Matter Real Estate began the UnCommons project nearly five years ago. The $850 million multiphase project started off in southwest Las Vegas geared towards Las Vegas locals. UnCommons has been developed as separate components spread across about 40 acres, rather than on one site under a single development firm. Today, UnCommons has pre-leased office space, over 800 luxury apartment units, an entertainment venue, and various restaurants and cafes led by the top West Coast-based chefs. Big-name companies are finding their place at UnCommons like fantasy sports betting startup DraftKings, who plan to open a 90,000 square foot office that will be used as the company’s North American headquarters. Other companies like Morgan Stanley, CBRE, Sotheby’s, Deloitte, and BDO are joining the project as tenants as well. The new construction in the surrounding area has raised office rents to a record high in South Las Vegas, and companies are looking to claim those newer quality spaces, causing white-collar workers to search for housing options nearby.
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