Groundbreaking New Development To Change The Face Of Downtown Las Vegas Living

SCOTTSDALE, Ariz., Jan. 19, 2016 /PRNewswire/ -- The Wolff Company has announced a partnership with 901 Fremont, LLC, an affiliate of Downtown Project, with plans to develop a groundbreaking mixed-use multifamily project on 1.3 acres in Downtown Las Vegas (DTLV). The proposed 5-story, podium-style building, currently being dubbed Fremont & 9^th, will include 231 units as well as 15,000 square feet of retail space along Fremont Street. It will be the first of its kind in the emerging Fremont East area, which is being revitalized with the help of many investments and initiatives by Downtown Project and its founder, Tony Hsieh, the CEO of Zappos.com, Inc.  

"We're happy to welcome The Wolff Company to downtown, and believe this development is an important addition to Fremont Street because there currently isn't anything like it available in the area," said Hsieh. "Increasing the residential density is key to making the Fremont East area a truly vibrant place to live, work, and play. We're excited to see this development for those who want to live downtown."

Located at the intersection of 9th and Fremont Streets, the property will be within walking distance to dozens of restaurants, bars, and other retailers and small businesses in the urban DTLV district. It will be adjacent to the largest dog park in DTLV, The Hydrant Club, a block from Downtown Container Park, and a 5-minute walk to the Fremont Street Experience. Residents will also have convenient access to U.S. Highway 95 and Interstate 15, and will be just minutes from the Las Vegas Strip and the UNLV campus.

"The population of Downtown Las Vegas is growing and evolving, yet there is a lack of rental housing options to meet the area's demand," said Nate Carlson, Vice President of Development for The Wolff Company. "Fremont & 9th will change the face of DTLV living, offering residents a stylish home with unprecedented access to entertainment, retail and hospitality."

Fremont & 9th is being designed to take full advantage of its location with a suite of amenities that promote a true "live, work, play" lifestyle. Urban art and style will be found throughout the property from its hip resident lounge and resort-style pool to the premium unit finishes such as quartz countertops, under-mounted sinks, custom tile backsplashes and stainless steel appliances. The Korte Company, based in Las Vegas, has been selected as the general contractor. Construction on Fremont & 9^th is scheduled to start in the next 30 days.

About The Wolff Company
Wolff has invested in, acquired and developed high-quality multifamily assets for more than six decades. The Company is headquartered in Scottsdale, Arizona and maintains offices in Washington, Massachusetts and California. Contact us at 480.315.9595 or visit us online at www.awolff.com.

About Downtown Project:
The goal and purpose of Downtown Project is to help make Downtown Las Vegas a place of inspiration, entrepreneurial energy, creativity, innovation, upward mobility, and discovery. The community-oriented organization does this through the three Cs of collisions, co-learning and connectedness in a long-term, sustainable way.

Downtown Project is an umbrella organization that functions as the equivalent of a holding company, encompassing a collection of investments across small business, technology, and real estate. Downtown Project has allocated $350 million to aid in the revitalization of Downtown Las Vegas.

Any release contained herein should not be construed as a solicitation and no solicitation is hereby made or intended.  This release may contain forward-looking statements that are based on management's current expectations, estimates, forecasts and projections and are not guarantees of future performance. Actual results may differ materially from those expressed in these forward-looking statements, and you should not place undue reliance on any such statements. Forward looking statements can be identified by the use of words such as "believe," "expect," "plan," "estimate," "project," "target," "anticipate," "intend," "may", "will," "continue," and other words of similar meaning in connection with a discussion of future operating or financial performance.  A number of important factors could cause actual investment results to differ materially from the forward-looking statements that may be contained in this release. Forward-looking statements in this release speak only as of the date on which such statements were made, and management undertakes no obligation to update any such statement or statements that may become untrue because of subsequent events. We claim the safe harbor protection for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.

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SOURCE The Wolff Company

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http://www.awolff.com