Herb Jaffe: New-home sales could top 1,000 in Summerlin this year

You can’t say enough about Summerlin.

Sure, it’s one of the most successful master-planned communities in the country, just as it has been for 27 years. Certainly many view it as the jewel of developer Howard Hughes Corp., which maintains properties in 14 states, from New York to Hawaii.

That in itself is a major achievement for the company established by legendary eccentric Howard Hughes. And that brings up another noteworthy event. Some might say no land deal compares to the one Hughes made two-thirds of a century ago with the federal government, when he purchased what was then a desert wasteland for relative peanuts, with the intent of building a gigantic testing airport.

But things changed in a hurry, especially when visionaries realized the property lay at the foothills of picturesque Red Rock Canyon. And it didn’t take long for them to discover the breathtaking views from what has become Summerlin — named for Hughes’s grandmother — and particularly from some of its highest points.

There have been many Summerlin groundbreakings of note in recent years, but development in the increasingly popular community may have taken a new twist in recent months. There’s the distinct probability that more than 1,000 new homes will have been sold in Summerlin just in 2017.

Indeed, in every respect, Summerlin has become the embodiment of suburbia in an otherwise-urban city.

According to a report issued by national real estate consulting firm RCLCO, 470 new homes were sold in Summerlin during the first six months of this year. When you look at the full picture, you might find that was just for starters.

The folks at Howard Hughes Corp. couldn’t be more delighted with the potential for rapidly developing the remaining 6,000 or so raw acres of the 22,500 acres that make up Summerlin.

“From Reverence on Summerlin’s northernmost boundary to The Cliffs village on the south, Summerlin has never offered such a wide range of housing as it does today,” said Kevin T. Orrock, president of Summerlin.

There has been a multitude of new home sales throughout the year in this section of the city that sits on the western rim of the valley. But the big thrust came with the opening June 10 of Reverence Village, a 300-acre development.

As an example of the public’s growing fondness for Summerlin, what will become a 930-home development high above most of the area, the Reverence project, under construction by Pulte Homes, drew more than 2,500 prospective homebuyers during its first weekend. In its first three weeks, 51 homes were sold in Reverence.

Five more new-home neighborhoods are expected to have sales openings in Summerlin before year’s end. One is Nova Ridge in Cliffs Village, a Pardee Homes development that also sits on an elevated hillside. Nova Ridge is scheduled to open in September.

“We anticipate strong sales of new homes to continue in Summerlin throughout the remainder of the year,” Orrock said.

So what has happened to bring about all of this positive activity?

For one thing, the major economic downturn of a few years ago has since evolved into a major economic upturn. Few people were looking for new home mortgages at a time when banks were overwhelmed by floods of foreclosures.

For another , the completion of two vital roads — Summerlin Parkway and the 215 Beltway – has created the most direct paths to Summerlin.

But Orrock put his finger on still another factor when he said, “We are excited about the continuing evolution of Downtown Summerlin, the community’s urban core.”

Herb Jaffe was an op-ed columnist and investigative reporter for most of his 39 years at the Star-Ledger of Newark, New Jersey. His most recent novel, “Double Play,” is now available. Contact him at hjaffe@cox.net.

ad-high_impact_4
Local
New York artist Bobby Jacobs donated a sculpture to the Las Vegas Healing Garden
Bobby Jacobs, an artist from upstate New York, has spent much of the past year creating a sculpture of two separate angel wings. He donated the sculpture to the Las Vegas Healing Garden. (Bizuayehu Tesfaye/Las Vegas Review-Journal) @bizutesfaye
Weather will cool slightly through the end of the week
The weather will cool slightly through the end of the week., but highs are still expected to be slightly above normal for this year. (Bizuayehu Tesfaye/Las Vegas Review-Journal) @bizutesfaye
Mayor announces new public-private partnership
Mayor Carolyn Goodman announced the creation of the Mayor’s Fund for Las Vegas LIFE, a public-private partnership that will allocate money to the city’s neediest.
Fremont9 opens downtown
Fremont9 apartment complex has opened in downtown Las Vegas. (Marcus Villagran/Las Vegas Review-Journal) @marcusvillagran
Fall fairytale gets cozy at Bellagio Conservatory
Bellagio Conservatory introduces its fall-themed garden titled "Falling Asleep." (Marcus Villagran/Las Vegas Review-Journal) @marcusvillagran
What the house that Ted Binion died in looks like today
Casino heir Ted Binion died in this Las Vegas home in 1998. Current home owner Jane Popple spent over $600,000 to restore and modernize the home. (Marcus Villagran/Las Vegas Review-Journal) @marcusvillagran
Rescue Mission employees terminated
Don James, a former employee for the Las Vegas Rescue Mission, talks about the day his team was terminated. (Erik Verduzco/Las Vegas Review-Journal)
Raiders Cupcakes at Freed's Bakery
Freed's Bakery will have Raiders-themed cupcakes available in store and for order during football season. (Marcus Villagran/Las Vegas Review-Journal) @marcusvillagran
51s fans say goodbye to Cashman Field
Las Vegas 51s fans said goodbye to Cashman Field in Las Vegas, Monday September, 3, 2018. (Marcus Villagran/Las Vegas Review-Journal) @marcusvillagran
51s owner Don Logan's last weekend at Cashman Field
Don Logan, owner of the Las Vegas 51s, gives a tour of Cashman Field before the team's final weekend using the field. (Marcus Villagran/Las Vegas Review-Journal) @marcusvillagran
Metro Asst. Sheriff Brett Zimmerman on Aug. 8 officer-involved shooting
Metropolitan Police Department Assistant Sheriff Brett Zimmerman met with media Monday to discuss the details of the 14th officer-involved shooting of the year. (Madelyn Reese/ Las Vegas Review-Journal)
Matt Kelly Elementary School hosted its third annual Back-to-School Red Carpet Program
Matt Kelly Elementary School hosted its third annual Back-to-School Red Carpet Program where community and business leaders joined to welcome students back with an inspirational welcome. Bizuayehu Tesfaye/Las Vegas Review-Journal @bizutesfaye
Star Trek fans on show’s enduring popularity
Star Trek fans at the Star Trek Convention 2018 talk about why they think the show has stayed popular across the years Thursday, August 2, 2018. (Marcus Villagran/Las Vegas Review-Journal) @brokejournalist
Nonprofit provides clothing for homeless
Sydney Grover of Can You Spare A Story?, talks about how she founded the non-profit organization. (Marcus Villagran/Las Vegas Review-Journal)
Family remembers deceased mother
Family members of Adriann Gallegos remember her. (Marcus Villagran/Las Vegas Review-Journal) @brokejournalist
Camp Broadway teaches kids how to sing and dance
The Smith Center's seventh annual Camp Broadway musical theater program gives 150 kids ages 6-17 an opportunity to learn musical theater skills from industry professionals over a five-day period. Marcus Villagran/ Las Vegas Review-Journal @brokejournalist
Restoring classic Corvettes to perfection
Members of the National Corvette Restorers Society Convention talk about what it takes to earn the NCRS Top Flight Award for a restored Corvette at South Point in Las Vegas on Tuesday July 17, 2018. (Marcus Villagran/Las Vegas Review-Journal) @brokejournalist
Watch Ruthless! at Las Vegas Little Theatre
The musical Ruthless! will be playing at Las Vegas Little Theatre from July 13-29. (Marcus Villagran/Las Vegas Review-Journal) @brokejournalist
Cadaver art and sword swallowing at The Dark Arts Market
Curator Erin Emrie talks about her inspiration for The Dark Arts Market at Cornish Pasty Co. in Las Vegas Tuesday, July 10, 2018. (Marcus Villagran/Las Vegas Review-Journal) @brokejournalist
'NO H8' Campaign comes to Las Vegas
Hundreds of locals participate in the NO H8 campaign founded by Adam Bouska and Jeff Parshley as a response to Proposition 8, a California ban on same-sex marriage. The campaign has since evolved to represent equal treatment for all. (Marcus Villagran/Las Vegas Review-Journal) @brokejournalist
What to expect at Station Casinos' Fourth of July celebration
Station Casinos' is hosting its annual 4th of July celebration with Fireworks by Grucci. Fireworks scheduled to go off on Wednesday, July 4 around 9 p.m. at Green Valley Ranch Resort, Red Rock Resort, Fiesta Rancho and Texas Station. (Marcus Villagran/Las Vegas Review-Journal) @brokejournalist
Star Wars and Golden Knights mashup at downtown art shop
Star Wars and Vegas Golden Knights fans attend the Boba Fett Golden Knight Paint Class at The Bubblegum Gallery in Las Vegas, Friday, June 29, 2018. (Marcus Villagran/Las Vegas Review-Journal) @brokejournalist
Tourists and locals enjoy Independence Day fireworks at Caesars Palace
Hundreds of tourists and locals gaze at the Independence Day fireworks show at Caesars Palace on Saturday, June 30, 2018. (Marcus Villagran/Las Vegas Review-Journal) @brokejournalist
TOP NEWS
News Headlines
Herb Jaffe Video
Add Event
Home Front Page Footer Listing
Circular
You May Like

You May Like