A local developer has broken ground on a new commercial complex in North Las Vegas, with plans for restaurant space, a self-storage facility, and other uses.
Paramount Engineering & Development founder Hamid “Henry” Moradi said construction crews started grading the project site, along Losee Road just south of the 215 Beltway, last month.
The complex, called 215 Losee Village, is slated to include a car wash, gas station, eateries, dental office, tavern, liquor store and self-storage facility, he said.
These and other businesses would be part of the first phase, according to Moradi, who aims to finish building that section by year-end.
He plans to start construction on the second phase after the first one is finished and leased up, saying the next section would include stand-alone restaurants, retail space, and a five-story hotel.
All told, the entire development spans about 18 acres across two parcels separated by a small street, and it’s slated to cost around $40 million. Moradi filed project plans with the city of North Las Vegas about two years ago, records show.
North Las Vegas spokeswoman Kathleen Richards confirmed that the city issued a grading permit last month for the southern portion of the site – the first phase of the project – and a small section of the plot to the north.
Moradi, an Iranian native who has lived in Las Vegas for 20-plus years and earned an engineering degree from UNLV, has built numerous single-tenant projects. He also buys land at government auctions and ultimately sells the sites to homebuilders.
As seen on Paramount’s website, the company’s portfolio of completed projects includes Circle K gas stations, Green Valley Grocery convenience stores, a Shake Shack restaurant, and a Dollar Tree discount store.
Moradi said that 215 Losee Village is the biggest commercial development of his career.
