Saturday, March 12, 2016

NEW YORKERS MOVE TO SUMMERLIN® TO PURCHASE FIRST HOME

When Richard Racanelli decided to move his dental practice from New York City to Las Vegas, he and his wife Jennifer determined the master-planned community of Summerlin® was the best place to live in Southern Nevada.

“We did the research and it easily pointed to Summerlin as the best place to be for so many reasons,” said Richard, who first rented a townhouse in Summerlin’s exclusive guard-gated Ridges village while he set up his dental practice, Stunning Smiles of Las Vegas, in the southwest part of town.  

When William Lyon Homes opened the upscale Sterling Ridge neighborhood a year later, Richard, Jennifer, and then infant son, Luca, made the move. “The timing was perfect. We knew we wanted to buy a new home in Summerlin.  We already loved the community, loved The Ridges and the view of the mountains. Sterling Ridge was perfect for us,” he said. It was the only neighborhood they visited and they immediately said yes.

Sterling Ridge features two distinct luxury home products with six floor plans. The Grand Collection’s three floor plans range from 3,500 to 4,100 square feet and are currently priced from the high $800,000s. The Premier Collection floor plans range from 3,700 to 4,800 square feet and now start at $1.2 million. The two collections offer three to five bedrooms, up to five-and-one-half baths and three-bay garages.

The Grand Collection’s three floor plans offer such features as a separate master retreat, guest suite, exercise room, interior courtyard, front and rear deck and covered veranda. Stunning architectural detail includes multi-sliding glass doors that connect indoor living with outdoor lounge spaces, foyers, vestibules, and horizontal, multi-tiered windows that add to the lean, sleek look and feel of the floor plans’ contemporary designs.

The Premier Collection at Sterling Ridge is a place where luxury and design combine to create a sophisticated and stunning environment. Three floor plans, including one single-story home, offer spacious layouts and the opportunity for owners to define their living space with options such as a guest suite, multigenerational bedroom, downstairs master bedroom suite and covered veranda.

Homeowners in The Ridges have exclusive access to Club Ridges, the village’s 9,000-square-foot, state-of-the-art fitness facility. Downtown Summerlin®, the 106-acre fashion, dining and entertainment destination located in the heart of the community is just minutes away and, The Ridges is in close proximity to the 215 beltway, providing residents with easy access to McCarran International Airport and the Las Vegas strip.

After a life of apartments and townhomes in New York, the Racanellis moved into their very first single-family home in November, 2014 - an exquisite 4,200 square-foot, four bedroom and four-and-one-half bath, single family home at Sterling Ridge.

“It was really nice building a highly personalized home by William Lyon,” said Jennifer, who works from home as an internet marketing specialist. “Everything is our own style, to our own taste, which just adds to the fact that we absolutely love this neighborhood! Rich and I frequently go to Club Ridges for yoga class and Luca takes swim lessons there. And Summerlin overall has so much to offer. We enjoy the parks; Luca attends pre-K at Temple Beth Shalom; and we all love spending time at Downtown Summerlin. We never considered living anywhere else.”

For more information about Sterling Ridge, visit Summerlin.com or download the new home finding app by searching “Summerlin” in your app store.

PHOTO CAPTION: Summerlin’s Sterling Ridge neighborhood by William Lyon Homes in the exclusive Ridges village was the perfect place for New Yorkers Jennifer and Richard Racanelli to purchase their very first home and raise their son Luca.

About Summerlin

Developed by The Howard Hughes Corporation, Summerlin began to take shape in 1990 and has ranked in the country’s top 10 best-selling master-planned communities for nearly two decades. Located along the western rim of the Las Vegas valley, Summerlin encompasses 22,500 acres with approximately 7,000 gross acres still remaining to accommodate future growth, including infrastructure, open space and common areas, all 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 $200,000s to more than $2.5 million. For information on custom homesites in The Ridges please call 702.255.2500. 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 with major offices in New York, Columbia, MD, Dallas, Houston, Las Vegas and Honolulu. For additional information about HHC, visit www.howardhughes.com, or find us on Facebook, Twitter, Instagram, and LinkedIn.                          

Safe Harbor Statement

Statements made in this press release that are not historical facts, including statements accompanied by words such as “will,” “believe,” “expect,” “enables,” “realize”, “plan,” “intend,” “assume,” “transform” and other words of similar expression, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s expectations, estimates, assumptions, and projections as of the date of this release and are not guarantees of future performance. Actual results may differ materially from those expressed or implied in these statements. Factors that could cause actual results to differ materially are set forth as risk factors in The Howard Hughes Corporation’s filings with the Securities and Exchange Commission, including its Quarterly and Annual Reports. The Howard Hughes Corporation cautions you not to place undue reliance on the forward-looking statements contained in this release. The Howard Hughes Corporation does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the date of this release.