Mixed-Use Developments In Las Vegas

Las Vegas real estate developers are turning to mixed-use developments to combat the high cost of land and its effect on the affordability of homes for Las Vegas. Real estate developers are also turning to other ideas increasing the residential density, reduced lot sizes to 4000 sq feet for tract homes and turning to mid-rise and high-rise blocks of apartments instead of the single-family homes which were the norm a few year ago.

The mixed-use developments are offering residential, retail and office space within a location which allows for the residents to shop and even work in the same area.These projects in suburban locations, are becoming prominent as a means by which to offer home buyers (often locals) maintenance-free lifestyle opportunities according to Peter Dennehy in a report from the Sullivan Group.

For example Carina Corp's 40-acre Village at Centennial Springs is a mixed-use project in the northwest valley. Diversified Real Estate Group started work on the 50-acre Urban Village on Las Vegas Boulevard South, and The Curve is planned on 47 acres in Southwestern Las Vegas.

Though mixed-use projects are catching up they are a lot of complex issues associated with such projects. Residential, office and retain spaces have their challenges and opportunities.
There are different zoning laws and rules applicable to each

New Suburban Village Project In Southwestern Las Vegas

A new residential and office suburban village project called The Curve is coming up along the Las Vegas Beltway near Durango Drive and Sunset Road. It is a 47.5-acre suburban village project in the southwestern Las Vegas Valley with high-rise condominiums, resort amenities, retail boutiques, restaurants and intermixed office space.

The condos offer six floor plans ranging from 1.078 to 2,046 square feet. All the condos will have floor-to-ceiling windows and large terraces and each unit will offer spacious living with breathtaking views of the entire Las Vegas Valley.

The place has been designed with resident comfort and luxury in mind. The amenities include swimming pools and spas, cabanas and concierge services, as well as a village environment where residents can work, shop, dine and play.

The aim of the project according to the promoters is to provide a laid-back, comfortable suburban lifestyle allowing people to enjoy boutique shopping, dining and nightlife only a minute's walk from their door. Prices for the homes start at $400,000 and the project is set to begin in 2006.