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Category Archive : Development

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.

Smith Center for the Performing Arts

Ground Broken This Week on Six-Acre Mixed Use Development in Las Vegas’ Downtown Area

LAS VEGAS, NV – Ground was broken on Tuesday of this week on Origin at Symphony Park and Cello Tower Residences, a huge mixed-use development in downtown Las Vegas that officials say should serve to address many underserved needs in the city once it is complete.

Spanning six acres within the 61-acre Symphony Park development across from city hall – which also calls Smith Center and the Cleveland Clinic Lou Ruvo Center for Brain Health home – Origin at Symphony Park and Cello Tower will be comprised of retail businesses, corporate office space, and a luxury residential high-rise condominium tower, the first of its kind constructed in Las Vegas in over 15 years.

The goal of this development – as per builder Red Ridge Development – is to create a full-fledged community within walking distance of the Smith Center for the Performing Arts and Fremont Street Experience.

Retail tenants are already lining up for Origin at Symphony Park, despite construction only having just begun; among them are what is being touted as a national grocery store chain – the name of which will be announced in the near future – which is something that Vegas’ downtown area has been sorely lacking for some time.

Meanwhile, the 32-story Cello Tower – designed by architecture firm Perkins Eastman – will be comprised of eight penthouse suites beginning at $4.5 million, along with an additional 240 one-and-two-bedroom residences that will start at $700,000 and up.

The complex will feature numerous high-end finishes and appliances for its residents in addition to a great many amenities, including an elevated outdoor environment on the 25th floor featuring beautiful landscaping, gorgeous views, and a fountain; an exhibition kitchen and private dining room; pods for barbecues; a hyper-oxygenated resort-style pool; a TV media wall; a pet spa and park; and an entire 7,000-square-foot floor dedicated to wellness, including a full gym and spa facilities.

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.

Lake Las Vegas

Home Sales Begin for La Cova, a New Luxury Neighborhood in Lake Las Vegas

LAS VEGAS, NV – Sales for homes in La Cova, a new guard-gated, master-planned luxury community located in SouthShore Lake Las Vegas, officially commenced this week according to the project’s developer, Tri Pointe Homes Las Vegas.

Tri Pointe Division President Klif Andrews said that La Cova is a waterfront resort-style community whose homes will boast a luxurious European design aesthetic, right in the heart of Nevada.

La Cova introduces a new pinnacle for resort-style living in Las Vegas,” he said. “La Cova is an alluring opportunity for luxury buyers who want every day to feel like a getaway.”

The community’s unique look and feel was in-part designed by Woodley Architectural Group, with La Cova being comprised of 42 residences spread out amongst three enclaves on adjacent peninsulas. 38 homes are located along the shore of Lake Las Vegas, and the remaining four near the community’s edge, adjacent to the SouthShore Country Club golf course.

La Cova is going to be unlike any other place,” Andrews said. “The way we connect homes to the water, it’s like having your own private luxury resort. It gives buyers a rare opportunity to purchase something incredibly unique for our market.”

The homes on-offer in La Cova will offer six different styles to buyers and range in size from 2,800 square-feet to over 4,200 square-feet, with prices ranging between $2 million and $4 million. Designs blend modern-style Tuscan and Mediterranean influences and feature large windows for maximum visibility and backyards with lush, resort-style courtyards.

In addition, there are numerous high-end amenities available for these homes, such as detached casitas, workout rooms, executive offices, club rooms and upper-level balconies. Also, boating, paddle boarding, and many other sport and recreation options are available via the development’s waterfront location.

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

Developer Holds Groundbreaking for “Midtown Plaza” Mixed-Use Complex in Las Vegas Arts District

LAS VEGAS, NV – Z Life Company, an eco-friendly residential developer that touts themselves as pioneers in sustainable, luxury real estate “focused on innovated structural design and contemporary experience,” broke ground on a new project in Las Vegas’ Arts District this past Friday.

“Midtown Plaza” will be a mixed-use facility comprised of six towers offering condominiums, hotel rooms, apartments, and retail options, located near the intersection of Coolidge Avenue and First Street.

According to Z Life Company Chief Operating Officer Anna Olin, her company has invested a significant sum into the city of Las Vegas, including $300 million for the Midtown Plaza project alone.

Olin noted that while the relatively quiet part of the Arts District located south of Charleston Boulevard has seen a surge in development and an influx of new businesses and foot traffic in recent years – restaurants, coffee shops, and numerous retail stores – the area of the district north of Charleston has not seen the same level of resurgence, having remained “unused for a number of years.”

Z Life Company’s decision to build Midtown north of Charleston reflects the company’s desire to help it rise to the same level of prominence as the rest of the Arts District, Olin said.

Midtown is slated to have 87 residential units – comprised of studio, one-bedroom, two-bedroom and penthouse options – with prices starting at a base level of $299,000, and accompanied by numerous high-end amenities such as energy-efficient appliances, all-electric interiors and access to a shared series of Tesla electric vehicles (EVs).

Midtown will be located at 921 South Main Street, and will be managed by Berkshire Hathaway HomeServices Nevada Properties, with retail sales represented by the Martinez Group.

“Midtown is unlike anything Las Vegas has seen before,” Matthew Martinez of the Martinez Group said. “We’re bringing together everything that makes downtown living exciting – walkable spaces, local businesses and modern design – all while keeping it accessible.”

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.

Construction

Developers of UnCommons Mixed-Use Project Announce Completion of Construction

LAS VEGAS, NV – The developers of UnCommons – a huge, 40-acre mixed-used facility in southwestern Las Vegas – announced that construction efforts have officially been completed, although some of the remaining empty land on the property may be used for future projects.

UnCommons – located at Durango Drive and the 215 Beltway in the southwest valley – is essentially a mini-city within a city, consisting of 500,000 square feet of offices, as well as restaurants, health and fitness studios, relaxation options, and over 830 residential units, in addition to The Assembly, an experimental project consisting of a 5,000-square-foot conference and event pavilion.

The Assembly is being touted as a one-of-a-kind addition to the mixed-use development that can host a variety of event types, including talks, community events, and weddings; the space can even be utilized as hub for the facility’s office tenants when needed.

The apartment complex situated within UnCommons – which is dubbed Vestra – is made up of 830 units spread out amongst three towers; in addition, office tenants consist of notable companies such as Draft Kings, CBRE Group Inc, Deloitte and Newmark.

On the storefront side, food and beverage locations include Urth Caffe, Teaspoon, and Amari, and retail businesses are made up of varied businesses such as a luxury candle maker and a hair salon.

The concept behind the $800 million project – which originally broke ground in 2020 – is that it is a space where the various employees working for the businesses located there have numerous solutions to all of their needs – living space, entertainment, exercise, and more – right there at their fingertips.

Matter Real Estate Group partner Jim Stuart said that the UnCommons project is already a rousing success, with 93 percent of the office space leased, along with 90 percent of the retail and restaurant space and 60 percent of Vestra.

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.