Downtown Las Vegas Living: A New Community at Historic Five Points

When most people picture Las Vegas, they picture the Strip. Locals know better. A few miles north, downtown has spent the last decade becoming something else, a working district with its own restaurants, galleries, and a real daytime population.

It's also a part of the city still very much in transition. If you're considering buying near downtown, including at Five Points, where we're building, read on to learn more about what that means.

Downtown Is Where People Work, Not Just Where They Go Out

This is the part outsiders miss. Downtown isn't only a nightlife destination, it's a working district with real daytime activity.

The Regional Justice Center anchors an entire legal community: attorneys, court staff, paralegals, and the firms that cluster around them. Zappos is headquartered downtown, in the renovated former City Hall, a move made in 2013 specifically to help bring life back to the urban core. Add to that, business owners, entertainers and performers who work in and around the area, plus a substantial gig and creative workforce, and you have a neighborhood full of people who are already downtown everyday.

Most of them commute in from somewhere else. That's the quiet problem downtown has had for years: plenty of people work there, commute there, spend time enjoying the businesses and services there, but very little housing is available to buy. The existing stock is largely older, rather and much of is zoned commercial. For someone who wants to own a home near where they already spend their day, the options have been thin.

What Proximity Actually Means Here

Let's be precise about this, because it matters. Living near downtown puts you minutes from Freeway access, the Arts District, the Fremont Street Experience, and the restaurants, cafes, and shops that have opened across the district over the last decade. For someone working in and around the downtown corridor, it can mean a commute measured in minutes instead of stuck in traffic.

What it does not mean, at least not yet, is a fully connected pedestrian neighborhood the way you'd find in an established urban core elsewhere.

That's changing, though, and housing is a big part of how it changes. Districts become walkable when enough people live in them to support the businesses in between. Downtown has spent a decade adding places to go; what it needs now are people living there, full time. Every home built here moves that along and we're excited to help build that, rather than wait for someone else to.

Who This Actually Suits

Downtown homebuyers tend to fall into a few groups:

• People who already work downtown; legal professionals, business owners, corporate and tech employees, performers, and creative or gig workers who want a short commute.

• Buyers who want proximity to downtown's entertainment, food and culture without an expensive rideshare or a long drive home.

• Downsizers who are finished maintaining a large yard and would rather spend that time doing something fun

• Lock-and-leave and second-home buyers who want a low-maintenance property with secure parking

• Buyers who want new construction in a part of town where this is rare

• Buyers looking for an investment opportunity, who are comfortable being early in an area that is still coming together

Other Cities Got Here First

In other big cities like Austin, Nashville, Denver, Seattle, and so many others, living downtown stopped being unusual a long time ago. It became desirable, the short commute, the proximity to food and culture, the sense of being in the middle of things with an energy of a vibrant community, draws people to want to live where they work and play.

Las Vegas grew differently. It grew outward, into master-planned communities pushing toward the mountains, and downtown became a place you visited rather than a place you lived. That wasn't a failure. It was just the shape the city took.

All the ingredients are here now. The restaurants are here. The galleries are here. The weekday workforce is here. What's been missing is somewhere to buy, and the residential density that eventually makes a district feel connected rather than scattered.

That's where we come in!

Foundry Square at Five Points

(The images here are artist's rendering. As with any new construction, final materials and finishes may evolve as the homes are built.)

A Century at Five Points

Nearly 100 years ago, construction began on the Hoover Dam. Nevadans met the challenge with a building spirit the state had known since 1859, when the discovery of the Comstock Lode led hardworking residents to turn a quiet stretch of desert into one of the greatest mining and metalworking economies in the country.

In 1931, Las Vegas built a road to move workers and materials to the Hoover Dam construction site. That road, Boulder Highway, starts where Fremont Street, Eastern Avenue, and Charleston Boulevard meet. These three roads converge at angles, creating the five corners that gave this historic intersection its name, Five Points. For generations of Las Vegans, "Five Points" needed no further explanation, it was one of the city's defining crossroads, and it has been ever since.

Foundry Square, Lofts by Trust Home Builders, sits at exactly this convergence and carries that lineage forward. Its name honors the forges and foundries that gave the Silver State its name and its start, while its location marks where one of the state's greatest building efforts began a century ago. In that same spirit, Trust Home Builders is taking a stalled, long-unfinished corner and making something lasting out of it. Heritage materials, contemporary execution, and a new chapter for one of the city's oldest crossroads.

Fremont St., Las Vegas, NV Circa 1927-1931

Trust Home Builders acquired the site in 2025. Owner, Michael Johnson, was drawn to it for the location. As a Las Vegas local, he had a vision for joining the City of Las Vegas' Revitalization Efforts to turn this area of Downtown Las Vegas into something special. What the project needed was someone willing to finish it...and he stepped up.

Plans for the site called for 79 townhomes across roughly four acres. Only fifteen were ever started, and none were finished. For years it sat unfinished at one of downtown's most visible intersections.

Foundry Square at Five Points | Lofts by Trust Home Builders, is a gated townhome community.

The homes include:

• Two- and three-bedroom floor plans

• Vaulted ceilings and large windows for natural light

• Attached two-car garages

• Fireplaces

• Elevated contemporary finishes

• Two outdoor spaces, a balcony and a private enclosed yard

Here's the part we're most excited about: these homes are designed to look like nothing else in Las Vegas. This city runs on stucco. Foundry Square is planned to draw on industrial heritage instead, the brick exteriors with metal accents and gooseneck lighting of the old mill and foundry era, when raw material was turned into something lasting.

Historical siding materials are intended to ground the homes in something timeless, while large windows and clean, contemporary lines keep the look firmly modern. Heritage materials with contemporary execution. Our goal is a look you simply won't find anywhere else in the valley...least of all in this older stretch of downtown.

(The images here are artist's rendering. As with any new construction, final materials and finishes may evolve as the homes are built.)

The gated entry, attached garages, and enclosed yards aren't incidental features. They're a deliberate response to what this location is right now: a community with its own defined edges, its own parking, and its own outdoor space, in a district that's still filling in around it.

Aligned With the City's Plans

The site sits within the City of Las Vegas Redevelopment Area, in fact, it sits right at its edge. The Redevelopment Agency was established in 1986 specifically to revitalize downtown Las Vegas and the aging corridors around it. The stated purpose of their work is eliminating blight and returning underused property to productive life.

Being at the edge of that effort is part of what makes this project matter. Finishing these homes doesn't fill in behind the revitalization already underway downtown, it becomes the cornerstone, extending it outward.

We've met with the city's Economic and Urban Development Department about this project. They've been helpful, pointing us toward the right people, answering questions about plans and approvals, and generally making the process of restarting something long-stalled easier than it might have been otherwise. They've been supportive of our plans and encouraged about seeing this corner finished and occupied as part of their overall revitalization plan.

Turning a stalled site at a visible downtown corner into occupied homes is exactly the kind of outcome that redevelopment work was designed to produce. Five Points deserves an anchor at that intersection...and we're proud to be building just that!

Foundry Square at Five Points is coming in September 2026.

Join the Foundry Square at Five Points Interest List to be among the first to receive community updates, and release information.

Have questions in the meantime? Contact us at 702-350-2990. We're excited to share more information with you about the floor plans, the community, and pre-sale reservations.