Category Archive : Development

LAS VEGAS, NV – A new luxury rental apartment complex is now in the early stages of development just south of the famed Las Vegas Strip, with two real estate firms located in the midwestern United States teaming up to make the project a reality.

The Cleveland, Ohio-based NRP Group – one of the nation’s top multifamily real estate developers, general contractors, and property management firms, according to the firm’s website – and Chicago, Illinois-based Waterton, a real estate investment and property management company with a focus on multifamily and hospitality properties, issued an announcement in October that they will be developing a 368-unit luxury apartment complex called South Valley.

Construction on the apartment complex – located at Las Vegas Boulevard and Erie Avenue, between the South Point and the M Resort and situated approximately 15 minutes south of the Las Vegas Strip – is slated to start “imminently,” with the first units expected to be ready for their respective tenants to move in during the middle of 2027, the two companies stated in a recent press release.

The project will take the form of two four-story buildings boasting numerous posh communal amenities, including outdoor seating areas with fire pits and a “well-appointed” club lounge, according to the developers.

In addition, the apartments themselves will spare no expense when it comes to luxury bells and whistles, including quartz countertops and subway-tile backsplashes in their kitchens.

This is not the first foray into the Southern Nevada real estate scene for either of these firms. Waterton has previously bought apartment buildings in the Las Vegas Valley, and NRP Group is currently in the midst of constructing several apartment projects in the region, including a luxury building in the southwest valley, a rental complex on Silverado Ranch Boulevard, and a North Las Vegas-based affordable housing complex.

Shelter Realty Property Management specializes in the areas of  Henderson, Las 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.

Christopher Boyle

Christopher Boyle is an expert investigative journalist for SEARCHEN NETWORKS® and reports for independent news and media organizations in the United States. Christopher keeps a keen-eye on what’s happening in the Vegas real estate market on behalf of Shelter Realty Property Management

www.shelterrealty.com

LAS VEGAS, NV – The developers of a new luxury high-rise condominium building in Henderson that is currently underway has just obtained a $686 million loan for construction financing from J.P. Morgan, Sculptor Real Estate, and Morning Calm Management.

Four Seasons Private Residences Las Vegas – which has already had an extensive amount of work put into the project – will, upon completion, take the form of 171 ultra-luxury condos spread amongst two high-rise towers on top of a mountain in the MacDonald Highlands community.

Despite still being in the midst of development – the side of the mountain has been chiseled out, roads are in place, and utilities have been run to the site and installed; the project has already garnered over $700 million in sales so far, with 75 percent of the residences already having been sold.

Currently, the leads of the project – Azure Resorts & Hotels, Luxus Developments, and Two Roads Development – are ready to begin vertical construction of the towers themselves in the very near future after foundation pouring is completed by the end of the year.

As for the ultra-luxury condos themselves, they are being designed by the noted architectural team of Wimberly Allison Tong & Goo, and will range from 8,349 square feet of interior space to 3,555 square feet of private terraces, all offering views of the Las Vegas Strip and the McCullough Mountain range.

Numerous posh amenities will be available to residents, including semi-private elevators, private garages, high-end designer finishes and fixtures by Wimberly Interiors, private chef services, in-residence wine cellars, a private screening room, over 6,000 square feet of state-of-the-art wellness facilities, multi-level resort-style pools, and a library located in the foyer of each building. There will also be a dedicated Director of Residences and a 24-hour Four Seasons concierge team, offering personalized, a la carte services on demand.

Development of Four Seasons Private Residences Las Vegas is scheduled to be completed in 2027, at which time residents can begin moving in.

Shelter Realty Property Management specializes in the areas of Henderson, Las 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.

Christopher Boyle

Christopher Boyle is an expert investigative journalist for SEARCHEN NETWORKS® and reports for independent news and media organizations in the United States. Christopher keeps a keen-eye on what’s happening in the Vegas real estate market on behalf of Shelter Realty Property Management

www.shelterrealty.com

LAS VEGAS, NV – After finally securing the vital public funding required to carry out the project, construction officially began this week on a new housing tract that is being developed for the beleaguered residents of Windsor Park, whose original homes have suffered immense structural damage as a result of slowly sinking into the ground for decades.

Workers are currently doing site work at the location of the upcoming 93-lot subdivision, situated west of Martin Luther King Boulevard along Carey Avenue, after the city of Las Vegas granted developer Community Development Programs Center of Nevada – which was awarded a contract for $37 million in 2024 to build the new subdivision – a grading permit on September 15.

Windsor Park was historically home to a predominantly Black community. The neighborhood originally featured 241 homes built in the 1960s, but only about 90 remain today. Due to inadequate geological studies before construction, natural fault lines and the depletion of groundwater from an underlying aquifer caused the ground to shift, gradually sinking many of the homes.

The consequences to Windsor Park were dire over the years, with walls inside homes cracking, porches collapsing, and sewage pipes shifting and bursting.

The public funding to construct new homes for the remaining Windsor Park residents was originally approved in 2023, but development remained in limbo until only recently due to an alleged unmet deadline that threatened to yank the millions of dollars earmarked for the renewal of the devastated neighborhood off the table. However, Nevada State Senator Dina Neal (D-North Las Vegas) later confirmed that the state had indeed met the deadline, thus, securing the funding and enabling construction to finally proceed.

Funding for the $37 million project is made up of $25 million in federal COVID relief funds, and an additional $12 million from the state of Nevada itself.

This week’s commencement of construction on the Windsor Park project is an especially important milestone to the community’s long-suffering residents, who can finally look forward to moving into their new homes in the near future.

Shelter Realty Property Management specializes in the areas of  Henderson, Las 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.

Christopher Boyle

Christopher Boyle is an expert investigative journalist for SEARCHEN NETWORKS® and reports for independent news and media organizations in the United States. Christopher keeps a keen-eye on what’s happening in the Vegas real estate market on behalf of Shelter Realty Property Management

www.shelterrealty.com

LAS VEGAS, NV – Trust Home Builders, a Las Vegas-based real estate firm, is currently constructing a new, upscale housing community in Henderson, in addition to having several other similar projects lined up for development in the near future as well.

The luxury community, dubbed Serene Estates, is located on six-lots located along Serene Avenue just west of St. Rose Parkway. Work is already well under way, and upon completion, it will be comprised of one-story, 3,950-square-foot and two-story, 4,545-square-foot home designs, which will range in price from $1.8 million to $2.2 million apiece.

Serene Estates will not have a homeowners’ association, according to the developer’s website.

Trust Home Builders co-owner Michael Johnson also notes that his company has multiple other projects in various stages of conception and development; in addition to a Lake Las Vegas project that is currently underway, there is a five-lot housing tract along Horizon Ridge Parkway near Gibson Road that will break ground by the end of the year, along with a six-lot project east on Horizon Ridge slated for 2026.

Johnson said that the main demographic his company is targeting with these communities are older people from out-of-state that are moving to Southern Nevada to retire.

Despite the local real estate market currently not favoring sellers and many buyers feeling nervous about acquiring a home given current high prices and borrowing costs, Johnson pointed out that his company is nonetheless pushing forward with their projects because his target buyers tend to be affluent – in-part due to the current healthy stock market – and thus may be more willing to take the plunge on a house then the average person.

There’s so much fear among buyers right now,” he said. “I’m not letting the soft market slow me down.”

Shelter Realty Property Management specializes in the areas of  Henderson, Las 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.

Christopher Boyle

Christopher Boyle is an expert investigative journalist for SEARCHEN NETWORKS® and reports for independent news and media organizations in the United States. Christopher keeps a keen-eye on what’s happening in the Vegas real estate market on behalf of Shelter Realty Property Management

www.shelterrealty.com

LAS VEGAS, NV – A luxury rental community is slated to be constructed upon a newly-purchased 8.5-acre plot of land located 15 minutes south of the Las Vegas Strip as part of a joint partnership between real estate investor/operator Waterton and multifamily developer and manager The NRP Group.

The community, which will be targeting the tastes – and wallets – of affluent tenants, will take the form of 368 units spread out amongst two four-story, elevator-serviced multifamily buildings. The units on offer will consist of studio, one, two, and three-bedroom floorplans, with some of the one-bedrooms also having a den included.

Numerous resort-style amenities will also be available for residents, such as an outdoor pool, two courtyards, outdoor seating areas with firepits and grilling stations, as well as a club lounge, co-working space and a conference room.

The price that Waterton and The NRP Group paid for the 8.5-acre plot of land for the currently-unnamed rental community has yet to be publicly disclosed. Development is scheduled to begin soon, with the initial batch of residences being made available for tenants to move in around mid-2027, with the project slated to be fully completed in early 2028.

Waterton’s Senior Vice President of development, Kristi Nootens, said that the project would address the growing demand for luxury rental accommodations in Southern Nevada.

We’re excited to be partnering with such an experienced development firm to bring this project to life and further our development strategy,” she said. “This project offers an excellent opportunity to create a luxury rental community in a sunbelt market with relatively limited supply compared to similar markets. The location is proximate to a variety of employment opportunities in a growing submarket where the costs of homeownership far exceed the costs of renting.”

Mike Moriarty, The NRP Group Vice President of Development, said that the collaboration with Waterton – their first – will be a boon to the residents of Las Vegas.

Partnering with Waterton has enabled us to bring high-quality housing to one of the nation’s fastest-growing regions,” he said. “As our first collaboration together, this project reflects our shared vision for creating a vibrant, thoughtfully designed community that meets the needs of today’s South Enterprise residents. With a prime location near major employment hubs, retail and entertainment, it offers residents a lifestyle that combines convenience and luxury living.”

Shelter Realty Property Management specializes in the areas of  Henderson, Las 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.

Christopher Boyle

Christopher Boyle is an expert investigative journalist for SEARCHEN NETWORKS® and reports for independent news and media organizations in the United States. Christopher keeps a keen-eye on what’s happening in the Vegas real estate market on behalf of Shelter Realty Property Management

www.shelterrealty.com

LAS VEGAS, NV – Despite the concerns of local residents in the surrounding areas, a new housing project that is slated to be constructed in a rural part of the Las Vegas Valley was given the go-ahead by the Clark County Planning Commission this week.

Plans by Richmond American Homes to build a 99-lot subdivision on 19 acres south of Blue Diamond Road at Tenaya Way were approved by the Planning Commission on Tuesday, with final action for the project to be considered by the Clark County Commission at a meeting slated to take place in November 19.

However, many people in the surrounding neighborhoods are expressing dismay that the project will cause an influx of traffic that will disrupt their quiet, rural communities, many of which consist of homes on large plots of land and whose owners raise animals such as horses and chickens.

Notable among the concerned and vocal critics of the Richmond American Homes project is the magician Teller – one-half of the famous comedy magic duo and longtime Vegas headliners Penn & Teller – who has called the area home for nearly three decades.

At Tuesday’s Planning Commission meeting, multiple residents expressed their disapproval of the project, fearing that it would have a detrimental impact on their way of life, away from the hustle and bustle of the city of Las Vegas.

We do not want this suburban project to ruin our rural character,” said local resident Cathy Fry to the panel.

Currently, the area where part of Richmond American’s project is to be built is a designated Rural Neighborhood Preservation zone, which prohibits suburban-style housing with multiple homes in tight vicinity of each other on small parcels of land. The five-acre section of the project that is situated within that zone means that the company will be mandated to build homes on half-acre lots instead. But the remaining 14 acres, which are outside the zone, will consist of 90 houses built in a more traditional, tightly-knit suburban style.

Christopher Boyle

Christopher Boyle is an expert investigative journalist for SEARCHEN NETWORKS® and reports for independent news and media organizations in the United States. Christopher keeps a keen-eye on what’s happening in the Vegas real estate market on behalf of Shelter Realty Property Management

www.shelterrealty.com

LAS VEGAS, NV – At a recent Clark County Commission meeting, Commissioner Jim Gibson noted that local residents need not worry about the solution to the municipality’s housing crisis inducing sprawl, which is defined as low-density development expanding outward from a city, characterized by single-use zones and heavy reliance on cars.

Gibson issued that statement as a reply to University of Nevada, Las Vegas (UNLV) Lied Center for Real Estate director Shawn McCoy, who was engaging in a presentation on the remaining developable land in the Las Vegas Valley and who, exactly, controls it currently.

Speaking as a private consultant, McCoy said that 88 percent of the land in Clark County is controlled by the U.S. federal government.

But as portions of that land are released for housing development, members of the public at the meeting expressed worry that the risk of sprawl – which can include negative aspects such as increased automobile dependence, higher energy consumption, air and water pollution, loss of agricultural land and natural habitats, higher infrastructure costs, and reduced community cohesion – will increase.

However, Gibson stated that he is not worried about sprawl becoming an issue as the housing crisis in the valley is addressed, noting that there are a lot of misconceptions surrounding it.

There are lots of misunderstandings out there,” he said. “Sprawl is something that has been studied in this valley many times over the years, it’s not what we face and it’s not who we are. The availability of land is something that is suppressing economic opportunity in the valley, it’s driving housing costs to a place where we can’t tolerate them anymore.”

McCoy also addressed the decrease in the amount of land developed each year in the valley for residential housing since 1995, with the largest drop happening during 2006; development has yet to return to the levels they are at prior to the mid-2000’s recession. He also called for additional research into understanding Southern Nevada’s situation when it comes to land and development and how it impacts the local economy and real estate industry.

I’ve been working as an academic for more than 15 years and I’ve never seen a more understudied research space than land,” McCoy said.

Shelter Realty Property Management specializes in the areas of  Henderson, Las 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.

Christopher Boyle

Christopher Boyle is an expert investigative journalist for SEARCHEN NETWORKS® and reports for independent news and media organizations in the United States. Christopher keeps a keen-eye on what’s happening in the Vegas real estate market on behalf of Shelter Realty Property Management

www.shelterrealty.com

LAS VEGAS, NV – A developer has plans to build hundreds of homess upon a large Las Vegas land tract that was recently purchased by an investment firm from Summerlin developer Howard Hughes Holdings for over $100 million.

Hearthstone, a Southern California firm that invests in homebuilding projects, bought the 240 acres of land from Hughes Holdings in early September for $100.4 million, according to Clark County records and Nevada business-entity filings. The land is located approximately two miles southwest of the Tropicana Avenue-Hualapai Way intersection, reports say.

The developer that is planning the build is Pulte Homes, which was originally approved to do so last year by Clark County; their project will take the form of a guard-gated community comprised of over 400 houses. Pulte currently has an option to buy the land in question from Hearthstone for the project.

The land that Pulte intends to develop is known as the “Back Bowl,” and is located in a small valley south of The Summit Club, an affluent guard-gated community within Summerlin that calls several celebrities as residents.

The sale of the property is one of the largest Hughes Holdings has made in several years; Summerlin is comprised of 22,500 acres of land in the western Las Vegas Valley and the developer regularly sells undeveloped parcels throughout the master-planned community to homebuilders.

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  Henderson, Las 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.

Christopher Boyle

Christopher Boyle is an expert investigative journalist for SEARCHEN NETWORKS® and reports for independent news and media organizations in the United States. Christopher keeps a keen-eye on what’s happening in the Vegas real estate market on behalf of Shelter Realty Property Management

www.shelterrealty.com

LAS VEGAS, NV – Beleaguered families living in Windsor Park – a neighborhood located in North Las Vegas whose homes have been sinking into the ground for decades – got some good news this week, as critical funding for the construction of new residences has finally been secured, allowing the development phase of the long-delayed project to finally commence.

The funding for the Windsor Park project was originally approved in 2023 but development has remained in limbo since then, with an impending deadline threatening to yank the millions of dollars earmarked for the renewal of the devastated neighborhood off the table. However, Nevada State Senator Dina Neal (D-North Las Vegas) confirmed that the state has met the deadline – which was Friday of this week – thus, securing the funding and enabling construction to proceed.

Windsor Park is historically comprised of mostly black residents; 241 homes were originally built in the 1960s, but a mere 90 remain today due to a lack of proper studies of the land the neighborhood was built upon. Aa result, existing fault lines aggravated by groundwater pulled from an underground aquifer resulted in homes gradually sinking into the ground.

The consequences were horrific to Windsor Park: walls inside homes cracked, porches collapsed, and sewage pipes shifted and burst.

Community Development Programs Center of Nevada 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. However, work never commenced, and since the money for the project is made up of public funds – $25 million is made up of federal COVID relief funds, and the remaining $12 million is from the state of Nevada itself – the developer was up against strict deadlines that it appeared it wasn’t going to meet.

However, as per State Senator Neal, one of those critical deadlines has been met by Community Development Programs Center – who confirmed that they already have a permit for grading, which is set to commence this week – allowing the Windsor Park project to finally enter its construction phase…much to the relief of its long-suffering residents.

Shelter Realty Property Management specializes in the areas of  Henderson, Las 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.

Christopher Boyle

Christopher Boyle is an expert investigative journalist for SEARCHEN NETWORKS® and reports for independent news and media organizations in the United States. Christopher keeps a keen-eye on what’s happening in the Vegas real estate market on behalf of Shelter Realty Property Management

www.shelterrealty.com

LAS VEGAS, NV – South African tech mogul Elon Musk’s The Boring Company is planning to construct a multi-family apartment complex in Las Vegas that will be connected to its underground loop “people mover” system, with the project having recently cleared a significant milestone by having been granted much-needed land-use permits by the Clark County Commission.

The currently-unnamed project, upon completion, would take the form of a six-story, 132-unit complex situated at 4300 Paradise Road with numerous unique amenities, such as a ground-level bodega, a drive-thru coffee shop, a game room, a full gym, a courtyard and a tenant-exclusive bar and cocktail lounge.

The land-use permits were granted by the Clark County Commission unanimously, albeit with several conditions, as the Boring Company is planning several aspects of the project that do not adhere to normal county building codes.

This includes providing only 24 parking spaces whereas normally 189 would be required, with Stephanie Gronauer of Kaempfer Crowell – the law firm representing Boring at the recent Commission meeting – successfully arguing that the reduction in the number of parking spots was justified due to the building’s residents having access to not only the Regional Transportation Commission’s (RTC) bus service in the area, but also Boring’s underground loop “people mover” system.

The Las Vegas loop is a transport system constructed underneath the city, comprised of a series of underground tunnels dug by Boring that currently ferries people back and forth to the Las Vegas Convention Center in a series of Tesla automated electric cars. Boring plans on expanding the tunnel system, with plans for new people mover routes to various area resorts, sporting venues, and the airport.

The idea is that folks in and around this downtown Strip corridor will live, work and play on this property,” Gronauer said. “Utilize the loop system, utilize the (RTC) bus rapid transit system, as well as the pedestrian accessibility.”

Commissioners granted the land-use permit with the exception for the number of parking spots on the condition that a public meeting be called for the design review of the loop station at the apartment complex, and that the apartment building’s occupancy not be issued until the county issues the loop station’s certificate of occupancy.

Currently, a start date for the project has not yet been revealed.

Shelter Realty Property Management specializes in the areas of  Henderson, Las 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.

Christopher Boyle

Christopher Boyle is an expert investigative journalist for SEARCHEN NETWORKS® and reports for independent news and media organizations in the United States. Christopher keeps a keen-eye on what’s happening in the Vegas real estate market on behalf of Shelter Realty Property Management

www.shelterrealty.com

LAS VEGAS, NV – With affordable housing options in short supply across Southern Nevada, particularly for older residents, a new development in the northern Las Vegas Valley is aiming to help fill the gap.

Dubbed Heirloom at Rome, the 276-unit complex at Rome and Decatur boulevards was developed by Ovation Development Corp. and is specifically designed for low-income seniors.

Completed this summer, the $78 million project features one- and two-bedroom apartments ranging from 664 to 891 square feet, along with 38 separate 400-square-foot “tiny homes.” The first tenants began moving in on September 1. Residents also have access to a variety of amenities, including fitness and wellness rooms, a game lounge, a business center, and a clubhouse.

A recent report from the National Low Income Housing Coalition highlighted the region’s housing crisis, noting a shortage of approximately 78,000 affordable rental units that continues to put financial pressure on local families.

Ovation Development is among the largest apartment builders in Southern Nevada, with a portfolio spanning both affordable and luxury communities. To date, the company has completed 17 affordable housing projects; its last senior-focused property, Heirloom at Pebble, opened in May and is already 89 percent leased.

For those interested in applying to this community, visit: Heirloom at Rome Contact Page

Shelter Realty Property Management specializes in the areas of  Henderson, Las 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.

Christopher Boyle

Christopher Boyle is an expert investigative journalist for SEARCHEN NETWORKS® and reports for independent news and media organizations in the United States. Christopher keeps a keen-eye on what’s happening in the Vegas real estate market on behalf of Shelter Realty Property Management

www.shelterrealty.com

LAS VEGAS, NV – Cleveland-based apartment developer NRP Group has announced that they are actively working on several projects in the Las Vegas Valley – including both affordable-housing and luxury complexes – in an effort, they say, to address ongoing housing shortages in Southern Nevada.

According to NRP Vice President of Development Mike Moriarty, while there are upscale projects on his company’s table, they are especially focusing on the current lack of nearly 78,000 affordable and available rental homes for extremely low-income tenants in Vegas.

“There’s an extreme lack of affordable units here,” Moriarty said, a life-long Las Vegas resident who will be personally overseeing the company’s developments here.

The first two NRP projects are scheduled to break ground later this month; one will take the form of an upscale 390-unit complex in the southwest valley between Durango Drive and Cimarron Road, and other will be a 105-unit affordable housing project in North Las Vegas on Pecos Road.

Emphasis is being placed on not just what NRP is developing, but where; the upscale southwest valley project is on a 7.8-acre plot of land next to UnCommons, a huge mixed-use facility with apartments, offices, restaurants, and entertainment options, as well as being near the Durango hotel and casino, ensuring that residents will have plenty to do during their off-time.

Rental rates would be $2.50 to $2.60 per square foot, and there will be a number of high-end finishes and amenities for tenants, including indoor bicycle storage with a repair station, an indoor pet wash, and more.

As for the North Las Vegas project, the affordable housing complex – dubbed North & Valley – will be offering units to residents earning between 50 and 60 percent of the Area Median Income (AMI), and will take the form of two four-story buildings with a mix of one, two, and three-bedroom residences.

The first units of these projects are slated to be available to rent by the first quarter of 2026.

Shelter Realty Property Management specializes in the areas of  Henderson, Las 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.

Christopher Boyle

Christopher Boyle is an expert investigative journalist for SEARCHEN NETWORKS® and reports for independent news and media organizations in the United States. Christopher keeps a keen-eye on what’s happening in the Vegas real estate market on behalf of Shelter Realty Property Management

www.shelterrealty.com