Yesterday, Pacific Group broke ground on Helios, a 135-acre mixed-use medical campus in North Las Vegas. The project, designated as a Job Creation Zone, has now been named Helios.
This project is estimated to be completed in 7 to 10 years. The entire campus is estimated to have 1.3 million square-foot of office space, 290 hotel rooms in two buildings, 7 restaurants, 900,000 square-foot of research and development space, 250,000 square-foot of retail space, and create 12,000 jobs.
The medical components of the project include a full-service hospital, emergency services, and outpatient services. The office component will include research and development for medical and technology companies.
In addition, Colliers is representing the developer to sell a 30-acre land parcel for hospital use. This parcel could have 600 hospital beds at completion and can be build in 3 phrases with $1.2 billion of total construction expenditures to build.
At the event, the developer thanked some of the key partners in this project including City of North Las Vegas, LVGEA, and Governor’s Office of Economic Development. Total estimated construction expenditures for the entire campus is $4.5 billion to $5 billion. According to the developer, the first building will break ground in mid-2023. This building is slated to be a medical office building for specialty and family practice physicians.
According to a recent study by UNLV’s Center for Business and Economic Research, North Las Vegas’ population saw an increase of 132.3% since 2000. Southern Nevada’s population is expected to rise to 3.4 million residents by 2060. “Today’s historic groundbreaking of the Helios Health and Wellness Campus ushers in a new era of medical care in North Las Vegas, Southern Nevada, and the entire Southwest region,” North Las Vegas Mayor John Lee said.
Located across the street from Helios is the Department of Veterans Affairs Hospital, which has a 2022 budget for outbound patient services of $250 million including but not limited to most surgical specialties and imaging.