Category Archive : Development

LAS VEGAS, NV – Formerly a quiet neighborhood free of the hustle and bustle of the Las Vegas Strip, the city’s Arts District is now seeing an uptick in foot traffic and activity as two new apartment complexes are currently under construction, with both slated to open next year.

A 337-unit apartment building is currently in the works, courtesy of developer Southern Land Company of Nashville, Tennessee. Located at the intersection of California Avenue and Third Street, the currently-unnamed project will be comprised of three seven-story buildings upon completion, and will offer a two-story fitness center and rooftop deck, in addition to ground-floor commercial and retail space.

According to Alex Woodin, Southern Land Company’s Development Manager, the complex is scheduled to open its doors for business early in 2026.

The second apartment building project that is currently under construction in the Arts District is situated at the corner of Commerce Street and Imperial Avenue, and upon completion will offer 311 apartment units and ground-floor commercial space, as well as tenant amenities such as a large fitness center and resort-style spa facilities that will include saunas.

According to co-developers Cedar Street Companies out of Chicago, Illinois and Bridge Investment Group of Salt Lake City, Utah, the project – which is also currently unnamed – is anticipated to open in the middle of next year.

For a number of years, the Arts District was one of the quieter areas of Las Vegas, with numerous vacant storefronts, empty plots of land, and a general lack of foot traffic; however, recently the neighborhood has seen an influx of businesses – including restaurants, coffee shops, and retail shops – that have attracted more and more people.

And with the Arts District’s growing popularity have come higher rents, not to mention the need for more housing options, which these two in-development projects should help to address.

Shelter Realty is a Real Estate and Property Management Company specializing 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.

LAS VEGAS, NV – Following almost ten years of legal wrangling back-and-forth with the property’s now soon-to-be former owner, the Las Vegas City Council last Wednesday approved a plan to build a nearly 1,500-unit, upscale housing development on the grounds of the former Badlands golf course, despite staunch opposition from the residents of an adjacent neighborhood.

The council gave the thumbs-up to the project on a vote of 6-0. The greenlight has thus been given for developer Lennar Homes to proceed with their plan to construct 1,480 luxury homes, townhomes and condominiums on the 250-acre defunct golf course property.

With great pleasure, I move to approve,” said Councilwoman Victoria Seaman. “I’m just grateful that we’re here, all those months of negotiation and we’ve come together this far.”

The vote on Wednesday brought a close to a nearly decade-long saga that saw great opposition by the residents of the nearby Queensridge neighborhood regarding how the property was slated to be developed; in addition, the council also had numerous legal clashes with EHB Cos. CEO Yohan Lowie, the former owner of the property that had attempted to develop housing there himself.

The council had blocked Lowie from developing housing on the course, and in turn Lowie and EHB filed a lawsuit, claiming that the city “took” the land from him. The courts agreed with Lowie, and a $286 million settlement was reached that involved the city purchasing the Badlands property from EHB for $636 million; Lennar Homes will pay the city $350 million for the land, and the remining $286 million balance will be paid by the city to EHB to satisfy the terms of the settlement.

As for the opposition of the Queensridge residents to the project, reports indicate they had expressed concerns about density, traffic and the number of schools in the area, and decried the lack of involvement they had in the decision-making process; another lawsuit is reportedly being considered.

Shelter Realty is a Real Estate and Property Management Company specializing 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.

LAS VEGAS, NV – A mixed-use apartment complex in downtown Henderson that was aborted mix-construction and has since sat dormant while its developers were mired in bankruptcy proceedings has ben given a new lease on life in the form of new funding, and is now expected to be completed by the end of 2025.

The Watermark, located at 212 South Water Street, will resume construction after its project developer, Strada Development Group, received nearly $28 million in new funding, with the revised completion date now slated for the end of May.

The $65 million complex, located across from the America First Center ice rink, will take the form of a 151-unit apartment complex that will also incorporate 30,000 square feet of commercial and retail space.

The resurrection of The Watermark comes after construction was halted last year due to lawsuits and, ultimately, a declaration of bankruptcy. However, after the developers managed to close on a $27.9 million loan – as per a filing with the U.S. Bankruptcy Court in Las Vegas – lead contractor Gillett Construction issued a press release earlier this week announcing that the project will now be “officially moving forward.”

The Watermark is a vital project for Henderson, and we are thrilled to see it moving forward again,” Gillett owner Darren Gillett said.

An owner’s representative has been appointed to ensure oversight of the project and to make sure that all project timelines are adhered to; construction is anticipated to be finished in late spring to early summer, according to the release.

The 1.2-acre plot of land for the project was originally purchased from the city of Henderson’s Redevelopment Agency in 2020 and later broke ground in 2021. However, cost increases and supply-chain shortages drove up development costs by over 20 percent, and lawsuits filed by the contractor – alleging non-payment of more than $11 million – as well as one of their lenders ultimately drove the project into bankruptcy until now.

Shelter Realty is a Real Estate and Property Management Company specializing 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.

LAS VEGAS, NV – North Las Vegas has been experiencing a boom when it comes to the number of residential homes available over the course off the past 20 years, with U.S. Census Bureau data predicting the city’s population could reach as many as 400,000 people by 2050.

Since 2005, the municipality – which currently boasts 290,144 residents – has seen a 50 percent increase in the amount of available single-family homes within its borders, which amounts to 40,000 units having been added during that span of time. North Las Vegas’ Director of Land Development and Community Services, Alfredo Melesio, notes that the “tremendous growth” the city has experienced could be contributed to a number of factors.

For more than a decade, we have consistently looked for ways to improve and streamline our development processes,” Melesio said. “By moving at the speed of business and maintaining direct communication with developers, we’ve capitalized on the region’s strong growth while ensuring thoughtful community development. Our team works closely with builders and developers to provide answers and solutions, making the development process as efficient as possible.”

When the total amount of housing options is taken into account, North Las Vegas’ growth over the past 20 years is even more impressive; in 2005, the city had 44,882 single-family homes, 3,714 duplexs, 838 mobile homes, 5,949 apartments, 1,025 townhomes and 1,560 condominiums, for a total of 57,968 units overall. Fast-forward to the end of 2024, and there were 73,310 homes, 5,010 duplexs, 771 mobile homes, 12,072 apartments, 3,819 townhomes and 2,217 condos for an overall total of 97,199 units, which represents an impressive increase of 67 percent.

Melesio said that North Las Vegas’ population boom can also be attributed to the growth of its industrial and retail sectors, as well as having cultivated a reputation for being business and developer-friendly, a status that city leaders are working hard to maintain and grow even further.

Right now, we’re focused on transforming neighborhoods and building community spaces that make North Las Vegas a destination where people want to live,” he said. “Our vision extends beyond new buildings, we want to create vibrant neighborhoods where residents can work, live and gather.”

Shelter Realty is a Real Estate and Property Management Company specializing 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.

LAS VEGAS, NV – Summerlin West, a master-planned community located in the western part of the Las Vegas Valley, will soon be welcoming a new community within its borders in the form of a pricey, ultra-luxury neighborhood, thanks to a Japanese developer.

The fifth-largest homebuilder in the United States, Sekisui House, will be selling Shawood-branded homes in Summerlin West’s new Arcadia community at the northwest corner of Sky Vista and Fox Hill drives. Home sales are set to start on March 1, with prices to range between $1.4 million and $1,6 million, according to the developer.

The project, Sekisui House’s first-ever endeavor in Las Vegas, initially began construction in July.

The homes that will be on offer in the community will comes in three different layouts with three- and four-bedroom configurations, and will range in size from 3,176 to 3,399 square feet.

The residences will have “Zero Energy” classification, which denotes a structure with net zero energy consumption, meaning the total amount of energy used by the building on an annual basis is equal to the amount of renewable energy created either on or off the site utilizing technology such as heat pumps, high efficiency windows and insulation, and solar panels.

In addition, in a clear nod to the developer’s Japanese roots, the homes will have a “Kokage lounge” option; according to the Shawood website, “the Japanese word Kokage means ‘under the shade of the big tree,’ and the lounge features soaring ceilings, expansive glass doors, and sloping eaves reminiscent of radiating branches, filling your home with light, air, and tranquility. A perfect place for connection and reflection.”

In 2024, Summerlin was ranked by national real estate consultant RCLCO 5th in the nation among best-selling master planned communities, having sold 1.055 homes last year.

Shelter Realty is a Real Estate and Property Management Company specializing 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.

LAS VEGAS, NV – A new community comprised of nearly 400 new homes is slated to be developed on an 88-acre plot of land along Lake Mead Boulevard in the Las Vegas neighborhood of Summerlin West by homebuilder Taylor Morrison, one of the largest such companies in the United States.

The resort living community, dubbed Esplande at Summerlin, is to be made up of 398 homes ranging in size from 1,500 to 3,200 square feet. Construction is scheduled to commence in the first quarter of 2026, followed by sales of the residences beginning in the second quarter of the same year, according to an announcement made by the Scottsdale, Arizona-based developer.

Upon completion, Esplande at Summerlin will boast numerous high-end perks and amenities for its residents, including a 10,000-square-foot clubhouse with a restaurant, spa, golf simulator, fitness center, pool, pickleball courts; in addition, there will also be walking trails with scenic views.

In September, the 88 acres for this project – originally owned by Summerlin’s developer, Howard Hughes, and spread out over three parcels of land – were bought for $107 million by a land banker representing Taylor Morrison.

The company’s Las Vegas Division President, Kent Lay, said that Esplande at Summerlin 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.

We are looking forward to bringing new housing to the Summerlin area and expanding our Esplanade brand to the Las Vegas market, while providing residents with signature resort-style amenities and wellness programs,” Lay said.

There’s a very good reason why Summerlin is a hotbed of activity when it comes to developers; according to a report released by national real estate consultant RCLCO, it ranked fifth nationwide in 2024 in terms of best-selling master planned communities, having sold an impressive 1,055 homes during the span of that year.

Shelter Realty is a Real Estate and Property Management Company specializing 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.

LAS VEGAS, NV – The Calida Group, a multifamily real estate development and investment firm based out of Clark County, has closed on a purchase of a parcel of land in the southwest Las Vegas Valley next to a prominent hotel, with plans to begin building a luxury apartment complex starting in late 2025.

The purchase takes the form of a 13.2-acre parcel next to the Durango Resort located in the vicinity of Durango Drive and the 215 Beltway, with the Calida Group paying approximately $18.3 million to Las Vegas apartment developer Ovation for the property, according to records.

The developer has announced plans to hold the official groundbreaking on the project early this upcoming spring, with the facility boasting 393 upscale apartment units spread out over a four-story Ainsley-branded building, which is set to include “ultra-modern designer fixtures, timeless hardware and luxurious amenities.”

Calida’s Co-Founder, Doug Eisner, noted that the currently-unnamed project will have a slew of high-end amenities for tenants that fall in-line with other neighboring properties that the firm has built in Las Vegas, such as a game lounge with billiards and shuffleboard, in addition to a gym, sauna, yoga studio, Himalayan salt cave and massage and steam rooms.

In addition to all of the upscale trappings and perks of living in the new facility, one of the main draws, according to Eisner, will be the location of the apartment complex, which is in an up-and-coming part of the valley that is within walking distance of the Durango and its plethora of food and entertainment offerings.

“We think it’s a huge amenity,” Eisner said.

Units at the upcoming complex will range from 575 to 1,450 square feet, with monthly rent expected to be between $1,700 to $3,200 per month, according to the Calida Group.

Shelter Realty is a Real Estate and Property Management Company specializing 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.

LAS VEGAS, NV – A high-rise hotel project proposed near the Las Vegas Strip that would cater exclusively to the Jewish community is expected to move forward in 2025 after being recommended for approval by the Paradise Town Advisory Board, according to reports.

Slated to be built at 3601 Vegas Plaza Drive according to documents submitted to Clark County, the 42-story, 648-foot-tall KDH Hotel – formerly known as the King David Hotel – would be located directly to the north of The Mirage and west of Treasure Island. The hotel would include 486 rooms, banquet halls, a day spa, a two-level synagogue, kosher meals, restaurants, bars, a banquet facility, retail and convention space, all situated within short walking distance of Las Vegas Boulevard.

Following the 3-1 recommendation vote for approval by the Advisory Board on December 11, the next step for the KDH Hotel is for the developers to go before the Clark County Commission for review on January 8; potential hurdles include the outcomes of traffic and drainage studies, in addition to aligning the proposed height of the building in accordance with Federal Aviation Administration regulations.

Or Bamidbar Chabad Sephardic Synagogue Rabbi Yossi Shuchat said that he was very happy that there would be an establishment in the heart of the city where the Jewish community – in addition to the many Jewish tourists that visit Vegas every year – would feel welcomed and safe.

I think it is a great place. Anywhere near the Strip would be great because that is where all the conventions happen,” he said. “On the Sabbath, we are not allowed to drive. So religious people, they walk to the synagogue. Also, there are a lot of restrictions using electricity on the Sabbath. So, people have issues with electronic keys for the rooms so if there is a hotel that would work with them and have regular keys and everything that is needed it will be much more comfortable for them.”

However, the KDH Hotel project has received pushback from a neighboring resort-casino; Treasure Island General Counsel Brad testified at last month’s Advisory Board meeting that “the project will have adverse impacts on surrounding properties due to increased traffic and heavy polluting.”

Food deliveries, linen and sundries, retail items, etc, require access to the property,” he said. “I have heard during an in-depth screening for a few board members that a large building on a small parcel will have an impact on its neighbors. I would like to note that that is exactly what this is. We also believe that the inability to stage construction vehicles onsite while building this tower will create massive problems and negatively impact ingress and egress on the North Strip.”

If all goes well at this week’s Clark County Commission meeting, construction on the project could commence later this year.

Shelter Realty is a Real Estate and Property Management Company specializing 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.

LAS VEGAS, NV – The former sites of the Texas Station and Fiesta Rancho in North Las Vegas – both of whom closed their doors for business in 2020 due to the effects of the COVID-19 pandemic – are now being developed into a new housing community that, upon completion, will help to address the ongoing housing crisis in the region.

Hylo Park, whose construction is anticipated to begin early this year, is slated to take the form of a new mixed-use development – comprised of a 700-unit housing complex, along with entertainment and retail components, among other options – located upon the currently empty 73-acre lot that was left behind following the 2022-2023 demolition of the Texas Station and Fiesta Rancho hotels.

The Hylo Park project was originally announced by Agora Realty & Management in July 2023 following an abortive attempt by the city of North Las Vegas to acquire the property for use as an affordable housing development; however, city officials deemed the purchase price to be too high.

The North Las Vegas Planning Commission approved Agora Realty’s final development plan for the south end of Hylo Park in December, with construction of the project slated to begin in early 2025; a finish date has not yet been publicly announced.

Upon completion, Hylo Park is planned to have a housing complex with approximately 700 brand-new units, in addition to a sports field, an outdoor entertainment venue, a 150-room hotel, restaurants and bars, a convenience store, a car wash, an ice rink, and possibly more.

Reports indicate that surrounding residents have reacted positively to the news of Hylo Park’s development, as the 2020 Texas Station and Fiesta Rancho closures have left locals with a less entertainment options in the area, a situation they anticipate will be remedied by this new project.

Shelter Realty is a Real Estate and Property Management Company specializing 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.

LAS VEGAS, NV – In an attempt to address the current housing crisis in Southern Nevada, the Bureau of Land Management (BLM) announced they will be auctioning off approximately 90 acres of land located throughout the Las Vegas Valley this upcoming March.

According to a notice posted by the BLM on the Federal Register, the online-based auction – slated to start at 8 a.m. on March 18 – will be comprised of 89.35 acres of land divided into 11 separate parcels.

BLM noted that 30 days prior to the auction, specifics of the land up for grabs – including legal description, physical location, encumbrances, reservations, rights-of-way and exact acreage – will be posted online.

Currently, what has been revealed by the BLM is that two parcels are located in Henderson, along with one in the southern part of the Las Vegas Valley and three in the northwest part; some are situated adjacent to commercial lots, and other next to residential properties.

As for the local jurisdictions that the properties are located in, two are within Henderson, three are in the city of Las Vegas, and six are in Clark County.

As per a press release put out by the BLM announcing the auction in March, the federal agency noted that the land being auctioned off will not be done so with any discounts, as per the 1998 Southern Nevada Public Land Management Act; instead, the parcels will be sold at “fair market value.”

Critics have become increasingly vocal with their complaints over the BLM’s seeming reluctance to set aside more land for residential or commercial development in the Las Vegas Valley, either by releasing it outright or allowing it to go to auction. Indeed, many are blaming the agency in-part for the overall lack of affordable housing options in Southern Nevada, and it is hoped that this auction is the first of many that will eventually remedy the situation.

Shelter Realty is a Real Estate and Property Management Company specializing 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.

LAS VEGAS, NV – Two cases that are currently before the United States Supreme Court, depending on their outcome, could have a serious impact upon several aspects of the home development industry, mainly when it comes to federally-mandated environmental reviews and how they could affect the overall timeline of construction projects.

Depending on the outcomes of San Francisco v. EPA and Seven County Infrastructure Coalition v. Eagle County, Colo., addressing the housing crisis in Southern Nevada could face significant setbacks, as developers could be required to greatly increase the scope of federally-required environmental reviews and/or studies to gauge the potential impact that their construction projects could have.

The Las Vegas Valley has been experiencing a housing crisis in recent years, due to a shortage of affordable housing units; this can be attributed to several factors, but the main culprit experts say is an overall lack of land to develop, given the fact that much of the land in Southern Nevada is owned by the Bureau of Land Management (BLM). Critics of BLM have pointed out that the federal agency has been slow to release additional lands for housing development, contributing to the housing crisis that is currently ongoing in the valley.

However, even if additional lands are released for development, builders could face an uphill battle depending on the outcome of the two aforementioned Supreme Court cases. Reviews to ensure that the surrounding environment and wildlife – as well as any federally-protected endangered species – are not harmed by any given construction project can already contribute to a significant amount of time and planning, ranging anywhere from months to years.

These cases could cause environmental impact reviews and studies to become even more stringent, mandating that the review process take into consideration a more diverse array of environmental harm, including potential threats to drinking water and other maladies.

The overall intention of these lawsuits is to ensure the health and well-being of millions of people across the country, a cause that should be lauded; the unfortunate side-effect, however, is that it may take even longer to address Las Vegas’ housing crisis depending on the outcome, according to the National Association of Home Builders.

Both of these cases have the potential to add uncertainty to the development process. And uncertainty translates to added time and money,” the organization said in a statement.

Shelter Realty is a Real Estate and Property Management Company specializing 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.

LAS VEGAS, NV – Ground on a new Class A, 342-unit multifamily housing complex was recently broken as part of a joint venture by the NRP Group and Rockefeller Group in Las Vegas; this marks NRP’s first-ever development in Sin City, and Rockefeller’s first-ever multifamily project in the state of Nevada.

When completed in early 2027, Silverado – designed by Perlman Architects – will take the form of 15 three-story buildings located on a 10-acre lot in Enterprise, located 10 miles from the Las Vegas Strip, Harry Reid International Airport and Allegiant Stadium.

The buildings will contain one, two, and three-bedroom units. In addition, the complex will boast many amenities for its tenants, including a swimming pool, sports court, and a clubhouse with a social lounge, gym and coworking spaces, among other features.

For the next two years at least, according to NRP Group Vice-President Michael Moriarty, there will be no other Class A projects within a 3-mile radius of the Silverado complex.

The Rockefeller Group has developed approximately 3,000 housing units across the country, with an additional 2,000 currently under construction; most recently, the company completed Sol38, a 360-unit housing community in Nevada’s neighboring state of Arizona.

Multifamily housing development has increased in Southern Nevada in recent months, with over 9,500 units under construction as of December; more than 3.200 units were broken ground on during the first 11 months of the year alone. In contrast, during the same span of time in 2023, ground was broken on only 2,800 apartment units.

However, overall housing construction levels now still remain below what they were at the same period of time in 2023, when they were 16.5 percent higher with over 11,400 units in the works at the time; some of these projects had been started the year or so prior.

Completion of Silverado is anticipated to be in early 2027.

Shelter Realty is a Real Estate and Property Management Company specializing 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.