Calida Group Buys 13-Acre Parcel Next to Las Vegas Durango for $18M; Plans Luxury Apartments
LAS VEGAS, NV – The Calida Group, a multifamily real estate development and investment firm based out of Clark County, has closed on a purchase of a parcel of land in the southwest Las Vegas Valley next to a prominent hotel, with plans to begin building a luxury apartment complex starting in late 2025.
The purchase takes the form of a 13.2-acre parcel next to the Durango Resort located in the vicinity of Durango Drive and the 215 Beltway, with the Calida Group paying approximately $18.3 million to Las Vegas apartment developer Ovation for the property, according to records.
The developer has announced plans to hold the official groundbreaking on the project early this upcoming spring, with the facility boasting 393 upscale apartment units spread out over a four-story Ainsley-branded building, which is set to include “ultra-modern designer fixtures, timeless hardware and luxurious amenities.”
Calida’s Co-Founder, Doug Eisner, noted that the currently-unnamed project will have a slew of high-end amenities for tenants that fall in-line with other neighboring properties that the firm has built in Las Vegas, such as a game lounge with billiards and shuffleboard, in addition to a gym, sauna, yoga studio, Himalayan salt cave and massage and steam rooms.
In addition to all of the upscale trappings and perks of living in the new facility, one of the main draws, according to Eisner, will be the location of the apartment complex, which is in an up-and-coming part of the valley that is within walking distance of the Durango and its plethora of food and entertainment offerings.
“We think it’s a huge amenity,” Eisner said.
Units at the upcoming complex will range from 575 to 1,450 square feet, with monthly rent expected to be between $1,700 to $3,200 per month, according to the Calida Group.
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