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Category Archive : Development

Summerlin

Master-Planned Communities in Henderson, Summerlin Among Top in Nation for Homebuilders

LAS VEGAS, NV – Master-planned communities located within Henderson and Summerlin in Southern Nevada are among the very top in the United States among homebuilders in 2025, despite the fact that buyers nationwide have been exhibiting cold feet as of late due to high house prices and interest rates on mortgages.

So far this year through the end of June, builders in Cadence – a community situated in Henderson – sold 722 newly-built homes, placing it third nationally among such neighborhoods; this is as per a new report released by RCLCO, a real estate consulting firm.

Located on 2,200 acres of land off Lake Mead Parkway east of Boulder Highway, Candence’s figures reflecting new home sales dropped by only four units when compared to the same period of time in 2024.

Next, builders in Las Vegas’ Summerlin community sold 515 homes during the first half of 2025, tying it for seventh place with Babcock Ranch in southwestern Florida.

Summerlin, found along the Las Vegas Valley’s western rim and spanning 22,500 acres, saw sales of new homes drop by 14 present year-over-year, according to RCLCO.

However, the RCLCO report notes that, among the 50 top-selling master-planned communities, sales dropped 6.6 percent year-over-year; this reflects a similar decline experienced by the overall home construction industry, the firm said.

The RCLCO report generated the rankings in its report based on data submitted by the master-planned communities included within it, including the total number of newly-signed sales contracts, not taking into account net sales, or cancellations.

This is an impressive overall showing for Southern Nevada, despite the fact that home sales overall have been declining throughout the country as the expenses associated with acquiring a new home have risen exponentially, causing many potential buyers to delay making such purchases while weighing their options and hoping costs eventually decrease.

Shelter Realty Property Management specializes in the areas of  HendersonLas Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

Vegas Chinatown

Work on New Las Vegas Chinatown Area Apartment Complex Anticipated to Start in November

LAS VEGAS, NV – A Southern Nevada developer has announced plans to develop a mixed-use apartment and retail complex in Las Vegas’ Chinatown area in a section known for urban blight such as graffiti, as well as a series of fires over the years. Construction is anticipated to begin as early as November of this year.

Jonathan Fore, managing partner of Fore Property Company, said that the complex will be called “Pearl” and is slated to take the form of a building boasting 380 apartment units, in addition to 32,550 square feet of retail space on the ground floor.

The project, with a budget of $14 million, will be built upon a dilapidated 10.5-acre plot of land off of Spring Mountain Road – Fore had previously constructed an upscale apartment complex on that road several years ago – approximately one mile west of the Las Vegas Strip.

Currently, the plot of land consists mainly of empty, weed-strewn lots, a closed-down and boarded-up strip club, and several other several unused buildings, many covered with graffiti and surrounded with barbed and razor-wire fencing.

One of the empty buildings was heavily damaged in a fire in 2002, and another suffered a similar fate in 2022. The remaining buildings on the site, Fore said, are slated for demolition once squatters are cleared out.

The project was initially approved by Clark County commissioners in January of this year, with the purchase of the land on the part of Fore taking place in late May for $24.2 million. The seller was real estate firm HMV Group, who were represented in the transaction by Brokerage firm Colliers International.

Pearl will be located near major roadways, Fore said, and it will be within walking distance to the many attractions, entertainment options, and restaurants of the Chinatown commercial district.

Shelter Realty Property Management specializes in the areas of  HendersonLas Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

Summerlin

Homebuilder Set to Open Three New Housing Communities in Greater Las Vegas Area

LAS VEGAS, NV – KB Home, one of the largest homebuilders in the United States, is set to open three new housing communities in Las Vegas in the very near future.

KB Home currently boasts 28 home communities open throughout the greater Las Vegas area in a wide variety of home styles, from single-family homes to attached townhomes, at affordable price points starting from the $300,000’s. And the president of the company’s Las Vegas division, Jim McDade, believes a strong series of sales this past spring season are a harbinger of continued brisk business in the months and years to come.

We’re still seeing relatively strong demand and sales performance in Las Vegas, and the long-term housing market conditions remain positive,” he said. “This is supported by an under supply of new and resale homes as well as favorable demographics, solid employment, wage growth and household formations.”

As for the new communities that KB Home will be opening, the first is Landings and Reserves at Caspian Bay in southeast Henderson, located at the corner of Weeks Bay River Road and Equestrian Drive, just off Boulder Highway. The community is slated to open this July and will be made up of 244 housing units, ranging from one-and-two story houses that will vary between 1,500 to 3,000 square-feet in size and offer up to five bedrooms and five baths.

Next up is Manzano, which will open in August. Situated at northwest of Henderson and northeast of Harry Reid International Airport at Boulder Highway and Interstate 11, this community will be comprised of 219 units, ranging from one-and-two story houses that will vary between 1,100 to 2,400 square-feet in size and offer up to five bedrooms and four baths.

And finally, Meridian – an affordable community tailored towards first-time buyers – will be opening in early 2026 in central Henderson and will offer 940 units, made up of a mix of two- and three-story attached townhomes and single-family homes.

Our strategy also focuses on delivering the most compelling value and improving affordability through transparency with our pricing rather than relying on incentives,” McDade said. “These factors are real differentiators and have contributed to our leading absorption rates in the industry over many years and have also driven our consistent achievement of the highest customer satisfaction ratings among production homebuilders.”

Shelter Realty Property Management specializes in the areas of  HendersonLas Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

development

Southern Nevada Home Builders Association: Making More Federal Land Available for Development #1 Goal

LAS VEGAS, NV – To address the housing crisis that is currently ongoing in Las Vegas, the Southern Nevada Home Builders Association (SNHBA) announced that petitioning the government to release more federally-controlled land for development would be the group’s main priority in 2025, a goal that’s looking now more than ever closer to becoming a reality.

SNHBA CEO Tina Frias last week said that her organization has been working with the office of Nevada Senator Catherine Cortez Masto on bipartisan efforts to make 25,000 acres of federal land available to Clark County for the development of both affordable housing as well as growing local business interests. In addition, an additional 2 million acres will be set aside for conservation.

Along with the above-mentioned acreage being made available, Frias expressed hope that additional land will be released in the near future as well.

From the folks that have been involved in federal lands in the state for 30-plus years and are part of my membership, they said this is the most momentum they have seen on a lands package ever,” she said. “I’ll tell you in my opinion I’m both excited but also nervous because I think we will see something come to fruition.”

One of the primary reasons for the housing crisis in Southern Nevada, according to a growing number of those in the real estate industry, is due to the Bureau of Land Management (BLM), with the federal agency currently managing nearly three million acres in Clark County; the U.S. government currently owns 80 percent of the land in the state of Nevada overall – the most out of any state in the country – and 88 percent of Clark County.

In 1998, the Southern Nevada Public Land Management Act was passed that set aside approximately 67,000 acres out of the 2.9 million available in the Las Vegas Valley for development of residential housing units or commercial uses, with an additional 33,000 acres that have also been earmarked for potential developing that have not yet been released.

Frias also referred to a proposal by the Trump Administration to give a joint task force the ability to identify and release lands in the state for development, but said that the process involved can be very convoluted and slow; as a result, she’s hoping for an act of Congress – in addition to the continued efforts of local government – to streamline and speed-up things.

We need to recognize there’s an elephant in the room and that’s the land constraints,” Frias said. “That’s going to take coming together at the federal level and working collaboratively with our delegation. That will take continued leadership from the governor’s office and local government will play a key role in that as well.”

Shelter Realty Property Management specializes in the areas of  HendersonLas Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

Howard Hughes Holdings Sells Multiple Acres of Summerlin Land to Housing Developers for Over $100 Million

Howard Hughes Holdings Sells Multiple Acres of Summerlin Land to Housing Developers for Over $100 Million

LAS VEGAS, NV – Howard Hughes Holdings, the developer of Summerlin, has sold nearly 60 acres of land located within the borders of Las Vegas’ largest master-planned community to housing developers, spread out over two separate transactions worth over a combined total of $100 million.

Both of the two sales closed on Tuesday, according to public property records. The first sale was to Richmond American Homes, who purchased a 36.3-acre parcel of property from Howard Hughes Holdings for $55 million, which comes out to over $1.5 million per acre.

The developer plans to utilize the land to build new housing tracts, with plans already drawn up for an 89-lot subdivision of single-family homes.

The second sale was to Toll Brothers – a company that specializes in luxury home construction – who purchased 28.3 acres of land for $1.8 million an acre, which comes to a total of $51.4 million, as per public records. Toll currently is planning to use the land to build 148 high-end housing units.

The property sold in both of the deals this week is situated west of the 215 Beltway-Summerlin Parkway interchange in the desert.

Located along the Las Vegas Valley’s western side, Summerlin is comprised of 22,500 acres and is home to approximately 130,000 inhabitants, as well as homes and rental units there are currently fetching some of the highest prices in the region.

Howard Hughes Holdings, based in Texas, takes its name from the famed aerospace engineer, business magnate, film producer, and investor; he purchased the community’s initial 25,000 acres – which he originally named “Husite” – in 1952. The community is named after Jean Amelia Summerlin, Hughes’ mother, and years later, Summerlin would go on to become the largest master-planned community in Las Vegas.

Shelter Realty Property Management specializes in the areas of  HendersonLas Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

north las vegas

North Las Vegas Housing Project Funded by State & COVID Relief Funds Facing Deadlines

LAS VEGAS, NV – Windsor Park, a neighborhood located in North Las Vegas, has been sinking into the ground for decades – with its homes slowly falling apart as a result – and a developer that has been tasked with building new residences in their place is facing strict deadlines before his funding is yanked off the table.

The neighborhood was built in the 1960s and was originally made up of 241 homes; that number has dwindled down to just 90 today. Proper studies of the land that Windsor Park was built upon were never made; as a result, existing fault lines that were aggravated by groundwater pulled from an aquifer under the neighborhood resulted in homes gradually sinking into the ground. The result was disastrous – walls inside homes cracked, porches collapsed, and sewage pipes shifted.

Community Development Programs Center of Nevada – developer Frank Hawkins’ nonprofit affordable-housing firm – was awarded a contract for $37 million in 2024 to build a new 93-lot subdivision to provide housing for Windsor Park’s remaining residents. To date, plans have been drawn up, but construction has yet to begin.

However, since the money for the project is made up of public funds, Hawkins is up against strict deadlines. Under the terms of the contract, $25 million of the funds allocated for the project are made up of federal COVID relief funds, and if they are not spent by the end of 2026, those funds will no longer be made available.

In addition, another $12 million of the money earmarked for the project comes from the state of Nevada, and its expenditure must be committed to by June 20 and spent by September 15; any portion of that $12 million that has not been spent by the deadline goes back to the state.

So far, officials indicate that $11 million in COVID funds have been spent on the project, mostly consisting of $9.9 million towards the purchase of the land to be developed, located along Carey Avenue just west of Martin Luther King Boulevard.

As part of the contract, Hawkins is allowed to procure additional funding from other sources, but officials are growing worried that the developer may not meet the deadline to spend the $12 million allocated by the state.

Clearly, it’s a concern,” said State Senator Dina Neal (D-North Las Vegas), who introduced the Windsor Park Environmental Justice Act bill that ultimately funded the project. She has since sponsored a new bill to potentially extend the deadline for the $12 million expenditure by an additional two years.

However, Hawkins said that he is not worried about meeting the looming financial deadlines.

Even if I did, there’s nothing I can do about it…it’s not my purview,” he said.

Shelter Realty Property Management specializes in the areas of  HendersonLas Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

bulldozeR Mr. Tempter

117-Room Hotel Begins Construction Amid North Las Vegas Economic Development Efforts

LAS VEGAS, NV – As part of the continuing and ongoing economic development efforts in North Las Vegas, ground was officially broken and construction began on a new Fairfield Inn & Suites by Marriott hotel, with the milestone event being attending by multiple community members, civic leaders, and city officials.

Among the dignitaries attending the groundbreaking was North Las Vegas Councilman Isaac Barron, who said that the development of the hotel – which is being handled by Nigro Construction – is part of the city’s efforts to make it a place where people want to visit, work and live.

This site will represent more than structural progress; it’s a symbol of economic development, job creation, and community growth,” Barron said. “Nigro’s commitment to excellence and integrity is evident in every project they undertake. They’re not just raising buildings- they’re raising the bar for what’s possible when public and private sectors collaborate with purpose.”

Nigro Construction owner Mike Nigro noted that the development of the hotel represents a positive collaborative effort between the public and private sectors, and it bodes well for future joint development efforts in North Las Vegas.

We are proud of the scope of this project and the opportunity it brings. From construction jobs to ongoing hotel staff positions to future guests, this property will have a lasting and positive impact,” he said. “This groundbreaking is more than just a ceremony- it’s a signal of confidence: confidence in this city, in its potential, and in what we can build when public and private sectors work together with purpose.”

Upon completion, the Fairfield Inn & Suites by Marriott will boast 117 rooms spread out over four stories, with sustainability – that is, the focus on minimizing the negative impacts of buildings and construction projects on the environment and maximizing their positive social and economic benefits – being heavily incorporated into the structure’s design.

To that end, the hotel will feature energy-efficient systems and the building process itself will utilize the most environmentally friendly methods possible in order to minimize any potential impact upon the surrounding area and its inhabitants.

The hotel will cater to both business guests and tourism, and will have resort-style amenities such as a large outdoor pool and a modern-style fitness center.

Development of the hotel – which will create dozens of jobs – is slated to be completed in 2026.

Shelter Realty Property Management specializes in the areas of  HendersonLas Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

Joshua Resnick igned model release on file with Shutterstock, Inc.

Ground Broken on Esplanade at Red Rock, New 400-Unit Community in Summerlin

LAS VEGAS, NV – Ground has officially been broken on a new community comprised of nearly 400 new homes that is being developed on an 88-acre plot of land along Lake Mead Boulevard in the Las Vegas neighborhood of Summerlin West by homebuilder Taylor Morrison.

Upon completion, Esplanade at Red Rock will take the form of a 400-unit single-family neighborhood with homes ranging in size from 1,500 to 3,200 square feet, and will offer two-to-four-bedroom layouts and garages that can accommodate up to four cars.

According to Bill Renteira – Vice President of Sales for Taylor Morrison’s Las Vegas division – extensive planning was put into the community to ensure that it meets the unique needs of Southern Nevada residents.

Many of the hurdles were addressed at the beginning of the project, like making sure we would be able to meet the demands of the area’s current needs,” he said. “We did intensive market research to get the correct buyer segmentation addressed to best serve this community.”

Esplanade at Red Rock – which will evoke the modern, tropical feel of California’s Plam Springs, a lush city known for its hot springs, stylish hotels, golf courses and spas – will boast numerous high-end amenities for its residents, including a 10,000-square-foot clubhouse with a restaurant, spa, golf simulator, fitness center, pool, and pickleball courts; there will also be walking trails with beautiful scenic views.

In addition, residents of the community will have access to the many perks provided by Summerlin itself, a 22,500-acre master-planned, mixed-use neighborhood that boasts dining, retail, entertainment, and Class A office spaces.

Also, nearby attractions that will be within easy driving distance of Esplanade at Red Rock include the Las Vegas Ballpark, City National Arena, Nevada Ballet Theatre and Summerlin Library and Performing Arts Center.

Esplanade at Red Rock is expected to open in early 2026. There is currently a waiting list, however, there is a ‘coming soon’ campaign running where interested parties can signup for alerts at: https://www.taylormorrison.com/nv/las-vegas/las-vegas-valley/esplanade-at-red-rock

Shelter Realty Property Management specializes in the areas of  HendersonLas Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

HARD HATS PeopleImages.com - Yuri A

Construction on Visions Park Apartment Complex for Visually Impaired Las Vegas Residents Reaches Halfway Point

LAS VEGAS, NV – Following the facility’s groundbreaking ceremony that took place in September 2024, construction on Visions Park – a unique and pioneering affordable living apartment complex in downtown Las Vegas that caters exclusively to the needs of blind and visually impaired residents – has officially reached its halfway point, according to officials.

To celebrate the construction milestone, the Blind Center of Nevada invited local dignitaries and officials on a tour – while wearing hard hats, of course, since it is an active work zone – to review the progress on the complex, which is situated near the Blind Center’s main campus at 950 Visions Park Lane.

This collaborative $30 million project was brought to life – financed via $4 million from the city of Las Vegas, $15 million from the State of Nevada, $1.5 million from the city of North Las Vegas, $1.5 million from the city of Henderson and $8 million from Clark County – in order to create an apartment complex that is accessible to those who rely on the resources of the Blind Center.

Upon completion, Visions Park will feature numerous amenities to help sight-challenged tenants retain some degree of independence, including flooring that makes different kinds of noises when you walk on it in order to help blind individuals navigate, as well as special types of lighting to assist those who are visually impaired.

In addition, the project will aid in reducing travel time and costs getting to and from the Blind Center, as currently some report a commute of anywhere from one to two hours every day, according to Henderson City Councilwoman Carrie Cox.

It takes a toll. I’ve had a personal experience with my own mother and seeing her sight fail her towards the end of her life,” Cox said, noting that her mother’s situation improved when she began attending the Blind Center. “And to know the difference that that made for her, there was really not a lot of options. So, this is amazing to me that the Blind Center has taken this leap to bring us all together and to make something happen for those that are visually impaired.”

Visions Park is slated to open in the beginning of 2026; there are already 300 people on the waiting list.

Shelter Realty Property Management specializes in the areas of  HendersonLas Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

Las Vegas Homebuilders Dialing Back Construction Plans Amid Slowing Sales

LAS VEGAS, NV – Home builders in Las Vegas are starting to slow down their construction plans and output amid a dip in sales that is being attributed to both high prices and high interest rates on home mortgages in Southern Nevada.

According to a newly-released report by Las Vegas-based Home Builders Research, in Las Vegas in April 2025 there were only 766 net sales – that is, sales contracts that were newly signed, not including cancellations – which represents a year-over-year decrease of 29 percent.

Meanwhile, the houses in question were sold for a median price of $529,833, which is a jump of 8.1 percent from April 2024.

What makes this decrease in sales especially significant is that it occurred during what is normally the busy spring buying season, which Home Builders Research President Andrew Smith said is an unusual development for the region.

The market is steadily slowing week to week lately, unexpected for this time of year,” he said in the report, adding that net sales over the course of 2025 so far “continue to underwhelm” when compared to the same period of time last year.

Another issue, Smith added, is that homebuilders have been repeatedly increasing their base asking prices. This is causing a trickle-down effect upon the local market, as higher prices are causing fewer buyers to take the plunge, and with fewer buyers, builders are scaling their plans back.

As a result, builders are pulling less permits; Smith noted that last month there were just 978 permits issued for new homes in Las Vegas, which is a drop of 19 percent when compared to April 2024.

Basically, buyers are becoming leery of investing the money it takes to purchase a home – both in Las Vegas and nationwide – due to high prices, high mortgage rates, and the overall economic uncertainty that is currently gripping the country.

Shelter Realty Property Management specializes in the areas of  HendersonLas Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

Henderson, Summerlin

Howard Hughes Holdings May Build High-Rise Condo Project in Summerlin

LAS VEGAS, NV – Howard Hughes Holdings, developer of the Summerlin master-planned community, is currently considering adding a new high-rise condominium complex to the other projects they have erected in the area, including the Downtown Summerlin open-air shopping mall, apartment buildings, a baseball park, and a recently-opened retail shopping center.

David O’Reilly, Howard Hughes Holdings’ CEO, noted that he is weighing the possibility of building a high-rise condo off Sahara Avenue and the 215 Beltway, east of the outdoor mall on a plot of land that the company currently owns.

I think that’s a great use right now,” he said, using the high volume of sales of condos in Summerlin’s The Summit Club affluent guard-gated neighborhood as an example of how these types of housing units are currently in great demand in the region.

O’Reilly also pointed out that the area where they are contemplating building the high-rise is also ripe for retail and rental housing units. Office space is also being considered, although to a lesser degree than in years past due to the fact that COVID-19 was responsible for reducing the need for such accommodations because of the increase in remote work that has persisted following the end of the pandemic.

Located along the Las Vegas Valley’s western side, Summerlin is comprised of 22,500 acres and is home to approximately 130,000 inhabitants, and homes and rental units there are currently fetching some of the highest prices in the region.

Howard Hughes Holdings takes its name from the famed aerospace engineer, business magnate, film producer, and investor; he purchased the community’s initial 25,000 acres – which he originally named “Husite” – in 1952. The community is named after Jean Amelia Summerlin, Hughes’ mother, and years later, Summerlin would go on to become the largest master-planned community in Las Vegas.

Shelter Realty Property Management specializes in the areas of  HendersonLas Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

Kyle Canyon

Las Vegas Property Owned by Late Entertainers Siegfried and Roy to be Used for 100-Unit Housing Project

LAS VEGAS, NV – A Southern Nevada property previously in-part owned by the late Siegfried Fischbacher and Roy Horn – the late, famed German-American entertainers who performed an animal-based magic show together in Las Vegas for years as Siegfried and Roy – will be used for an upcoming 100-unit housing project by developer Tri Pointe Homes.

The project site is comprised of 28 acres in the upper northwest Las Vegas Valley’s Kyle Canyon area, along Kyle Canyon Road approximately one mile west of U.S. Highway 95.

Tri Pointe Homes’ plans for the housing development were originally approved in March by the Las Vegas City Council, and in April investment firm Kennedy Lewis Investment Management finalized their purchase of the site for a reported sum of $19 million, according to Clark County records. They then granted Tri Pointe an option to purchase the property needed for their Kyle Canyon Road project, which they accepted.

The land for the project is a patchwork of plots acquired from multiple sellers; among them was Siegfried and Roy, who had sold off 6.7 acres prior to their passings – Siegfried died in 2021 at the age of 81, and Horn died in 2020 at 75 – that would eventually become part of the Tri Pointe site.

The duo had been famous for years for their extravagant magic and white tiger act on the Las Vegas Strip.

The project will create a new subdivision along Kyle Canyon Road – which provides local residents the means to Mount Charleston and back – and represents suburban development creeping ever-outwards from the city of Las Vegas in an attempt to address the region’s growing housing crisis.

Tri Pointe already has a sizable presence in the area. They are currently selling homes in their neighboring Kyle Pointe community for prices starting at $500,000; according to its website, the community boasts “eye-catching architecture, flexible modern interiors, and the promise of outdoor adventure.”

Shelter Realty Property Management specializes in the areas of  HendersonLas Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.