The Calida Group has recently closed on financing for two new development projects in Las Vegas totaling $200 million in new development.
“We are grateful for the partnerships we have secured for these new projects at a time when many other developments are being delayed because of financing challenges. We believe the demand for new, high-quality housing projects in Las Vegas will continue as the growth of this market remains robust in drawing new residents,” said Chris Leggee, head of capital markets. “Calida has been the leader in multifamily development in Las Vegas for nearly a decade now and we plan to continue to build additional projects to meet the demand of this market.”
The first project, Elysian at Skye Canyon, recently broke ground in the northwest growth corridor of Las Vegas and will deliver 315 units starting in late 2024. The $87 million development was financed by one of the firm’s longstanding banking relationships, providing 65 percent loan
