Monday, November 3, 2014

The Constellation to be Home to Downtown Summerlin’s First Residents by End of 2015

Downtown Summerlin Map Overview

LAS VEGAS (November 3, 2014) - On the heels of the spectacular October 9th opening of Downtown Summerlin®, The Howard Hughes Corporation® (NYSE: HHC) announced today plans to begin construction by year-end on Downtown Summerlin’s first residential development, The Constellation.  A 124-unit, gated luxury rental residence complex, The Constellation is a joint venture of The Howard Hughes Corporation and The Calida Group. The multifamily community is expected to be complete in one year with the first residents moving in during the fourth quarter of 2015. Pre-leasing will commence next summer.

The luxury development will boast a contemporary architectural design in keeping with Downtown Summerlin’s upscale, modern and vibrant aesthetic.

The three-story, 170,000-square-foot multifamily project will feature spacious one- and two- bedroom homes ranging from approximately 1,000 to 2,040 square feet. Exclusive resident amenities include: state-of-the-art fitness center; spa with tanning services, on-call masseuse and aesthetician; and resort-style pool with an outdoor BBQ area and pool-side cabanas. Third-floor homes include 20-foot ceilings along with a private walk-up to a mezzanine level and a fourth-story rooftop deck. Some residences also include attached garages.

The luxury development is named for the Constellation, a then state-of-the-art, four-engine airliner built by Lockeed and financed by Howard Hughes for Trans World Airlines between 1943 and 1958. It is situated on nearly 4.5 acres at Griffith Peak and Town Center Drive adjacent to Downtown Summerlin’s 106-acre, 1.6 million-square-foot shopping, dining and entertainment district that opened to valley-wide acclaim earlier this month. Residents of The Constellation will enjoy the ultimate in urban living given the enviable amenities and numerous retail, restaurant and theater options just steps away. 

“We are inundated with requests for information about residential living opportunities in Downtown Summerlin given Southern Nevadans’ over-the-top enthusiasm and interest in being part of such an exciting destination,” said Kevin T. Orrock, President of Summerlin for The Howard Hughes Corporation.  “We are thrilled to begin construction on Downtown Summerlin’s first residential development to help meet that demand and look forward to welcoming residents later next year. And we are pleased to collaborate with The Calida Group, a national developer whose well-established reputation for world-class, quality construction and design makes the company an ideal fit for this first project.”

According to Julie Cleaver, Vice President of Planning & Design for Summerlin, while Downtown Summerlin is poised to become a top fashion, dining and entertainment destination for valley residents, it is also being carefully and thoughtfully planned to accommodate a variety of multifamily developments that appeal to multiple generations - from Millennials seeking convenience and immediate access to amenities to Baby Boomers looking to downsize, simplify and better accommodate travel and a more active lifestyle. 

“The Calida Group is committed to creating an entire lifestyle, not just a place to live,” said Eric Cohen, Managing Director of The Calida Group. “We are thrilled to partner with one of the country’s premier master planned community developers to build Downtown Summerlin’s first residential project. Our communities boast impeccable service, modern interior designs and highly desirable locations, and The Constellation will be no exception.”