OK, not a big surprise, I KNOW! Everyone KNOWs about the high rises that are being built on the Las Vegas strip. Those are being marketed to appeal to vacation property or second property home buyers! It really doesn't have much appeal to the average person who lives and works here. The price tag involved is a big turn off too!
Most of the highrise developments that are being built are mixed use developments. This means that you can stay, eat, shop and work in the same building. This concept is new to us but not new to NYC or LA.
One of the most successful mixed use developments off strip is The District at Green Valley Ranch. It is eclectic, cultural and appealing to the locals. I am seeing signs pop up all over town for mixed use developments. I personally love "The District" so I hope they are just as beautiful and well planned!
The other types of Las Vegas New Construction trends in high density housing you are NOT seeing are the patio
homes, three story homes and regular condominium/townhome developments. Builders are using the most of their available land to provide affordable housing solutions for the entry level market.
These high density single family solutions are packed in pretty tight and most provide a small yard (patio sized, hence the name!) and community amenties for roaming such as a park, community pool, spa, etc. Some are even being built ultra urban style with roof top decks! Couple that with balconies and your patio sized backyard and you have a decent amount of outdoor living space on each level!
The higher density homes just entered our market on a larger scale during our boom (2003/2004) and when it became apparent that we would have to make the most of a scarce resource we don't have much of ~ Land!
For more information on high density solutions for entry level buyers, Las Vegas area patio homes, three story homes, mixed use developments, condominiums, townhomes or high rises please contact:
Renee Burrows at 702-580-1783 or email: Renee@ReneeBurrows.com
Renee - great job on the community posts. Lots of info, great pics. Bet you are getting terrific readership (even without the comments allowed). Always interesting to hear what the folks in the know have to say vs. the media. :)
Jeff
great pics... with such growth it is hard not to go up rather than out
I think down here, there are forces moving against going up rather than out which defeats the ability to truly create affordability...
Maggie: Thanks :)
Nick M: They sure are getting packed! The trend for three stories doesn't stop at entry level. There are some luxury (over 1 MIL) being built to!
Jeff: Thanks for stopping by and the kind comments!
David: Exactly. For someone who wants something new on a large lot, they will PAY for it dearly. Plenty of old product out there on large lots but it seems most want new or near new!
Renee... I like the patio homes in the city. In Philly, they can tend to be pricy, but some are larger than one would think. And what's great is that you are right there in the city and not cramped in your own house per se.
And the first concept that you mentioned, that is just called convenience with a price tag. And I also like this kind of building. Thanks for sharing...
Danny: Interesting trend!
Sharon: Thanks for pointing me towards them!
Leigh: Pricey depends on area and view. Anywhere near the strip will be 500K up to the multi millions.
Jeff: Patio homes do look small but they are not terribly small. They are just on postage stamp sized lots ;)
Renee, "density" is the name of the game. As land becomes scarcer and gas more expensive more people will demand this type of property. Good observation.
Bill Roberts