Big Mixed-Use Project Arrives in Henderson
Henderson continues its rapid growth with a significant new development poised to reshape a key intersection. Locals will soon see a substantial mixed-use complex featuring hundreds of apartments and new retail spaces taking shape at Lake Mead Parkway and Water Street, aiming for completion by late 2025.
Introducing The Union at Cadence Development
This expansive 22-acre project, spearheaded by a partnership involving Story Living Development and Tru Development, is set to bring considerable residential and commercial activity to Henderson. While located adjacent to the popular Cadence master-planned community, it’s important to note this development is not formally within Cadence itself, occupying a strategic corner that bridges existing and future growth areas.
Key Features and What to Expect
The centerpiece of this development, known residentially as “The Union at Cadence,” will be 636 apartments, offering a mix of one-, two-, and three-bedroom units. These new residences aim to address the ongoing demand for diverse housing options in the valley. Complementing the residential component, the project will also include 15,000 square feet of prime retail space. This commercial footprint is expected to host a variety of businesses, potentially including new restaurants, cafes, and essential service providers, enhancing the convenience and amenities available to both residents of the new complex and the broader Henderson community.
Construction has already commenced on this ambitious undertaking, with developers targeting a late 2025 completion date. The substantial investment and scale of this project signify continued confidence in Henderson’s economic vitality and its appeal as a place to live and conduct business.
Impact on Henderson and the Water Street District
This new mixed-use development will have several significant implications for Henderson. Firstly, it adds a substantial number of housing units to a market still experiencing high demand, potentially easing some of the pressure on rental prices and availability. Secondly, the new retail spaces will inject fresh commercial energy into the area, offering more choices for shopping, dining, and services, and generating local jobs. The location, near the revitalized Water Street District, further supports the ongoing efforts to transform and enhance that historic area, creating a more vibrant and walkable community hub.
However, with growth comes considerations. The increase in residents and commercial activity will likely impact local infrastructure, particularly traffic flow on Lake Mead Parkway and Water Street. City planners and residents will need to monitor how the existing road networks adapt to this increased volume, especially during peak hours. The project also contributes to the evolving character of Henderson, bringing a more urban, mixed-use style of development to an area previously dominated by traditional suburban sprawl.
Project at a Glance
| Feature | Details |
|---|---|
| Total Acreage | 22 acres |
| Residential Units | 636 apartments |
| Retail Space | 15,000 sq ft |
| Location | Lake Mead Pkwy & Water St |
| Expected Completion | Late 2025 |
Frequently Asked Questions
- Where exactly is this new project located?
It is situated at the northeast corner of Lake Mead Parkway and Water Street in Henderson, adjacent to the Cadence master-planned community. - What kind of retail stores or restaurants can we expect?
While specific tenants haven’t been announced, the 15,000 square feet of retail space is likely to house various businesses such as restaurants, cafes, and local service providers to serve both residents and the surrounding community. - When is the project expected to be finished?
Construction is currently underway, with the developers anticipating completion by late 2025. - Will this development increase local traffic?
Yes, with 636 new apartments and retail businesses, an increase in vehicle and pedestrian traffic on Lake Mead Parkway and Water Street is expected, especially during peak hours. - Is this project officially part of the Cadence community?
No, while it is located directly adjacent to the Cadence master-planned community, the development itself is distinct and not formally incorporated within Cadence.
As Henderson continues its transformation, this new mixed-use development marks another significant step in creating a more vibrant, amenity-rich community for its residents. Keeping an eye on tenant announcements and traffic updates will be key as this large-scale project progresses.
The Union Expansive Mixed Use Project for Henderson
