Work on New North Las Vegas Apartment Complex Completed, Now Leasing
LAS VEGAS, NV – Construction on Parq at Camino, a new luxury apartment complex in North Las Vegas, has been completed and the facility is now open and leasing to new tenants.
Parq at Camino, developed by Morgan Stonehill, is comprised of 417 units spread out over 13 buildings and is located northwest of the Craig Ranch Regional Park and south of the 215 Beltway. It features one, two, and three-bedroom apartments ranging in square footage from 837 to 1,299, with rents starting at $1,407.
The complex’s management company, Cushman & Wakefield, noted that Parq at Camino features numerous amenities for their tenants, including electric vehicle charging stations, covered parking, pet washing stations, a dog park, a pool, clubhouse, indoor and outdoor fitness center, business center with computers and internet access, and an outdoor picnic area with barbecue grills.
The Las Vegas Valley has been experiencing issues with housing options for its many residents with a shortage of both single-family homes and apartments, and one of the areas hardest hit by this problem is North Las Vegas.
While over the course of the last year North Las Vegas saw rents dipping significantly for one-bedroom apartments, reports indicate that they have been increasing steadily as of late due to increased demand.
However, that demand is slated to be addressed as numerous apartment units – including Parq at Camino – are either opening or are in the process of opening across the valley, including in North Las Vegas. As more apartment units open, rents are expected to decrease proportionately, providing a measure of relief for those looking for affordable housing options.
North Las Vegas is currently ranked fifth on the list of cities with the greatest population increase since 2020, according to the U.S. Census Bureau, having added 9,917 additional new residents by 2021.
For information on leasing opportunities at Parq at Camino call (702) 796-7900 or visit: https://www.parqatcamino.com
Shelter Realty is a Real Estate and Property Management Company specializing in the areas of Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.