifestyle in the heart of fast-growing downtown Las Vegas neighborhoods. The first shareDOWNTOWN apartment complex opened in the Las Vegas Arts District in July 2020 and a second opened in spring 2023 in Fremont East. A third, named shareWESTSIDE, will open in the Historic Westside neighborhood in May 2026, and additional sites of the apartment brand are planned by Cherry Development. Every shareDOWNTOWN unit features modern design elements, such as European cabinetry, wood plank-style flooring, quartz countertops and stainless-steel appliances, including an electric cooktop and a smart all-in-one washer/dryer. Residents enjoy unique amenities, including a fitness center, free business center, community kitchen area, and open-air courtyard. The ground floor includes retail space and parking for residents. For more information on shareDOWNTOWN and leasing opportunities, visit: www.sharedowntown.com or follow @sharedowntown on social media.
