NRP Group, Haseko Partner on 390-Unit Luxury Housing Near Durango Casino in Las Vegas
The NRP Group, a vertically integrated leader in multifamily housing development, construction, and property management, has officially announced the financial closing and groundbreaking of a landmark $133 million luxury residential community in Las Vegas. This large-scale project, set to deliver 390 high-end apartment homes, is being developed in partnership with Haseko North America, the U.S. subsidiary of Haseko Corporation, Japan’s largest condominium construction company.
Located at the northeast corner of West Maule Avenue and Gagnier Boulevard, the project site is positioned directly across from the Durango Casino & Resort, one of the city’s most high-profile new entertainment destinations, and sits adjacent to The UnCommons, a thoughtfully designed mixed-use complex featuring premium apartments, dining, retail, and Class-A office space. Together, these surroundings create a setting that blends accessibility, luxury, and convenience in one of the most promising growth corridors of Las Vegas.
A Strategic Expansion in a Booming Market
The announcement represents The NRP Group’s third groundbreaking in Las Vegas this year, a clear indication of the company’s accelerated investment in the region. Las Vegas has consistently ranked among the fastest-growing metropolitan areas in the United States, fueled by a combination of strong in-migration, tourism-driven employment, and increasing corporate relocation.
Job growth in technology, finance, hospitality, and professional services continues to attract new residents, while the city’s relative affordability compared to major coastal metros enhances its appeal for renters seeking high-quality housing options. This new project exemplifies NRP’s confidence in the long-term rental housing demand within the market.
Mike Moriarty, Vice President of Development at The NRP Group, emphasized the project’s unique qualities:
“This development is a premier example of NRP’s market-rate luxury portfolio. Its proximity to the Durango Casino and The UnCommons, combined with true walkability outside the Strip, makes it a rare and highly desirable location. From the luxury finishes to the thoughtfully curated amenities, this community will serve as our flagship in Las Vegas and set a new standard for upscale living in the region.”
Connectivity and Location Advantage
The development is located in the Spring Valley submarket along I-215, a location that offers residents excellent connectivity to both lifestyle and employment hubs. Major employers—including DraftKings, EY, BDO, Berkadia, CBRE, Morgan Stanley, Newmark, Sotheby’s, and Deloitte—are within easy reach.
Residents will also enjoy proximity to key city destinations, being just a 10-minute drive from the Las Vegas Strip and 12 minutes from Harry Reid International Airport. Unlike many Las Vegas communities that rely heavily on car commutes, this site emphasizes walkability and urban convenience, allowing residents to live, work, and play within a compact, accessible radius.
Design, Residences, and Amenities
The four-story, single-building community is designed to balance functionality, modernity, and sophistication. The project will feature a diverse mix of studio, one-, two-, and three-bedroom floor plans, providing flexibility for a broad demographic of renters, from young professionals and remote workers to families and downsizers.
Each apartment will showcase high-end finishes and modern conveniences, including:
- Stainless steel appliances
- Quartz countertops
- Designer cabinetry
- Wood-style flooring
- In-unit washers and dryers
To elevate the resident experience, the development will also deliver an extensive suite of resort-style amenities, such as:
- A resort-inspired swimming pool with sun decks
- Two landscaped courtyards for relaxation and gatherings
- A 24-hour state-of-the-art fitness center
- Indoor bicycle storage with a repair station
- An indoor pet wash station catering to pet-friendly lifestyles
- A 575-space parking garage offering ample convenience
The community clubhouse will act as a social and recreational hub, featuring a community kitchen, coffee bar, pool table, and a multi-sport simulator. The architectural approach emphasizes warm tones, modern aesthetics, and wellness-focused design, promoting both comfort and social connectivity.
Partnership with Haseko: A Blend of Expertise
The collaboration with Haseko North America highlights a strategic partnership between two industry leaders with complementary strengths. Haseko brings decades of expertise in condominium and multifamily construction from Japan, while NRP contributes its strong track record of U.S. development and property management.
Kain Matsumoto, President and Chairman of Haseko North America, explained the significance of the partnership:
“Our partnership with The NRP Group reflects Haseko’s commitment to aligning with best-in-class developers who share our vision for creating transformative communities. This project is a strategic milestone for us, combining thoughtful design, walkable urban planning and long-term value creation in one of the most dynamic housing markets in the country. We’re proud to collaborate on what will become a flagship destination for luxury living in Las Vegas.”
Laurie Mathers, Head of Investment and Asset Management at Haseko North America, also underlined the importance of location:
“The location of this community is truly exceptional, offering walkable access to entertainment, dining and employment in a way that’s rare outside the Las Vegas Strip. With nearby lifestyle and entertainment destinations just steps away, residents will enjoy a blend of convenience, sophistication, and connectivity within their new homes. This development is a perfect example of how smart site selection and elevated design can redefine urban living.”
NRP Group’s Broader Commitment to Las Vegas
Las Vegas has become a priority market for The NRP Group. In addition to this project, the firm has recently started construction on:
- North & Valley, a 105-unit affordable housing development in North Las Vegas
- Miraluna, a Class-A, 342-unit luxury community near the Southern Highlands Master-Planned Community
By the end of the year, NRP will have nearly 1,200 units under construction across four separate Las Vegas projects, demonstrating a balanced strategy that combines both market-rate and affordable housing.
Since its founding in 1994, The NRP Group has developed more than 62,000 apartment homes across the U.S. and currently manages over 30,000 residential units nationwide. Its presence in Las Vegas represents both a commitment to growth and a recognition of the region’s evolving housing needs.
A New Chapter for Upscale Living in Las Vegas
This $133 million development across from the Durango Casino & Resort is not just another apartment community—it is poised to be a flagship luxury residence in the Las Vegas market. With its combination of location, amenities, design, and walkability, it represents the next evolution of urban living in a city that continues to reinvent itself.
For Las Vegas residents, the project offers more than just housing—it provides a lifestyle that integrates entertainment, work, and leisure within a walkable, modern, and sustainable environment. For The NRP Group and Haseko, it stands as a milestone collaboration that will shape the future of multifamily living in one of the most dynamic cities in the U.S.
