Las Vegas Sun NewsResidential developer buys 208 acres in North Las Vegas
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21 December 2012
3:28 p.m.
A Southern California residential developer has acquired 208 acres in North Las Vegas. SunCal bought the property near North Decatur Boulevard and Elkhorn Road this week for $19.8 million, the company said Friday. The previous owners had graded the property and installed water and power utilities but did not build any homes, SunCal spokesman Joe Aguirre said. The company plans to seek revised entitlements for the property, which is already approved for up to 1,828 residential units, he said. Like Summerlin’s Howard Hughes Corp., SunCal develops master-planned communities by selling large swaths of land to home builders. Based in Irvine, ...
That works out to $10,831 initial cost per approved residential unit.
Someone is going to make a lot of money on this deal.
There is that much empty land in that area?? It was crowded and built up 4 years ago.
This will fill in a huge part of open land heading to the Clark County Shooting Range. Please design Larger Lots and do not make it look like Henderson with miles of Ugly Strip Centers congesting Traffic everywhere. Planning in the Valley (Except Summerlin) has been in short supply and North Las Vegas Money woes should not be allowed to embolden developers to throw up anything.
Approx. 8.74 units per acre! How's that for congestion. But then again they did say REVISED.