Uploaded August 2026 | Updated September 2026, 3 weeks ago
When construction was starting on a big project in downtown Henderson in 2021, then-Mayor Debra March lauded the influx of housing it would bring.
As she described it, the city was “seeing the dividends” of its efforts to revitalize the once-sleepy Water Street corridor.
Five years later, the mixed-use project known as The Watermark is completed and open for business. But after a series of legal and financial woes, including a bankruptcy case, the property went into foreclosure.
Southern California landlord Next Wave Investors acquired The Watermark this spring, after lenders cleared the way for a foreclosure of the building, according to property records, business-entity filings and court records.
The Watermark’s original developers obtained nearly $28 million in additional funding early last year to finish the once-stalled project, putting the venture back on track.
Read the full article at vegasbusiness.com.
When construction was starting on a big project in downtown Henderson in 2021, then-Mayor Debra March lauded the influx of housing it would bring.
As she described it, the city was “seeing the dividends” of its efforts to revitalize the once-sleepy Water Street corridor.
Five years later, the mixed-use project known as The Watermark is completed and open for business. But after a series of legal and financial woes, including a bankruptcy case, the property went into foreclosure.
Southern California landlord Next Wave Investors acquired The Watermark this spring, after lenders cleared the way for a foreclosure of the building, according to property records, business-entity filings and court records.
The Watermark’s original developers obtained nearly $28 million in additional funding early last year to finish the once-stalled project, putting the venture back on track.
Read the full article at vegasbusiness.com.
