Lennar Breaks Ground on 1,000 Downtown Las Vegas Homes
The 70-acre residential community targets entry-level buyers with home prices starting in the $300,000 range.
Updated on Oct. 15, 2026 in Construction
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Lennar Corp. has broken ground on a 70-acre residential project in downtown Las Vegas that will replace the former Grant Sawyer building and Cashman Center. The development targets first-time buyers and families with plans for more than 1,000 homes.
Why it matters
The project shifts the competitive landscape in downtown Las Vegas by introducing a high-density, entry-level housing supply to the city core. By targeting the $300,000 price point, the developer is aiming to attract young families who are currently priced out of many urban markets.
The development spans 70 acres and aims to deliver more than 1,000 units with starting prices in the $300,000 range. The project size and density are drawn from the developer's plan to repurpose the land formerly occupied by the Grant Sawyer state office building.
The players
Lennar Corp.
A major national homebuilder focused on large-scale residential community development.
The details
The development requires the full demolition of the existing Cashman Center complex to clear space for the new residential community. The master plan includes infrastructure for an active lifestyle, featuring walking paths, a fitness course, and amphitheater-style seating. Lennar Corp. is positioning the site along Washington Avenue east of Las Vegas Boulevard to leverage proximity to downtown infrastructure.
Timeline
Groundbreaking for the project occurred on October 15, 2026.
Vertical construction is scheduled to begin in October 2027.
Market Landscape
The project marks a shift for the former Cashman Center site from a public gathering space to a concentrated residential hub. This transition reflects a broader trend of repurposing underutilized government-owned land for dense urban housing.
Local contractors and service providers should monitor the demolition schedule for the Cashman Center to identify upcoming subcontracting opportunities. Operators in the area should factor in increased long-term housing density, which may shift demand for local retail and services.
The takeaway
This project represents a significant increase in available inventory within the downtown Las Vegas housing market. Interested operators should track the October 2027 start date for vertical construction to prepare for the subsequent influx of residents and service demand.
What happens next
Vertical construction is scheduled to begin in October 2027.
Further reading
For more on local development trends, see Construction.
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