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Category Archive : Development

240 Acres in Las Vegas Sells for $100 Million; Developer Plans to Build Hundreds of Houses

240 Acres in Las Vegas Sells for $100 Million; Developer Plans to Build Hundreds of Houses

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  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.

Early morning view of new neighborhoods and Route 215 from the top of Lone Mountain in Northwest Las Vegas.

Critical Funding Secured for North Las Vegas Windsor Park Project, Construction Phase to Finally Commence

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  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.

Boring Company Facing Fines by Nevada OSHA

Elon Musk’s The Boring Company Planning to Build Las Vegas Multi-Family Housing Unit

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  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.

northern Las Vegas Valley

Heirloom at Rome, New Affordable Housing Complex in Las Vegas, Opens

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  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

Midwest Apartment Developer Announces Several Las Vegas-Based Projects

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  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

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.