The Gramercy Las Vegas is a best-in-class 20-acre mixed-use development located at the 215 Beltway and Russell Road in the southwest Las Vegas valley.  The completed first phase includes both the commercial Gramercy I and II buildings and The Residences at the Gramercy.

The WGH Partners, along with San Francisco partner Krausz Companies, acquired the partially-completed project for $20 million in 2013. The development partners sold The Gramercy I and II in April of 2017 for $61.75 million, representing a price of over $330/square foot.  In 2018, WGH and Krausz sold The Residences at The Gramercy Las Vegas at $45 million.

Initial construction had commenced on what had been known as “Manhattan West” in 2006, and then was halted abruptly when the original developer walked away from the development in 2008 at the height of the economic crisis. After an extensive redesign that included the implosion of a partially-completed nine-story condominium tower, construction of a nine-story-tall freeway-visible pylon sign and substantial upgrades to planned fixtures, equipment, and public spaces, the project delivered keys to its first office tenant in the summer of 2014 and the residences welcomed its first occupants in spring of 2015. 

Both the offices and the residences benefit from private subterranean parking garages, a hugely-desirable but rarely-found amenity in the marketplace due to the prohibitive cost of excavating the dense, iron-rich caliche soils prominent in the valley.

The Project ended up winning a BOMA award in 2015.

Here is a glimpse of before and after photos of the project.  

Rainbow Sunset Pavilion is the 2014 winner of The Outstanding Building of the Year (TOBY) Award in the Office Building 100,000- 249,999 square foot category. BOMA Nevada is a federated member of Building Owners and Managers Association - an international association with more than 18,000+ members worldwide for commercial property and facility managers. BOMA awards are the most prestigious and comprehensive programs of their kind in the commercial real estate industry recognizing quality in buildings and rewarding excellence in building management. During the competitions, all facets of a building's operations are thoroughly evaluated. Entries are judged on everything from community involvement and site management to environmental and "green" policies and procedures.

A dormant apartment project in southeast Las Vegas has reawakened. WGH hired Thomas & Mack Development as a consultant on the two developments and Martin-Harris as the contractor. An attractive feature of the unfinished asset was the built-out parking podium. Underground parking is costly to develop, and having the structure in place was a big attraction and cost savings.

WGH Partners acquired the asset for pennies on the dollar in 2015, but still required $13 million to finish the project. The property was a complete shell when it was acquired.

The four-story mid rise offers residents boutique-style living with first-class amenities and spacious floor plans sprawling the 200,000 square-foot property. The uniquely designed U-shaped community, located conveniently off the new Interstate 15 and Cactus Avenue exit, is now leasing 100 lavish units. The Lennox boasts one to three bedroom expanded floor plans spanning 930 to 1,900 square feet with three elevators providing quick and easy access to all units. The units offer dual master suites in selected floor plans, over sized private balconies featuring coveted Strip and mountain views, access-controlled podium parking, upgraded flooring, modern stainless steel appliances, eye-catching open kitchen layouts complemented by granite counter tops with pendant lighting illuminated bar, and chic frame less shower doors accompanied by beautiful quartz bathroom counter tops.