LAS VEGAS—The Howard Hughes Corporation has revealed plans for the first multi-family residential development in the 400-acre Downtown Summerlin in the heart of the company's Summerlin master-planned community.

A joint venture of The Howard Hughes Corporation and The Calida Group, the 124-unit, gated luxury apartment complex is expected to begin construction this fall with a projected spring 2015 opening. Situated on nearly 4.5 acres adjacent to the premier, 1.6 million-square-foot, upscale retail destination opening later this year in Downtown Summerlin, residents will enjoy the ultimate in urban living given the enviable amenities and dynamic shopping, dining and entertainment options just steps away.

The luxury development will boast a contemporary architectural design in keeping with overall plans for Downtown Summerlin. The three-story, 170,000-square-foot multi-family project will feature spacious one-, two- and three-bedroom homes ranging from approximately 1,000 to 2,040 square feet. Exclusive amenities for residents include: a state-of-the-art fitness center; a spa with tanning services, on-call masseuse and aesthetician; and a resort-style pool with an outdoor BBQ area and pool-side cabanas. Third-floor homes include 20-foot ceilings along with a private walk-up to a mezzanine level and a fourth-story rooftop deck. Some residences also include attached garages.