The new Arca apartment complex in Las Vegas boasts a pool area with private cabanas, a game room, and designer finishes and fixtures.
The upscale project was also rebuilt after a devastating fire nearly three years ago that produced flames that could be seen for miles.
Arca, just south of the 215 Beltway near Buffalo Drive, in the southwest valley, has opened. It features 356 units, spanning from 707 to 1,320 square feet, according to a news release from landlord Quarterra, a multifamily housing firm launched by homebuilding giant Lennar Corp.
As seen on Arca’s website Wednesday, rents start at $1,505 for studios, $1,792 for one-bedroom units, and $2,575 for two-bedroom apartments.
Quarterra said that Arca, 8030 W. Maule Ave., is its first multifamily development in Las Vegas and second overall in Nevada.
All told, the opening marks a full-circle moment of sorts for a suburban plot with a long history marked by a never-built high-rise complex, years of sitting dormant as a giant hole in the ground, and a new project that had to be rebuilt from a massive fire.
Its debut also comes as landlords increasingly offer concessions to land tenants in Southern Nevada following a surge in apartment construction in recent years.
Arca, for instance, is offering eight weeks of free rent and other perks to prospective residents, its website shows.
Big plans
During the mid-2000s real estate bubble, developer Rodney Yanke broke ground on a condo project that called for three 18-story towers on the site.
But the market eventually crashed, the broader economy imploded, and countless projects in Southern Nevada, including most envisioned skyscrapers, got derailed or never materialized.
Yanke’s project, Spanish View Tower, was no different.
Work crews excavated the site and started building an underground garage. But the work eventually stopped, with a trio of construction firms claiming in court papers in 2007 that they were owed more than $36 million combined, the Las Vegas Review-Journal previously reported.
In the end, the property was a gaping hole in the ground for more than a decade.
In late 2017, Clark County commissioners approved plans by Las Vegas developer Tim Deters for an apartment complex with more than 600 units, along with some commercial space, on the site.
The project didn’t start taking shape for years. But when construction was underway, the site became engulfed in flames on June 20, 2023.
No one died from the fire, and no serious injuries were reported. But it produced flames that could be seen for miles and destroyed the partially built project.
The clubhouse survived the blaze. But amid 20 mph winds, the fire spread rapidly and quickly reached all the apartment buildings under construction, according to an incident report from the Clark County Fire Department.
$100M in damages
Investigators ruled out arson but could not determine how the fire began. All told, the blaze caused an estimated $100 million in damages, according to the fire department’s investigation division.
Construction crews eventually started rebuilding the complex.
Deters’ firm, Tru Development Co., lists Arca on its own website with its portfolio of projects. He told the Review-Journal in 2021 that he was partnering with Lennar’s multifamily division on the development.
Meanwhile, Clark County commissioners last year approved a redesigned apartment project next door.
The commission gave the green light in October to Las Vegas developer Brock Metzka’s plans for a five-story, 255-unit apartment building along Maule near Buffalo, after he purchased the 5.5-acre project site for $7 million last summer.
An attorney for Metzka’s firm Avision Development Partners told the county in a letter that the first phase of the previously approved apartment complex was destroyed in the fire.
He described Avision’s project as the second phase of the overall development.
Contact Eli Segall at esegall@reviewjournal.com or 702-383-0342.
