Longtime downtown Las Vegas developer, Cherry Development, recognized by industry leaders for its innovative Path to Homeownership program

LAS VEGAS (Sept. 23, 2026) – Longtime downtown Las Vegas developer and owner of shareDOWNTOWN apartments, Cherry Development has been recognized with ApartmentBuildings.com 100 Innovators of the Year Award for its first-of-its-kind Path to Homeownership Program to help its apartment residents on their journey from renting to owning a home.

ApartmentBuildings.com’s 100 Innovators of the Year Award recognizes companies across the country that demonstrate creativity, skill and success in the multifamily industry.

“We have always been committed to creating a supportive community for our shareDOWNTOWN residents and to diversifying housing options in downtown Las Vegas,” said Jason LeDell, managing partner of Cherry Development, when the program launched earlier this year. “Realizing that some apartment residents may eventually want to buy their own home, we saw a unique opportunity to create this program pairing our own financial investment with the support of a network of local partners dedicated to helping prospective homebuyers.”

Under the Path to Homeownership program, shareDOWNTOWN residents can have monthly contributions of $200 from their rent payments set aside from Cherry Development and deposited into a dedicated account for use toward a down payment or closing costs for a future home purchase in Clark County, Nev. Residents who are financially and credit-qualified may access funds after a minimum of 12 months of participation.

For the program, Cherry Development has forged strategic partnerships with local financial institutions, mortgage lenders, title companies, and credit improvement specialists who share a commitment to expanding access to homeownership. Program partners provide discounted services, financial incentives, credit counseling, debt relief assistance, and educational guidance to help residents become mortgage-ready and successfully transition into homeownership.

The community-focused program is open to all residents of shareDOWNTOWN buildings in the Arts District and Fremont East as well as the newest building, shareWESTSIDE, which opened in June in the Historic Westside neighborhood of downtown Las Vegas.

More details about the award can be found at https://www.connectcre.com/awards/2026-the-apartmentbuildings-com-100/innovators-of-the-year/cherry-development-supports-homeowners-with-new-program/

About Cherry Development

Founded by Las Vegas native Sam Cherry in 2001, Cherry Development is a pioneering residential and commercial developer in downtown Las Vegas. The company’s first large-scale residential project was Soho Lofts, which opened in 2006 as the first high-rise luxury condominium building in downtown Las Vegas. Soon after, Cherry Development built and opened Newport Lofts, another resort-style condominium building located downtown that highlighted the company’s dedication to great design, livable features, and fine craftsmanship. Together, these mixed-use projects redefined the skyline of downtown Las Vegas and reinvigorated the surrounding neighborhood. Cherry Development’s projects seek to balance urban lifestyles, peaceful personal environments, and community driven experiences. Towards those goals and to diversify the housing options downtown, Cherry Development launched the shareDOWNTOWN apartment brand with its first building opening in the Arts District in 2020, a second in Fremont East in 2023, and a third in June 2026 in the Historic Westside neighborhood. Named shareWESTSIDE, it is the largest building of the apartment brand and will be located next to a new dining and entertainment destination, called The Good Word Social Club, which Cherry Development is also building and scheduled to open in early 2027. Together, the two projects are the largest private investment in the Historic Westside in decades, again showcasing the commitment of Cherry Development to pursuing innovative residential and commercial projects in downtown Las Vegas neighborhoods to support redevelopment and create a purposeful urban core for Las Vegas.

About shareDOWNTOWN

shareDOWNTOWN is a premium residential apartment community that offers a modern live/work/play lifestyle in the heart of fast-growing downtown Las Vegas neighborhoods. The first shareDOWNTOWN apartment complex opened in the Las Vegas Arts District in July 2020 and a second opened in spring 2023 in Fremont East. A third, named shareWESTSIDE, opened in the Historic Westside neighborhood in June 2026, and additional sites of the apartment brand are planned by Cherry Development. Every shareDOWNTOWN unit features modern design elements, such as European cabinetry, wood plank-style flooring, quartz countertops and stainless-steel appliances, including an electric cooktop and a smart all-in-one washer/dryer. Residents enjoy unique amenities, including a fitness center, free business center, community kitchen area, and open-air courtyard. The ground floor includes retail space and parking for residents. For more information on shareDOWNTOWN and leasing opportunities, visit: www.sharedowntown.com or follow @sharedowntown on social media.