Developers submit plans for Mountain’s Edge projects

By Dylan Scott

Thursday, July 29, 2010 | 4:56 p.m.

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.