More than 1K family homes coming to sites of shuttered Cashman Center

Lennar Corp. subsidiary Greystone Nevada LLC wins city approval for new housing development

Feb. 4, 2026 at 8:23pm

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The City Council has approved a plan by Greystone Nevada LLC, a Lennar Corp. subsidiary, to build more than 1,000 new family homes on the sites of the shuttered Cashman Center and a neighboring Nevada State office building near downtown Las Vegas. The project will include 781 homes on the former Cashman Center site and 290 homes on the Grant Sawyer property.

Why it matters

This development represents a major revitalization effort for the downtown Las Vegas area, which has struggled with the loss of the Cashman Center and the relocation of state offices. The new homes are expected to provide much-needed affordable and attainable housing options for the local community.

The details

Lennar is proposing a total of 1,071 new homes across the two sites. The Cashman Center site will have 781 homes, while the Grant Sawyer property will have 290 homes. All of the homes will be three-story townhomes occupying their own plots, with amenities including pools and trails. Lennar is also looking to offload 2.6 acres for potential future commercial development between the Neon Museum and the Las Vegas Science & Natural Science Museum.

  • Lennar won a city of Las Vegas auction to buy the 50-acre Cashman Center site for $36.25 million in 2025.
  • Lennar offered Nevada $10.6 million to buy the 22-acre Grant Sawyer State Office Building site shortly after acquiring the Cashman Center property.

The players

Greystone Nevada LLC

A subsidiary of Lennar Corp. that is proposing the new housing development.

Lennar Corp.

A major homebuilding company that acquired the Cashman Center and Grant Sawyer sites through its subsidiary Greystone Nevada LLC.

Shondra Summers-Armstrong

A City Council member who represents Ward 5, where the proposed project will be located.

Olivia Diaz

A City Council member who compared finding a purpose for the Cashman site to "chasing whales".

Brian Knudsen

A City Council member who proposed partnering with the developer when it demolishes the old baseball complex.

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What they’re saying

“We know that we need housing desperately, especially affordable and attainable housing within our community.”

— Shondra Summers-Armstrong, City Council member (Las Vegas Review-Journal)

“It's truly exciting to see the revitalization of these two sites.”

— Olivia Diaz, City Council member (Las Vegas Review-Journal)

“I hope this is phenomenally successful and a model for what we can be doing in this city to help with housing that everybody can access, because I think that no matter where you live, it's a big deal.”

— Kara Kelley, City Council member (Las Vegas Review-Journal)

What’s next

A construction timeline for the new homes has not yet been provided. The City Council has proposed partnering with the developer when it demolishes the old Cashman Center baseball complex.

The takeaway

This major housing development represents a significant revitalization effort for the downtown Las Vegas area, providing much-needed affordable and attainable housing options for the local community. The project is seen as a model for how the city can address its housing needs through public-private partnerships.