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LAS VEGAS — CEDARst Cos. has broken ground on The Presley, an $82 million ground-up multifamily project in Las Vegas’ Medical District. Designed by Booth Hansen with OS Construction as general contractor, the seven-story, 275,000-square-foot community is slated to open in 2028. The Presley will feature 236 studio, one- and two-bedroom apartments, a fitness center, coworking lounge, golf simulator and a rooftop pool deck. A portion of the residences will be designated as affordable housing. The project is being financed by a $56 million construction loan provided by North River Partners and funds managed by AB CarVal. Berkadia arranged the financing.