An upscale Las Vegas apartment complex that was destroyed in a massive fire while under construction, and then rebuilt from the ground up, has now been sold.
Las Vegas developer The Calida Group sold Ely at Fort Apache, a 206-unit rental property in the southwest valley, for $57.5 million. It announced the deal last week.
The sale closed May 15, according to property records that indicate the buyer was real estate firm UCR Group.
Calida co-founder Eric Cohen estimated the complex was around 92 percent occupied at the time of sale, and he confirmed that Redlands, California-based UCR Group is the new owner.
He also said the entire project had to be rebuilt after the fire there in early 2021.
Calida has said the apartment complex at 5055 S. Fort Apache Road, just south of Tropicana Avenue, features a resort-style pool area with private cabanas; an outdoor kitchen with barbecue grills and kegerator; a clubhouse with a game room and fitness center; and concierge services.
UCR, which says on its website that it owns and manages apartment properties in Southern California, did not respond to requests for comment.
The fire at the then-under-construction Ely at Fort Apache, in Las Vegas’ Spring Valley area, started around 11:50 p.m. on Jan. 18, 2021. It burned well into the following day and was battled by nearly 100 firefighters from different departments throughout the valley, the Las Vegas Review-Journal previously reported.
The towering, wind-whipped inferno was so intense that firefighters didn’t get a look inside the partially built project until the blaze was over, and by that point, everything had all but turned to rubble, a Clark County fire captain previously recalled.
The Bureau of Alcohol, Tobacco, Firearms and Explosives said that the fire was arson and caused roughly $35 million worth of losses.
Calida, one of the biggest apartment developers in Southern Nevada, has said that no one was injured in the blaze.
The firm rebuilt the complex and held a ribbon-cutting ceremony in August 2022 to celebrate its debut and honor first-responders.
At the time, the Clark County Fire Department said that a suspect had been identified but that there was not enough evidence to support an arrest warrant, and that the case remained open and under investigation.
Contact Eli Segall at esegall@reviewjournal.com or 702-383-0342.
