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StumbleDevelopers submit plans for Mountain’s Edge projects
Thursday, July 29, 2010 | 4:56 p.m.
Sun Coverage
Beyond the Sun
Mountain’s Edge has recently suffered lagging sales during the housing bust that has crippled Las Vegas’ market, but the master-planned community received some rare good news Wednesday when four developers submitted plans for new projects to the Enterprise town board.
The board approved applications by Richmond American Homes, William Lyon Homes, KB Homes and Pulte Homes to begin major developments within Mountain’s Edge, which is located in the southwest valley. The quartet will take their plans to the county commissioners on Aug. 17 for final approval.
Sales at Mountain’s Edge, the No. 1 selling community in the U.S. in 2007 and 2008, have dropped from 2,300 in 2005 to 600 in 2009. For sale signs have popped in many of the undeveloped lots.
The community’s sales seems to be recovering gingerly—450 homes have been closed this year—but these four companies’ plans show some of the surest signs yet that its market will recover.
Monterey Ranch, the development by Richmond American Homes, will put about 550 homes on 77 acres, bordered by Buffalo Drive and Erie Avenue. The plan is laid over the remnants of a DR Horton community, which the homebuilder abandoned and then sold. The design will incorporate the present infrastructure.
KB Homes and William Lyon Homes will build villages with 340 homes on 45 acres and 140 homes on 25 acres, respectively. Both developments are generally located near Erie Avenue and Tenaya Way.
The Pulte Homes design laid out 230 lots on 35 acres on Rainbow Boulevard near Mountain’s Edge Parkway.
Several current Mountain’s Edge residents peppered the applicants with questions about parking and green spaces, and all four assured them that the new developments would comply with the master-planned community’s standards.
Construction on the projects is expected to begin shortly after the county commissioners hearing.
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When will Rainbow Blvd go through all the way to Starr?
There should be no more building permits issued until all of the empty homes are sold. All that is accomplished it driving down the valley economy even more.
There should be no new permith issued until there is water to support the rest of the valley.
Yes, please finish Rainbow to Starr. Please, I'm tired of driving an extra two miles each way, everyday for that detour. Four and a half years, now. That's 1,040 miles a year. Please finish it.
Here we go again.You know, when I get burnt...I don't get burnt a 2nd time.Maybe,just maybe they should GET RID of what they have before banging another nail into the coffin.
Why are we building more homes when all we hear about is record foreclosures, street after street of empty homes, and people leaving Las Vegas?
Will these homes be priced from the low 60's? How can any builder build a home in this area right now with all the inventory and the UE rate?
Is this all Vegas knows how to do is build homes.
Why not afew factories,put people to work long term not short term.
Stop building homes,we have a water and ele. shortage.
Be very careful of purchasing New Construction in a declining housing market. Be careful of low cost construction and materials; your maintenance cost could become astronomaical and you may live in a future slum. Some A/C's have a 4-6 Year life expectation. Get a materials list of every item that goes into the house - and use the internet to check it out. Insist on your own home inspector and I would use one ASHI certified. Use Realtors with CRS certifications (only 5% have them) to assure some basic competence.
I don't sell real estate in NV - I did in Washington DC(VA), NC and SC.
is there still going to be the northern alignment highway that cuts through the Rancho Drive LLC (Siegfried and Roy property and also affecting other land owners?) Did that ever get settled or is it still being fought? I have a friend who is considering buying a home quite near the S&R compound and is worried about this proposed highway cutting thru.