A major stretch of downtown Las Vegas is preparing for a transformation. Lennar plans to build more than 1,000 homes across approximately 70 acres near Las Vegas Boulevard and Washington Avenue, turning former public properties into a new residential neighborhood.

The Foundry would offer townhomes and detached houses in an area better known for civic buildings, established neighborhoods and event venues. For people who already live nearby, the story is about more than new addresses: it is about how downtown could change as more households move in.

What is Lennar planning at The Foundry?

The proposed gated community would span the former Grant Sawyer state office building property and the Cashman Center site. Rather than another apartment high-rise, the plan calls for a mix of townhomes and detached single-family homes.

The project brings residential development to land with a long public history. Cashman Center served as a familiar destination for events, while the Grant Sawyer property was associated with state government. Replacing those uses with housing is a significant shift in how the sites will function.

Lennar has announced the overall scale of the development, but prospective buyers should not assume that every planned home will be built or released for sale at the same time. The final mix and phasing will matter.

Where will the new homes be built?

The properties are on both sides of Washington Avenue, east of Las Vegas Boulevard. That puts the development close to the city's urban core, where residents may value access to downtown employers, restaurants and other services.

Location alone does not guarantee a short commute or easy walking routes. Entrances, street connections, crossings and traffic patterns will determine how convenient the neighborhood feels once people move in.

Those connections also matter to longtime neighbors. A large new residential project can alter how surrounding streets are used, even when most of its homes sit behind community gates.

How much could the homes cost?

Lennar has indicated that starting prices are planned in the $300,000s. That is an early price range, not a published list of available homes or a firm quote for any floor plan.

Buyers will need to look beyond the advertised starting number. Property taxes, insurance, mortgage terms, homeowners association dues and any assessments all affect the monthly cost of ownership. A home described as attainable will not necessarily be affordable for every household.

Until the developer releases specific floor plans, prices and association details, comparisons with other Las Vegas neighborhoods remain preliminary.

What amenities are planned?

Lennar's proposed shared features include pools, walking paths, picnic areas, a fitness course, a play field, a children's play area and amphitheater-style outdoor seating.

Those amenities could make the neighborhood appealing to families and residents who want recreation close to home. But they are not open today, and their eventual availability may depend on construction phases.

Future community documents should clarify which amenities are included, who maintains them and whether any costs are reflected in association fees.

When will construction begin, and when could buyers move in?

Lennar and its government partners held a ceremonial groundbreaking on October 15, 2026. The developer has said vertical construction is expected to start in October 2027. The ceremony therefore should not be confused with homes already being built.

No verified first move-in or closing date has been announced. Before making housing decisions around the project, buyers should wait for official sales releases and a more detailed construction schedule.

Site preparation, permits and infrastructure work may become visible before homebuilding begins. Each step will help clarify the pace of the development.

What does this mean for downtown residents?

More households could support nearby cafes, grocery stores, service businesses and neighborhood restaurants. That potential benefit is especially relevant in an area where new residential demand may influence what kinds of businesses can thrive.

At the same time, neighbors have reasonable questions about vehicle access, construction traffic, pedestrian safety and demand for schools and public services. The answers will depend on detailed plans, not simply on the number of homes announced.

The Foundry has been described as a partnership involving Lennar, the City of Las Vegas and the State of Nevada. Public improvements, project responsibilities and future maintenance arrangements are subjects to follow in official documents rather than assume from a press release.

What happens next?

The most useful updates will be confirmed floor plans and prices, the order in which homes are built, any planned road improvements and the schedule for community amenities. Residents should also watch for construction notices that explain temporary impacts on nearby streets.

For buyers, the next step is gathering specifics rather than treating an early price range as a purchase opportunity. For neighbors, it is tracking how the new development connects to the downtown community already in place.

The Foundry could reshape this stretch of downtown Las Vegas, but its everyday impact will become clearer as detailed plans turn into construction and, eventually, occupied homes.

Official information and further reading

For the developer's account of the project, read Lennar's October 15 announcement. For public planning and neighborhood information, follow the City of Las Vegas.