Quail Corners South Construction Underway
The Ribeiro Corporation has begun construction on Quail Corners South at Talbot Lane and Sierra Rose Drive in Reno. The 198,000 square foot professional office complex will offer individual units for lease or sale, from 1500 square feet to 60,000 square feet, with interiors built to suit. The complex will include Spanish Mediterranean buildings surrounded by upscale picturesque landscaping, putting greens and water features. Completion is scheduled for January, 2001.
Nevada Military Construction Projects Approved
A military construction bill signed into law in July allocates more than $27 million for construction projects in Nevada. The bill funds $5 million for 26 new family housing units at Nellis Air Force Base in Las Vegas. Fallon Naval Air Station will build a new $6.3 million corrosion control hangar for aircraft maintenance. Other appropriations include $1.5 million for improvements to rural armories in Winnemucca, Ely, Elko, Fallon and Yerington, and nearly $4.5 million for a new Nevada Army National Guard administration complex in Carson City.
Craig Valley Plaza Opens
Las Vegas based real estate developer Great American Capital has completed construction on its newest retail center, Craig Valley Plaza, located at Craig Road and Valley Drive in North Las Vegas. The 80,000 square foot project combines professional office space with retail stores, and will also contain a branch of the Las Vegas-Clark County library. Projects completed or under construction by Great American Capital represent more than 1.7 million square feet of development, including 1.3 million in retail, 300,000 square feet in flex and commercial business park space and 150,000 square feet of office space.
Skilled Trades Salaries Show Increase
Contractors and Builders Personnel, a Las Vegas based staffing firm, has released a report showing that greater demand for skilled trades people has led to salary increases. Their Builders 2000 Salary Survey, containing information compiled from 84 construction companies in southern Nevada, reveals the following increases in average annual salary since 1999: a director of construction’s salary increased more than $20,000 to $97,598; purchasing agents earned $50,026 this year, an increase of over $10,000; a foreman/forewoman earned $45,281, an increase of nearly $8,000; the salary for a drywall taper increased more than $7,000, to $45,025. Some companies are offering lower starting salaries to office and management personnel, but increasing benefit packages in an attempt to increase retention. Comparison of this year’s survey with the 1999 survey shows this strategy appears to be successful.
TrammellCrow Company Developing Office Park
Construction is currently underway on Sierra Corporate Center, which will be Reno’s first campus office park project. The TrammellCrow Company plans 13 buildings for the master-planned project, including office and flex space, a hotel, daycare center and retail buildings. Sierra Corporate Center, located in the Truckee Meadows near the Del Monte Lane exit on I-395, will offer the latest in technological services, including fiber optics, DSL, TI and campus paging. The first two buildings under construction, a 64,000 square foot, two-story office building and a 31,000 square foot flex building, will be completed early in 2001. TrammellCrow plans to complete two buildings a year until the complex is finished.
2000 Street of Dreams Opens in Henderson
Nine custom homes will be included in the 2000 Street of Dreams luxury housing tour, running from September 16 to October 29 in the Seven Hills master-planned community in Henderson. The show homes are valued from $1.2 million to over $2.5 million and range from 4,400 square feet to 7,700 square feet. The Street of Dreams will be hosted this year by Seven Hills’ Venezia neighborhood, a guard-gated enclave of home sites situated on a plateau overlooking the Las Vegas valley and the Rio Secco Golf Course. At the 1998 Street of Dreams, 45,000 people viewed five custom homes constructed, furnished and accessorized by teams of builders and designers. This year’s show is expected to draw in excess of 60,000 visitors.
Clark & Sullivan Completes Medical Plaza
Officials from St. Rose Dominican Hospital, Pacific Medical Buildings and Clark & Sullivan Constructors recently held a ceremony celebrating the completion of the Del E. Webb Medical Plaza at the St. Rose Dominican Hospital-Siena Campus. The 95,000 square foot office building was completed in just 11 months. The building provides direct floor-to-floor access between the offices and the hospital building, as well as a patient drop-off area providing easy access for elderly and non-ambulatory patients. The Outpatient Cancer Center occupies 15,000 square feet of the ground floor. The Medical Plaza was designed to interface with the hospital’s communications and patient data systems, providing doctors connected to the hospital with immediate access to a patient’s chart, x-rays and lab results.
Colliers Reports on Hi-Tech Trends
Las Vegas is becoming an important location for telecom switch and data facilities, according to data compiled by Colliers International, a commercial real estate firm specializing in office, retail, industrial, land and investments. Its Real Estate Trends report for the quarter ending June 2000 found that several companies are building or planning to build facilities of this kind in southern Nevada this year, with many more applying to enter the market. Southern Nevada was recently upgraded to “tier one” status for telecom infrastructure, bringing it to the same level as Denver, New York City, Los Angeles and San Jose. In most cities, telecom switch and data companies seek space in office buildings, but in southern Nevada, the report found that companies are constructing 20,000 to 30,000 square foot light industrial buildings, with an emphasis on security (no windows or identifying signs).
