For years, Cashman Center was where Las Vegans went to catch a minor league game or a trade show. Now the old complex north of downtown is set to become a neighborhood of more than 1,000 homes.
On Oct. 15, Lennar held a ceremonial groundbreaking for The Foundry, a gated community of more than 1,000 townhomes and single-family detached homes, according to the homebuilder's announcement. The project covers about 70 acres across the former Cashman Center and the former Grant Sawyer State Office Building near Las Vegas Boulevard and East Washington Avenue.
Prices are planned to start in the $300,000s. Vertical construction is expected to begin in October 2027.
A three-way partnership
Lennar describes The Foundry as a public-private partnership among the City of Las Vegas, the State of Nevada and the company, aimed at turning underused downtown property into homes for first-time buyers and young families.
The city's piece came first. In March 2025, the Las Vegas City Council voted unanimously to sell the more than 50-acre Cashman Center to Lennar, registered as Greystone Nevada LLC, for $36.15 million, FOX5 reported at the time. It was the city's second try at auctioning the site after an earlier attempt drew no bids. Cashman Center first opened in 1948, and the city took over its operations from the Las Vegas Convention and Visitors Authority in 2017, News 3 reported.
The state's part is the Grant Sawyer property next door. Gov. Joe Lombardo said moving state workers out of the aging building paid off twice.
"By relocating state employees from the aging Grant Sawyer Building, we saved the state $207 million and opened the door to 1,000 new homes on this site," Lombardo said in Lennar's release. He said his administration would keep working with local governments and private partners "to reduce barriers to development, increase housing supply, and help more Nevadans achieve homeownership."
Las Vegas Mayor Shelley Berkley said the homes are meant for "the hard-working people who power this city—our hospitality workers, teachers and first responders."
Six collections, resort-style amenities
According to FOX5's coverage of the groundbreaking, the homes will be split across six collections of single-family homes and townhomes. Lennar says the floor plans will be open and modern, and every home will come with the company's Everything's Included program, which builds popular features and finishes into the base price.
Planned amenities include swimming pools, outdoor barbecue kitchens and picnic areas, walking paths, shade structures, a dog park, a fitness course, a multi-use play field, a children's play area and amphitheater-style seating for gatherings.
"Today is about more than pouring concrete or moving dirt," said Ward 5 Councilwoman Shondra Summers-Armstrong, who represents the area. "It is about laying the foundation for a more inclusive, vibrant and accessible Las Vegas."
She told FOX5 that buyers at every price point deserve the same amenities: "They are going to be neighborhoods with amenities like pools and pool houses and dog parks and children's parks."
The site sits inside a downtown redevelopment district, next to the Old Las Vegas Mormon Fort State Historic Park and the Las Vegas Natural History Museum.
"The American Dream of homeownership should be within reach for more families, and The Foundry represents an important step toward making that possible in Las Vegas," said Joy Broddle, president of Lennar's Las Vegas division. "This is what a strong public-private partnership can accomplish."
Lennar is building the homes itself and hasn't named any outside contractors. The company has set up an interest line for future buyers.
Why it matters for Contractors
More than 1,000 homes on one infill site is a multi-year pipeline for Southern Nevada's residential trades. Before homes go up in late 2027, the old stadium and office sites will need demolition, grading, utilities, streets and amenity work, which is a big opportunity for earthwork, underground utility, concrete and paving crews. Once vertical construction starts, a national builder like Lennar will need steady crews for framing, stucco, roofing, plumbing, electrical, HVAC, drywall, flooring, cabinets and landscaping across hundreds of townhomes and houses. The pools, clubhouse-style amenities and shade structures add commercial-style work. Subcontractors who want in should make sure they're on Lennar's Las Vegas vendor list well before the October 2027 start.