Wednesday, December 24, 2014

Following a 2014 Blockbuster, Another Banner Year Is Planned For Summerlin In 2015

Nevada’s Leading Master Planned Community Continues to Bring World-Class Neighborhoods and Amenities to the Las Vegas Valley

For The Howard Hughes Corporation® – master developer of Summerlin® - 2014 was a blockbuster year with the highly anticipated opening of Downtown Summerlin®, a 106-acre fashion, dining and entertainment destination in the heart of the master planned community that drew more than 250,000 visitors to its first weekend. According to Kevin T. Orrock, President of Summerlin, 2015 is shaping up to be another big year for the 22,500-acre community that still has more than 5,400 acres left to develop. 

Headlining the community’s 2015 development plans are –

  • The Cliffs - The newest Summerlin village located against a dramatic ridgeline at the southernmost tip of the community; ongoing parcel sales to homebuilders in this village will prepare for new neighborhoods and homes in 2016;
  • Regency by Toll Brothers - Summerlin’s newest age-qualified community brings a new model of active adult luxury to the area;
  • The Constellation® - Downtown Summerlin’s first residential development is a joint venture of The Calida Group and The Howard Hughes Corporation;
  • Discovery Land Company - Nevada’s most exclusive residential development – an exclusive resort-style community located south of The Ridges® and a joint venture of Discovery Land Company and The Howard Hughes Corporation; and
  • The Paseos Village - Six new neighborhoods will ultimately encompass more than 800 new homes.

“It’s great to see a high level of construction activity continue,” said Orrock. “There is a definite energy and level of confidence in the resurgence of our rebounding economy. Nowhere is this more evident than in Summerlin where a variety of significant commercial and residential developments are already underway or preparing to start.”

The Cliffs village spans 450 acres and is generally bounded by Hualapai Way and Patrick Lane to the north and Maule Avenue to the south. Located between Bishop Gorman High School and Wet ‘n’ Wild, The Cliffs draws its name from the ridgeline to the west that forms a stunning backdrop to this new residential village. The Summerlin trail system that runs through The Cliffs will connect to Clark County’s future Gypsum Ridge Recreational Park that borders the village’s western edge, continuing The Howard Hughes Corporation’s long term approach of linking Summerlin’s trails to the trail systems of the greater Las Vegas Valley.

One of The Cliffs signature developments will be Regency by Toll Brothers, Summerlin’s first age-qualified community in fifteen years. Over 425 single-family homes will be offered in nine distinct floor plans ranging from 1,668 to 2,398 square feet. According to Peggy Chandler, Senior Vice President of Summerlin, Toll perfected its luxurious active lifestyle in 12 markets across the country before bringing it to Summerlin and is confident it will be a success. Regency includes walking trails and an amenity center offering indoor and outdoor pools, tennis courts, pickle ball courts, a clubhouse and social programming that includes classes, events and gatherings.  

Also taking shape in The Cliffs village in 2015 is a 25,000 square-foot acquatic center with a junior Olympic-size pool and an aerobic pool that upon completion will be deeded to Clark County to operate as a public facility. Under the direction of Julie Cleaver, Vice President of Summerlin, The Howard Hughes Corporation is designing and constructing the facility to expand the offerings in the existing Faiss Park, located at Fort Apache Road and Maule Avenue.    

“The architectural design of the facility is a nod to the gypsum mining activities on the other side of the ridge that defines the western edge of the village,” said Cleaver. “Durable materials - such as standing seam metal for the roof, split face block walls and corrugated metal paneling - evoke a centuries-old sensibility to construction in a modern contemporary manner. We want this facility to stand the test of time, serve the surrounding neighborhoods and fit in seamlessly with the natural environment.”

In Downtown Summerlin, construction will soon begin on The Constellation, Downtown Summerlin’s first residential development, a 124-unit, gated luxury rental residence complex jointly developed by The Howard Hughes Corporation and The Calida Group. The three-story, 170,000-square-foot multi-family project will feature spacious one- and two- bedroom homes ranging from approximately 1,000 to 2,040 square feet. Exclusive amenities include: state-of-the-art fitness center; spa with tanning services, on-call masseuse and aesthetician; and a resort-style pool with an outdoor BBQ area and pool-side cabanas. Pre-leasing will commence this summer with the first residents expected to arrive early 2016.

Construction will also begin in 2015 on a 555-acre resort-style, golf course community south of The Ridges. A joint venture of The Howard Hughes Corporation and Discovery Land Company, one of the world’s leading developers of private clubs and luxury communities, this new Summerlin village is envisioned as the most exclusive residential setting in Nevada. It will feature a range of living environments from custom homes on expansive lots - some as large as two or three acres – to world-class villas, all arrayed on a private Tom Fazio designed 18-hole golf course and clubhouse with state-of-the-art fitness facility and spa. Development on the new resort community is expected to begin in mid-2015 with the first lot and home sales commencing in late 2015.

Already home to more than 100,000 residents living in more than 40,000 homes, Summerlin will add six new neighborhoods in The Paseos village this year. Combined, these new neighborhoods will eventually encompass more than 800 new homes. Neighborhoods include Delano by Lennar Homes, Altura by Toll Brothers, Sarasota by Ryland Homes, Savona by Woodside Homes, Estrella by Pulte Homes and Allegra by William Lyon Homes. Collectively, these new homes will offer nearly 40 models in a range of sizes, prices and more than 60 floor plans featuring both single- and two-story options.

About Summerlin:
Developed by The Howard Hughes Corporation, Summerlin began to take shape in 1990 and has ranked in the country’s top 10 bestselling master-planned communities for nearly two decades. Located along the western rim of the Las Vegas valley, Summerlin encompasses 22,500 acres with approximately 6,000 acres still remaining to accommodate future growth within the master plan. The community is currently home to more than 100,000 residents who enjoy an unparalleled list of amenities. These include more than 150 neighborhood and village parks, more than 150 completed miles of trails, 22 public and private schools, 14 houses of worship, nine golf courses, shopping centers, medical and cultural facilities, business parks and dozens of actively selling floor plans. Homes are available in a variety of styles – from single-family homes to townhomes and condominiums– priced from the $300,000s to more than $1 million. Custom homesites in The Ridges are priced from the $400,000s. Luxury apartment homes offer monthly rents starting from the $900s. Visit www.summerlin.com for more information.

About The Howard Hughes Corporation®
The Howard Hughes Corporation owns, manages and develops commercial, residential and mixed-use real estate throughout the U.S. Our properties include master planned communities, operating properties, development opportunities and other unique assets spanning 16 states from New York to Hawai‘i. The Howard Hughes Corporation is traded on the New York Stock Exchange as HHC and is headquartered in Dallas, TX. For additional information about HHC, visit www.howardhughes.com.

Safe Harbor Statement
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