Jess Molasky is Principal and Chief Operating Officer at Ovation Development, a company founded by his father, Alan, in 1984 and the region’s leading designer and developer of both market-rate and affordable multi-family housing projects in Southern Nevada.
The company has designed and built 38 multi-family communities throughout the Las Vegas metropolitan area valued in excess of $1 billion and encompassing 10,000 units. Today, Ovation is easily considered one of the state’s largest and leading developers of affordable housing with 13 projects totaling more than 1,900 units – with more under development.
After graduating from UCLA in 2016 where he studied geography, environmental science and urban planning, Jess worked for UCLA Capital Programs to build three new Leadership in Energy Environmental Design (LEED)-certified dorm facilities and two world-class LEED-certified athletic facilities to be used for upcoming Olympics in 2028. While working for the Capital Programs, Jess helped to roll out a pilot program which created transparency relative to power usage for students living in the dorms. By collecting sub-meter data and developing a dashboard, the energy consumption of each section and floor could be tracked.
In 2018, Jess returned to Las Vegas to join the family enterprise, focusing primarily on Ovation’s affordable senior product, which continues to set the bar high for the region’s standard in affordable housing with resident amenities and services that rival market-rate communities. Since joining Ovation, Jess has helped to bring the company into the next generation and create robust systems and processes.
Born and raised in Las Vegas, Jess’ grandfather, Irwin, and chairman of The Molasky Group of Companies, developed many of the city’s transformational projects, including Sunrise Hospital, Boulevard Mall, Paradise Palms – the city’s first master-planned community, and many other iconic buildings and properties. Like his father, Alan, Jess is making his individual mark on the family legacy via an enhanced commitment to sustainable development and a continued commitment to help meet Southern Nevada’s critical shortage of affordable housing.
Speaking at
Mission Priority
Tue Oct 29
2:30 PM — 4:00 PM (GMT-05:00) Eastern Time
Resorts World Las Vegas - Level 2, Orchid Ballroom A
ULI Homeless to Housed Symposium
Join host and moderator Lisa Benjamin (Lexicon Strategies and ULI Global Governing Trustee) for the third ULI Homeless to Housed (H2H) Symposium to explore solutions to the U.S. housing and homelessness crisis. Keynote speaker Mandy Chapman Semple (Clutch Consulting Group) will discuss Houston’s transformative homeless system, which reduced homelessness by 60% in four years, and outline private sector opportunities for “creating a new marketplace” for deeply affordable housing for individuals with extremely low or no income.
A multidisciplinary panel will weigh in, featuring Peggy Bailey (Center on Budget and Policy Priorities), Juawana Grant (Nevada Housing Division), and Jess Molasky (Ovation Co.). Special remarks provided by Preston Butcher, ULI Foundation Governor.