Las Vegas is undergoing a shift in construction, marked by transformative projects nearing completion that leans towards family-oriented entertainment. In an article published by the Cumming Group they detailed the developments that are reshaping the city’s skyline and steering it from Casino-led entertainment construction projects to a focus on entertainment.
“The Sphere,” a standout project highlighted in Cumming Group’s article, is a game changer in entertainment venues on the Las Vegas Strip. A few weeks ago, the thirty owners in Major League Baseball unanimously approved the move of the Oakland Athletics baseball team to Las Vegas. This is only three years after the Oakland Raiders relocated to Las Vegas. It is speculated that the Athletics will play in The New Las Vegas Stadium, a retractable roof ballpark to be built on the site of the Tropicana Las Vegas in Paradise, Nevada.
Further “speculation” has been made that the National Basketball Association (NBA) is considering bringing a team to Las Vegas. Former NBA great, Shaquille O’Neal has expressed interest in being involved with a group that will bring the NBA to our great city.
With a deliberate move towards diverse entertainment options, Las Vegas is ensuring that the supporting infrastructure remains robust. The high demand for schools, healthcare facilities, and hospitality spaces indicates a strategic approach to creating a city that is not only an entertainment hub but also an attractive place to live and work.
While Cumming Group’s previous report highlighted challenges in commercial real estate (CRE), the stability in manufacturing and light industrial sectors serves as a testament to the city’s adaptability and resilience. Las Vegas continues to navigate complexities, showcasing a construction boom that goes beyond erecting buildings to building a future embracing diversity and community.
As Las Vegas shapes its future skyline, JAG Development’s Commercial Construction Division stands out as a reliable partner to accommodate diverse construction needs. If you are considering joining the booming Las Vegas market with a commercial construction project, we’d love to be involved. Give us a call at (702) 570-9170 today.