UnCommons, Matter Real Estate Group‘s $400 million, 40-acre mixed-use community in southwest Las Vegas, has announced that 100% of the development’s office spaces in its first phase have been leased. The milestone comes ahead of the project’s opening this summer.
“The demand for quality, inspired office space is at an all-time high in Las Vegas, which was evident when a number of our future tenants signed their leases in the early stages of construction,” said Matter Real Estate Group Vice President of Strategic Partnerships, Tom van Betten in a statement. “We are thrilled to bring a diverse collection of globally-renowned tenants to UnCommons and provide them with a dynamic, thoughtfully created workplace.”
Fulfilling a need for office space, dining and lifestyle amenities within the booming southwest Las Vegas market, UnCommons will welcome a variety of tenants to its community. DraftKings, a leader in the digital sports entertainment and gaming industries, will occupy a 90,000-square-foot technology hub; Morgan Stanley, a multinational investment bank and financial service company, will consolidate its current central and west Las Vegas locations into a 22,000-square-foot office; CBRE, the global leader in commercial real estate, will move its Las Vegas office to a 20,000-square-foot space; BDO, an international leader in assurance, tax and financial advisory services, will relocate its Las Vegas headquarters to a spacious 15,000-square-foot space; Sotheby’s International Realty, a global real estate leader, will make UnCommons its new home with a highly-visible 13,000-square-foot ground floor suite; and Berkadia, a leader in the commercial real estate finance industry which will occupy a 1,600-square-foot office.
Following the COVID-19 outbreak in 2020, the development underwent a redesign integrating health and safety features set by the WELL Building Standard. They include near hospital-quality HVAC systems, operable windows and patios, touch-free access, abundant natural daylight and interior finishes made with materials to limit the spread of bacteria. WELL Certification is the highest third-party endorsement of a building’s performance and the health of its occupants. UnCommons is also certified by Green Globes, a nationally recognized green rating assessment, guidance and certification program. The program recognizes sustainability goals for new construction projects, existing buildings and interiors to encourage improved environmental and health performance while reducing environmental impacts.
Phase II of UnCommons, which has recently broken ground, will also add two four-story office buildings totaling 180,000 square feet, featuring 20,000 to 25,000 square feet floor plates available for lease. These additional buildings will have connected patio balconies, allowing for the option for companies to connect their spaces with “super floors” that are up to 45,000 square feet. Phase II will also deliver an additional parking structure featuring nearly 750 parking stalls for community members and visitors.
In addition to its renowned office tenants, UnCommons’ emphasis on employee wellbeing and focus on community connection has attracted beloved brands and leaders in the culinary and beverage industry. The community will introduce an eclectic portfolio of onsite food and beverage options, which will include Las Vegas’ first neighborhood food hall, the first off-Strip Urth Caffé in Las Vegas and MINA Group’s first off-Strip, fast-casual restaurant concept, plus many more to be announced soon. Bringing together its lineup of food and beverage destinations, open-air common areas, fitness studios, a salon and an entertainment center, UnCommons will set the foundation for a thriving, inspiring workplace.
UnCommons is reimagining the workplace experience with market-leading design and technology, floor-to-ceiling windows that welcome daylight and views of the natural Las Vegas surroundings and breakout spaces for individual work or small group collaboration. Phase II of UnCommons’ construction is officially underway, which will bring UnCommons to more than 325,000 total square feet of modern office space, all built with distinctive architectural features and the latest in safety innovations. The final phase will bring the project to a total of 500,000 square feet of office space and is focused on occupying a single tenant for all 130,000 square feet of the fifth office building.