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Dirt Moves for Park Highlands Development

LAS VEGAS-About 10% of the 2,675-acre master planned community in North Las Vegas will be set aside for commercial development.

By Brian K. Miller | Updated on January 04, 2007

LAS VEGAS-One year after bidding $639 million for 2,675 acres along the Interstate 215 Beltway and Aliante Parkway, Olympia Group this week broke ground for Park Highlands, the planned community it has designed for the property. In addition to some 16,000 housing units, 430-acres of parks and nature preserve, six schools and other public facilities, 250 acres has been set aside for commercial development, a source with the company tells GlobeSt.com.

In addition to the cost of the land, Olympia expects to invest a few hundred million dollars in infrastructure (water, sewer, power, roads, etc.). The first model residential units should be completed by the end of 2007. The builders include American West Homes, Astoria Homes, D.R. Horton and Standard Pacific Homes. The residential units will include both low-density and high-density product, including condominiums. The commercial component will be anchored by a regional commercial center.

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