LAS VEGAS — The Molasky Group is developing a string of properties that will bring new rental units, retail spaces and hotel keys to multiple markets.
The company broke ground on four developments in the past twenty-four months in Portland, Seattle and Los Angeles and will soon embark on a redevelopment of a historic series of buildings in Jacksonville, Florida.
“Our company is actively in development on projects from the Pacific Northwest to the Gulf Coast,” says Rich Worthington, president and chief executive officer of The Molasky Group of Companies. “Some are design-builds that came online relatively quickly; others have been in the works for several years. Regardless of the circumstance, our company and partners are committed to more than $450M in construction.”
The Molasky Group has been in business for more than 65 years and is best known for building many of modern Las Vegas’s construction firsts – master-planned community, apartments, hospital, enclosed mall and office tower. These accomplishments set the stage for the Molasky Group to work on a national level, building large-scale projects for the federal government including six field offices for the FBI and projects for the IRS, Social Security Administration, National Archives and Records Administration and Veterans Affairs.
The company has gradually increased its presence in private sector work, especially multifamily, as a purposeful strategy to complement its prolific public-private-partnership portfolio.
In June, Sky 3 (http://www.sky3pdx.com/) became the company’s first project to come on-line with 194 units and 15,000 square feet of retail in downtown Portland, Oregon. Sky 3 adds values to the urban core by offering efficient units and high-quality amenities in a sustainable environment. Ground floor retail includes local coffee roaster Coava and online retailer Amazon is opening a package delivery and drop-off concept specific to universities as Portland State University is within walking distance.