“We bought it during the crash,” said owner Dean Kirkland. “There are other apartments around there that have done very well. And I like the employee base.”
According to permits, 93 units will be apartments and another 31 units will offer extended stays, an alternative for people who otherwise might stay in a hotel for weeks or months at a time.
Kirkland argued that tenants will appreciate the single driveway. He said the lofts have “a very intimate feel. It has a great feeling of security.”
Likewise, representatives for the Clark County Public Works department, who approved the access, said they did not expect any adverse impacts.
A traffic study submitted before the project’s approval found that the site would generate 697 trips per weekday, including 53 during the morning rush hour and 62 trips during the peak evening rush.
The study, conducted by Charbonneau Engineering, found that nearby intersections would have “acceptable levels” of traffic and that no improvements were necessary. The study was conducted in April 2012.