Lennar Breaks Ground on The Foundry, Expanding Opportunity for Attainable Homeownership in Downtown Las Vegas
Key Highlights
- ➤The Foundry plans more than 1,000 homes across a 70-acre downtown Las Vegas redevelopment.
- ➤Home prices are planned to start in the $300,000s.
- ➤Vertical construction is expected to begin in October 2027.
- ➤Grant Sawyer relocation saved Nevada $207 million, Gov. Joe Lombardo said.
Expert Statements
Joe Lombardo, Governor of Nevada
“This is a great example of how we can put state property to better use, save taxpayer dollars, and expand housing opportunities for Nevada families.”
Joe Lombardo, Governor of Nevada
“By relocating state employees from the aging Grant Sawyer Building, we saved the state $207 million and opened the door to 1,000 new homes on this site.”
Joe Lombardo, Governor of Nevada
“I want to thank Lennar and the City of Las Vegas for their partnership in getting this project to the starting line.”
Joe Lombardo, Governor of Nevada
“My administration will continue working with local governments and private-sector partners to reduce barriers to development, increase housing supply, and help more Nevadans achieve homeownership.”
Joy Broddle, Lennar Las Vegas Division President
“The American Dream of homeownership should be within reach for more families, and The Foundry represents an important step toward making that possible in Las Vegas.”
Joy Broddle, Lennar Las Vegas Division President
“This is what a strong public-private partnership can accomplish, bringing together a shared vision and a commitment to expanding homeownership opportunities while investing in the future of downtown Las Vegas.”
Shelley Berkley, Mayor of Las Vegas
“One of the city's top priorities is housing, and I want to thank Lennar and the State of Nevada for partnering with the city of Las Vegas to build homes for the hard-working people who power this city—our hospitality workers, teachers and first responders.”
Shelley Berkley, Mayor of Las Vegas
“This is a great example of a public/private partnership that is going to benefit the entire community with high-quality, beautifully designed, living spaces that are attainable.”
Shondra Summers-Armstrong, Ward 5 Councilwoman, City of Las Vegas
“Today is about more than pouring concrete or moving dirt.”
Shondra Summers-Armstrong, Ward 5 Councilwoman, City of Las Vegas
“It is about laying the foundation for a more inclusive, vibrant and accessible Las Vegas.”
Shondra Summers-Armstrong, Ward 5 Councilwoman, City of Las Vegas
“Lennar has been a wonderful partner to the city and the state on this project, and I cannot wait to see working families move in, put down roots and call Ward 5 home.”
Lennar Breaks Ground on The Foundry, Expanding Opportunity for Attainable Homeownership in Downtown Las Vegas PR Newswire
70-acre redevelopment of the former Cashman Center and Grant Sawyer sites will feature 1,000+ homes planned from the $300,000s
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