SR Aviation Infrastructure Breaks Ground on Three New Hangars at Las Vegas's Harry Reid Airport
Why It MattersDevelopers are rebuilding older hangar stock around larger, ultra-long-range aircraft at busy private-jet airports, where a cluster of new facilities points to strong demand for modern hangar space.
What happened
SR Aviation Infrastructure (SRAI), a subsidiary of real estate investment and development firm SomeraRoad, has broken ground on three new hangars totaling 75,000 square feet at SRAI Las Vegas, its aviation complex at Harry Reid International Airport, adjacent to the Las Vegas Strip. The hangars are designed to accommodate ultra-long-range business aircraft.
The project redevelops part of the 23-acre complex, replacing 14 of its 37 existing hangars with three new 25,000-square-foot hangars. One of the three has already been leased ahead of construction; the other two remain available for lease. Aviation International News put the project cost at $22 million. Completion is expected by the first quarter of 2028. The project team includes Echelon, JRMA, Lochsa, ORO Builders, Inc., and T. Violé Construction.
Once finished, SRAI Las Vegas will comprise 26 individually leased hangars totaling approximately 315,000 square feet, all with direct runway access. SRAI describes Harry Reid as the sixth-busiest private jet airport in the United States.
SRAI President Jonathon Reeser said the company launched SRAI to address a supply-demand imbalance driven by growing private aviation activity and the increasing prevalence of larger, ultra-long-range aircraft. Co-founder and strategic advisor Monte Koch said demand for larger, modern hangar space in Las Vegas is significant.
A growing hangar portfolio
SRAI Las Vegas was the company's first acquisition, made in 2024 when it bought the former Quail Air Center. The portfolio also includes sites in San Antonio, Texas; Bozeman, Montana; Farmingdale, New York; and Denver, Colorado.
In October 2025, SRAI acquired the 118,000-square-foot Bridger Hangar Complex at Bozeman Yellowstone International Airport, with plans for an additional 40,000-square-foot hangar there.
NetJets opens at the same airport
Separately, NetJets opened a campus of more than 300,000 square feet at Harry Reid this week, developed with Signature Aviation, the Las Vegas Review-Journal wrote.
NetJets said demand for Las Vegas travel grew 45 percent from 2022 to 2025, with nearly 8,000 flights touching down in the city during that span, and that demand is nearly 30 percent higher so far in 2026 than a year earlier.
Industry impact & what to watch
The SRAI project shows how hangar supply is being reshaped at busy private-jet airports: rather than adding space on empty land, the developer is demolishing 14 older units in an existing complex to make room for three larger buildings sized for ultra-long-range aircraft. Hangar economics at such fields turn on matching door and floor dimensions to the biggest cabins in the fleet, so a building program sized to aircraft growth can matter more than total square footage.
The NetJets campus opening at the same airport the same week points to concentrated investment at Harry Reid from both a developer and a fractional-ownership operator. Two parties committing capital at one field reflects demand for modern ground infrastructure at high-traffic leisure destinations, and puts the two projects in competition for the same long-range customers.
The next concrete marker is leasing: one of the three new hangars is taken, and the pace at which the remaining two fill before the first-quarter-2028 completion date will show how much of the asserted demand for large modern space converts into signed leases.
