The District's first phase was opened on April 15, 2004, becoming the first mixed-use project in the Las Vegas Valley. A second phase opened in 2005, on a separate parcel located just east of the original phase. The District was hurt financially due to the Great Recession, and American Nevada eventually sold it to lenders in 2011. Vestar Development took over ownership later that year with Rockwood Capital as a partner, before buying out the latter's interest in 2015.
