Las Vegas Homes Watch

Saturday, June 04, 2005

Siena in Summerlin is nearly full:

According to the developers of Siena the place is nearly full
and only a few units are left in this age-qualified development.

Homes are prices from the $400,000s to $1,000,000.
The single-story floor plans range from 1,040 to nearly 3,200 square feet.
There are loads of customizing opportunities available including courtyard
fireplaces and casitas with separate entrances.

Sunrise Colony Co developed the village and provides residents with access to Summerlin's myriad amenities, as well as recreational, social and fitness opportunities within the guard-gated community. The 18-hole Siena Golf Club is central to the Village and allows residents receive special rates and preferred tee times.

Other facilities include fitness center, gym, spa, pools, theatre areas, tennis courts, badminton courts, sewing and quilting center, fine arts and ceramics area, music room, game rooms for billiards, cards, darts and shuffleboard, business center, meeting rooms, library and many more facilities.

Wednesday, June 01, 2005

Mixed-use Developments - Commerically More Viable

A Leading building firm, which has invested in several mixed-use developments around Las Vegas, feels that these projects provide economic viability that let the project to be taken up in the first place. Else many of these projects will never be constructed.

Mixed-use development allows for diversified incomes streams from residential, commercial, retail, and other groups. For example - banks, shops, commercial establishments, eat-outs, restaurants, condos each provide a different income stream to the developer.

But on the negative side investors would rather invest in fully apartment space or fully commercial space. Then you have issues about parking, construction, security that normally wouldn't arise in a single use development.

But the problems of shrinking developable land and rising real estate prices are forcing both developers and buyers to experiment with various models.

Monday, May 30, 2005

Master-planned community in Henderson Wins support form Council

The next big planned community coming up in Henderson won support and praise from the City Council last week. The same high-density design concept, which the developer used in an earlier project, had been criticized for forcing too many people into too small neighborhood. But after a visit to the township members changed their mind and were now enthusiastic in having similar innovative projects coming up.

South Edge, which is the next project, could one day bring in as many as 28,750 residents to 1,940 acres south of the Henderson Executive Airport. The Focus Property Group development will include 11,500 housing units ranging in size from apartments to 6,000-square-foot estate homes.

The council members unanimously approved the development agreement and a zone change for South Edge, heaping generous praise on the project and all the work that went into it. The design concept also known as "New Urbanism" or "neo-traditional," seeks to mirror pre-World War II towns where people could walk to the market and their kids could walk to school