The Foundry breaks ground on former Cashman Center site with more than 1,000 homes planned near downtown Las Vegas

What happened

A groundbreaking ceremony was held Thursday for The Foundry, a planned residential community in the downtown Las Vegas area, KTNV Channel 13 reported. The land was once home to the Cashman Center and the Grant Sawyer State Office building. Channel 13 senior reporter Mary Kielar attended the event.

According to KTNV, the ceremony served as a kickoff to let people know a new neighborhood is coming to the area. The station described the project as a place for families to put down roots in a part of town that has not always been seen as desirable.

What is planned at The Foundry

Size and home types

KTNV reported that The Foundry is planned as a gated residential community. It is expected to include more than 1,000 townhomes and single-family homes spread across more than 70 acres. The station's headline described the project as bringing 1,000 affordable homes to the downtown area.

Target prices

The hope is for homes to start in the $300,000 range, according to KTNV. The station compared that with the average price in Las Vegas, which it said Redfin reports is around $450,000. Final pricing for individual homes was not given in the report.

Construction timeline

While the ceremonial groundbreaking took place this week, KTNV reported that construction on the homes is set to begin in October 2027. Readers can follow other projects reshaping the valley in our development coverage.

Why speakers say it matters

Speakers at the event framed the project as a fresh start for the area. One speaker told KTNV, "We are reimagining this part of town," and described the plan as "a beautiful neighborhood of solid, middle-income families" raising children in a clean and safe setting.

Ward 5 representation

The project sits in the area represented by Ward 5 Councilwoman Shondra Summers-Armstrong, who will represent the families who eventually live at The Foundry, KTNV reported. The station said the effort is close to her heart.

Summers-Armstrong tied the project to housing costs in the valley. "What we are seeing is unaffordability all the way around in our community, and this will offer an opportunity for working folks," she told KTNV.

How interested buyers can sign up

KTNV pointed people who want to learn more to the Lennar Corporation website, where they can join a list to show interest in the community. Developers told the station that a specific landing page for The Foundry will be available in about a month.

For more on home prices and housing across the valley, see our Las Vegas real estate coverage.

What to watch next

• A dedicated landing page for The Foundry, which developers told KTNV should launch in about a month.
• The start of construction on the homes, which KTNV reported is set for October 2027.
• Whether starting prices land in the $300,000 range, as project backers hope.