The $850 million Village at Queensridge mixed-use development at Rampart Boulevard and Alta Drive will take shopping and dining in western Las Vegas to a new level, executive Frank Pankratz said Wednesday as he roamed the 30-acre construction site.
Executive Home Builders, known for the Queensridge custom home community and now One Queensridge Place luxury condominium towers, will bring the same quality expectations to the village, which is scheduled to open in spring 2009, Pankratz said.
The podium foundation has been constructed for the first of 18 buildings. The steel-and-concrete frame will support retail and residential building on top with covered parking beneath the structure.
The Village at Queensridge will have 700,000 square feet of retail space, including 120,000 square feet of restaurants, and 3,500 underground parking spaces. Grand Lux Café, Zefferino’s and Mastro’s Steakhouse are among the restaurants that have already signed leases.
Village Road Show of Australia is building a 36,000-square-foot, eight-screen theater with reclining Lear jet-style seats. A residential component is planned for 340 condos on top of retail, similar to The District at Green Valley Ranch Resort.
The site required $5 million in infrastructure work to divert water from a drainage channel into a reinforced concrete box culvert, said Pat Henderson, president of Hardstone Construction. The general contractor is a subsidiary of Executive Home Builders. Another $5 million was spent on 35 feet of mass excavation for the parking garage.
Hardstone has worked on the project for more than 400 days without a lost-time injury, he said. About 170 workers are on site daily and that number will ramp up to more than 1,000 at the height of construction.
“There’s an industrywide challenge that exists in Clark County to get top-quality labor while competing with other major construction projects for the same labor pool,” Henderson said. “We think we’ve been successful with the manpower we accumulated in various trades. They’re top performers.”
IDB, the Israeli investment group behind the Frontier hotel acquisition on the Strip, is a partner with Executive Home Builders on both One Queensridge Place and Village at Queensridge.
LAND LOAN: Goldwater Capital Nevada provided a $2.56 million first trust deed loan to Arizona Acreage, owned by Leonard and Susan Mardian. The 12-month, 13 percent loan is for 640 acres of land being developed as a master-planned community in White Hills, Ariz.
PORTER STREET: North Las Vegas is naming a new street for Irene Porter, executive director of the Southern Nevada Home Builders Association.
Irene Porter Street signs were dedicated Thursday in Desert Wind Home’s Centennial Crossing subdivision on Centennial Parkway, west of Simmons Street.
Porter, a native of Fargo, N.D., came to Las Vegas in 1954 when her father was transferred to Nellis Air Force Base. She is a graduate of Rancho High School.
BOARD DISCIPLINE: The Nevada State Contractors Board found American Premiere Homes and Development and T&R Painting and Drywall, both from North Las Vegas, in violation of NRS 624 for substandard workmanship and failure to take appropriate corrective action. They were fined $1,500.
Also, the board summarily suspended licenses for Maya LLC, doing business as Avante Homes; RL Homes; and Whitewater Pools of Las Vegas. Multiple money-owing complaints were received on each company.
Contact reporter Hubble Smith at email@example.com or 702-383-0491.MILLION-DOLLAR HOME SALES
Luxury Homes of Las Vegas reported the following million-dollar home sales last week:
$4.75 million, 3 bedroom, 4.5 bath, 5,152 square feet, three-story penthouse, 43rd floor, Strip, city and mountain views, outdoor kitchen, terrace, spa, wet bars, Sky Las Vegas.
$5.8 million, 4 bedroom, 6.5 bath, 9,913 square feet, single-story, corner lot, 2,500-square-foot basement, furnished, theater, wine cellar, aquarium, The Ridges.
$6 million, 7 bedroom, 10.5 bath, 16,680 square feet, privately gated estate on 1.5 acres, 10-car garage, elevator, bilevel theater, 26 televisions, 3,000-square-foot master wing, Southwest.
$1.46 million, 4 bedroom, 4.5 bath, 3,823 square feet, Red Rock Country Club Courtyard with fountain, casita,, gourmet kitchen, built-ins.
$1 million, 4 bedroom, 3.5 bath, 4,374 square feet, half acre, cul de sac, 16-head shower and hydro tub, Southwest.
$3.1 million, 6 bedroom, 6.5 bath, 9,000 square feet, casita, theater, wine cellar, laundry rooms, six-car garage, Southern Highlands.
$4.3 million, 7 bedroom, 8.5 bath, 11,460 square feet, 1.2-acre lot, guest house, Anthem Country Club.
$3.38 million, 5 bedroom, 5.5 bath, 8,329 square feet, Strip, golf and mountain views, Seven Hills.