DraftKings to Anchor $400M UnCommons Mixed-Use Project in Las Vegas
LAS VEGAS — DraftKings Inc., a fantasy and digital sports betting company based in Boston, plans to open its second largest office hub within UnCommons, a $400 million mixed-use development underway in southwest Las Vegas. DraftKings will occupy 90,000 square feet and ultimately house more than 1,000 employees at the new offices.
Matter Real Estate Group, a San Diego-based developer, broke ground on the 40-acre project last summer and plans to deliver the first phase of the campus in early 2022.
“Our goal is to create another world-class workplace environment that will foster DraftKings’ innovation, further bolster our local presence and deepen community involvement,” says Matt Kalish, co-founder and president of the North America division of DraftKings (NASDAQ: DKNG). “With these lofty aspirations, we were thrilled to discover that UnCommons mirrors these high standards.”
Designed by IA Interior Architects, DraftKings’ new space will mirror its Boston headquarters with 130 sports trading desks surrounded by multimedia walls. The property will also include collaborative work spaces, a cafeteria, putting green, custom casino training pit, private and public outdoor spaces, mothers’ rooms, prayer suites and salons for haircuts and manicures/pedicures.
UnCommons will comprise more than 500,000 square feet of modern office space; more than 830 residential units; an entertainment venue; restaurants and cafés; health and fitness studios; a multi-purpose conference center; pedestrian trail; public art; and a food hall. Gensler designed UnCommons to achieve WELL and Green Globes certification upon completion. CBRE is handling the office leasing at UnCommons, and SRS Real Estate Partners is the development’s retail leasing agency.
DraftKings’s Las Vegas presence has grown 400 percent since its first office opened in January 2020. The company recently signed a multi-year agreement as the primary sponsor of University of Nevada-Las Vegas’ Center for Gaming Innovation and opened the new DraftKings Gaming Innovation Studio at the university.
Additionally, earlier this year DraftKings acquired locally based Vegas Sports Information Network Inc., a multi-platform broadcast and content company for the sports bettor market that debuted in 2017.
Founded in 2012, DraftKings is a multi-channel provider of sports betting and gaming technologies and is active in 17 countries. The company’s daily fantasy sports product is available in seven countries internationally with 15 distinct sports categories. DraftKings is the official daily fantasy partner of the NFL, MLB, NASCAR, PGA TOUR and UFC, as well as an authorized gaming operator of the NBA and MLB, an official sports betting partner of the NFL, an official betting operator of PGA TOUR and the official betting operator of UFC.
DraftKings’ stock price closed on Monday, Oct. 4 at $48.46 per share, down from $60.55 a year ago.
— John Nelson