Summerlin reports increase in home sales
January 10, 2016 - 5:05 am
The Howard Hughes Corp., developer of Summerlin, celebrated major milestones for the master-planned community in 2015, most notably the 25th anniversary of the commencement of development.
The year was highlighted by the opening of The Cliffs, the community's first new village in nearly 12 years; the one-year anniversary of Downtown Summerlin — a 106-acre fashion, dining and entertainment destination and the first phase of a planned urban village; the opening of eight neighborhoods by six home builders; and more than 600 new home sales, up nearly 40 percent year-over-year.
In terms of new home sales, the community ranked No. 6 nationally among best-selling master-planned communities, up from No. 15 in 2014, according to national real estate consultant RCLCO. Summerlin is the highest-ranking Nevada master-planned community and one of only two in Nevada to make the list. For a full report, visit rclco.com.
"Twenty-five years into development, Summerlin is home to more than 100,000 residents and continues to evolve and take shape true to its original vision as Southern Nevada's premier community," Summerlin president Kevin T. Orrock said. "The community's thoughtful and strategic evolution has helped Summerlin maintain both its relevance and appeal for more than a quarter century — a remarkable achievement by any measure. This year, we had much to celebrate, and we expect 2016 to be no different."
At year-end 2015, Summerlin offers 18 new neighborhoods selling more than 80 floor plans by homebuilders Christopher Homes, KB Home, Lennar, Pulte Homes, Richmond American Homes, Ryland Homes, Toll Brothers, William Lyon Homes and Woodside Homes. New neighborhoods opening in 2015 included luxury townhomes as well as production and semi-production, single-family homes as large as 5,900 square feet.
Neighborhoods scheduled to open in 2016 include a second custom-home neighborhood in The Ridges village along with five additional neighborhoods in The Cliffs and The Ridges villages.
Other 2016 highlights include:
• Regency by Toll Brothers — Summerlin's newest age-qualified community will bring a new model of active adult luxury to the area with more than 425 single-family homes ranging from 1,600 to 2,400 square feet. The staff-gated community will feature an active lifestyle created by walking trails and an amenity center spanning more than 16,000 square feet. The center will house an indoor lap pool and outdoor resort-style pools; tennis, pickle ball and bocce ball courts; a clubhouse; and social programming that includes classes, events and gatherings.
• The Constellation — Downtown Summerlin's first residential development will begin leasing its 124-unit luxury apartment homes in early 2016. A joint venture of The Calida Group and The Howard Hughes Corp., the gated complex offers one- and two-story floor plans with private garages, lofts, dry bars and roof-top decks. Resident amenities include Wi-Fi throughout, state-of-the-art fitness center, club room with bar, game lounge, spa with tanning services and resort-style pool with an outdoor barbecue area and pool-side cabanas.
• The Summit — Continuing to unfold is this joint venture of Discovery Land Co. and The Howard Hughes Corp. Located south of The Ridges, The Summit is Summerlin's newly named 21st village and is poised to become Nevada's most exclusive resort-style residential community. Plans for this guard-gated, 555-acre, golf course, resort community include a range of luxury living environments from custom homes on lots as large as 2 or 3 acres to world-class villas, all on a private Tom Fazio-designed 18-hole course. Construction has begun, with lot and villa sales expected to begin closing this year, and the first move-ins, along with course completion, in 2017.
A variety of new community amenities are also slated to roll out this year:
• Vistas Community Center: Located in the Vistas Park on Park Vista Drive, Summerlin's fourth community center will open during the first quarter this year and feature an outdoor pool with a slide and a child's lagoon. The center, for the exclusive use of Summerlin residents and their guests, houses meeting and event rooms.
• Aquatic Center: A 24,940-square-foot facility, this new center in The Cliffs village includes a junior Olympic-size pool, a second, 9-foot-deep pool; an 1,800-square-foot "therapy" pool; men's and women's locker rooms; and meeting room. Upon completion, The Howard Hughes Corp. will deed the facility to Clark County for public use.
• Charter school: A public kindergarten through ninth grade charter school is set to open in the fall near Alta Drive and Sky Vista Drive.
• Elementary school: A new public elementary school built by the Clark County School District is planned for The Paseos. It is scheduled to open for the 2017-18 school year.
For more information about Summerlin's newest homes and amenities, visit Summerlin.com or download the new home finding app by searching "Summerlin" in your app store.