In December 2004, developer
Irwin Molasky was planning a $75 million office building in
downtown Las Vegas through his company, The Molasky Group. The project, known as Parkway Center, would be located on property at the intersection of Grand Central Parkway and F Street (later renamed City Parkway), Later in December 2004, the
Southern Nevada Water Authority (SNWA) approved plans to lease at least five floors of office space in the building, totaling , with the option to lease further space in the future. SNWA would be the first major tenant in the new building, which would become SNWA's new headquarters. Molasky's company would be headquartered on the top floor, and discussions were underway with other tenants interested in leasing the remaining office space not used by SNWA, totaling . The lease included the option for SNWA to purchase the entire building at the end of its lease. Construction began in 2005, with Marnell Corrao as the
general contractor. The building was topped off in July 2006. By October 2006, the 1,400-space parking garage was nearly complete. The
Class A office building was 80 percent pre-leased up to that point. Notable tenants, in addition to SNWA, included the
Las Vegas Valley Water District, Bank of Nevada, a
Jason's Deli restaurant, and a
24 Hour Fitness gym. Construction was nearing completion in March 2007, by which point two major law firms had signed on as tenants: Ballard Spahr Andrews & Ingersoll; and Brownstein, Hyatt, Farber, Schreck. was built at a cost of $107 million. In May 2012, SNWA approved a lease for its first tenant in of its unused office space, which would be occupied by a firm specializing in public relations and government affairs. SNWA had an additional of vacant space on its five floors. As of April 2015, the Molasky Corporate Center was the only Class A office building in the
Las Vegas Valley with zero vacancy. ==Architecture==