The award-winning, top-selling master planned community (MPC) of Summerlin® continued its remarkable, decades-long trajectory in 2023, capping off another year of milestone development.
Within the community’s residential sector, 2023 saw the opening of six new neighborhoods offering dozens of new floorplans and the close-out of eight neighborhoods. At Downtown Summerlin®, the community’s dynamic urban center, 2023 brought the celebrated opening of 1700 Pavilion, a ten-story Class-A office building that by year-end was 90 percent leased; the opening of Tanager Echo, a new luxury apartment building with nearly 300 residences; and the announcement of a new retail center on the northwest corner of Sahara Ave. and Town Center Dr. anchored by a new Whole Foods Market that is currently under construction.
Summerlin, which is expected to retain its long-held position as one of the country’s best-selling MPCs, experienced strong home sales fueled by the opening of new neighborhoods during 2023, most of which are in Summerlin West in the growing districts of Redpoint, Redpoint Square, Kestrel, and Kestrel Commons. Those neighborhoods include Cordillera by Toll Brothers, Vertex by Tri Pointe Homes, Osprey Ridge by Richmond American, Vireo by Woodside Homes, and Quail Cove by KB Home. Ascension, a new neighborhood taking shape in Summerlin’s newest village, The Peaks, located near Town Center Dr. and Tropicana Ave., is a combined development of Toll Brothers and Pulte that began sales in late 2023.
In addition to adding new neighborhoods, new home sales in Summerlin remained strong. For active adults aged 55+, new model homes opened for the Cromwell collection at Heritage by Lennar in Stonebridge village; and in Summerlin South, new home opportunities are beginning to dwindle at Trilogy by Shea Homes. An additional eight neighborhoods are nearing final inventory – Arroyo’s Edge, Overlook and Kings Canyon by Tri Pointe Homes, The Arches by Lennar, Acadia Ridge by Toll Brothers, Carmel Cliff by Pulte Homes, Obsidian by Woodside, and Crested Canyon by Taylor Morrison.
During 2024, Summerlin anticipates the opening of five new neighborhoods plus a scattering of parks and open space in Summerlin West, as well as models opening at Ascension in The Peaks village. Additionally, development will begin in Summerlin’s newest village, Grand Park, situated along the western edge of Summerlin’s Redpoint and Kestrel districts. It is aptly named for its central gathering place – a truly grand park planned for the heart of the village surrounded by new neighborhoods intertwined with open space. Grand Park willfeature timeless architecture inspired by traditional American styles – both classic and modern – with a dash of eclectic from Summerlin’s prestigious line up of builders.
“While Summerlin new home sales sustained strong momentum in 2023 despite a softening market due to rising interest rates, Downtown Summerlin also continued to shine as the community’s central gathering place and a dynamic destination offering Class-A office, luxury rental apartment homes, shopping, dining, and professional sports,” said Frank Stephan, President, Nevada Region for Howard Hughes. “2023 was no exception for Downtown Summerlin underscored by strong visitation, robust leasing demand within retail and office sectors, and continued expansion of new retail at the corner of Sahara Blvd. and Town Center Drive.”
Downtown Summerlin’s retail offerings expanded in 2023 with the addition of ten new brands, including notables such as Fine Company, Abercrombie & Fitch, Mothership Coffee Roasters, Oba Boba, Dance Dynamics Performance Center, Pharmacy Boardshop, and Ethel M Chocolates.
Helping to drive Downtown Summerlin’s annual visitation during 2023 were major events, including the annual Summerlin Festival of Arts, which celebrated its 27th year by expanding to a three-day event in October, along with the destination’s popular seasonal parades: Lunar New Year; Halloween Parade of Mischief; Lei Day Parade marking Asian Pacific American Heritage Month, and Holiday.
2023 also marked progress momentum on Meridian, a new Class-A office campus in Summerlin South offering high visibility near the 215 Beltway in the popular southwest sub-market. The project includes two three-story buildings, each spanning 73,500 square feet and connected by a first-floor lobby. It is slated for completion during Q1 2024.
And finally, Howard Hughes, developer of Summerlin, continued to work closely in 2023 with Summerlin Master Associations and the Summerlin Council to support the ongoing initiative to remove non-essential grass throughout the community, consistent with valley-wide water conservation efforts. To date, more than 550,000 square feet encompassing 12-plus acres of grass have been removed, saving approximately 30 million gallons of water annually.
Now in its 34th year of development, Summerlin offers more amenities than any other Southern Nevada community. These include ten golf courses; 26 public, private and charter schools; a public library and performing arts center; Summerlin Hospital Medical Center; more than a dozen houses of worship representing multiple faiths; office parks; neighborhood shopping centers; and, of course, Downtown Summerlin®, offering fashion, dining, entertainment, Red Rock Resort, office buildings, City National Arena, home of the Vegas Golden Knights National Hockey League practice facility, and Las Vegas Ballpark®, a world-class Triple-A baseball stadium and home of the Las Vegas Aviators®.
In total, Summerlin currently offers over 100 floorplans in nearly 20 neighborhoods throughout eight distinct villages and districts. Homes, built by many of the nation’s top homebuilders, are available in a variety of styles – from single-family homes to townhomes, priced from the $400,000s to more than $1 million. For information on all actively selling neighborhoods, visit Summerlin.com. Before you visit, call the builders to check on hours of operation. Phone numbers for each neighborhood are on Summerlin.com.