North Las Vegas’ Apex Industrial Park could easily become an “innovation hub,” according to a recent report conducted by the Urban Land Institute of Nevada.
With the momentum provided by early tenants like Faraday Future and Hyperloop One, the park has the potential to become a true center for cutting-edge development rather than just another collection of industrial operations. The Urban Land Institute of Nevada estimates that Apex could provide 20,000 jobs, including many highly technical careers.
Work is already underway to bring the massive amounts water and power needed to sustain such operations. The city of North Las Vegas is in the process of a $185 million infrastructure project that will establish connections for water and sewer lines at the Park by March of 2018.
North Las Vegas Mayor John Lee said that the Apex Industrial Park “is poised to become a platform for innovation,” and that it will be a further “impetus for large-scale economic change in our region.”
Urban Land Institute of Nevada Imagines “A Way Forward for Apex”
The Urban Land Institute of Nevada conducted an economic impact study on the 18,000 acre Apex Industrial complex at the request of the Las Vegas Global Economic Alliance, a development agency purposed with bringing economic growth to the Clark County area.
In their report, ULI Nevada notes how the location of the Apex site next to rail and major highway infrastructure make it highly advantageous for manufacturing operations and large-scale technology development. The report highlights how current Apex tenants “are already largely functioning with sustainable high performance,” showing how the site can enable high levels of productivity.
It also notes that Apex is a twenty minute drive from downtown Las Vegas and ten minutes away from the nearest residential communities. As development of the Villages at Tule Springs gets underway, highly desirable properties for families and young professionals will become available. A renovation project currently underway on the north side of I-215 will enable easier access to residential areas and relatively quick commute times for Apex workers.
Apex Will Be New Home for Skilled Workforce, Says Mayor John Lee
Speaking on how the Las Vegas Global Economic Alliance intends to leverage the ULI Nevada report, CEO Jonas Peterson explained “the goal is to transition Apex from an industrial park to an innovation hub, where we can test, develop and manufacture mobility systems.”
Peterson revealed that the development plans for Apex are intended to coincide with the more diverse economic goals of the region, saying that the Alliance wants to “diversify and strengthen the overall economy while growing tourism, casino and hospitality businesses.” He made clear that “Apex is part of the strategy to meet that demand, and the potential has risen dramatically.”
Mayor John Lee had a positive reaction to the report and activities of the Las Vegas Global Economic Alliance, asserting that the city of North Las Vegas, “will continue working with our partners to encourage a unified vision for future development at Apex and to ensure that our city continues to provide the skilled workforce that the many companies moving here will need.”