{"id":1004095314,"date":"2014-04-23T20:09:50","date_gmt":"2014-04-24T04:09:50","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=256751"},"modified":"2020-05-11T02:34:24","modified_gmt":"2020-05-11T10:34:24","slug":"revived-master-plan-would-bring-15000-new-homes-to-north-las-vegas","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/revived-master-plan-would-bring-15000-new-homes-to-north-las-vegas\/","title":{"rendered":"Revived Master Plan Would Bring 15,000 New Homes to North Las Vegas"},"content":{"rendered":"<p class=\"MsoNormal\"><em style=\"mso-bidi-font-style: normal;\">By Alex Girda, Associate Editor<\/em><\/p>\n<p class=\"MsoNormal\">One of the largest residential projects in Nevada has found new life as developers have expressed the intention to break ground on a $3.2 billion master-planned community in North Las Vegas that could encompass up to 15,000 homes.<\/p>\n<p class=\"MsoNormal\">Originally approved in 2006, the Park Highlands project would occupy 2,600 acres. Despite the backing of the City Council, the project stalled due to a combination of financial problems and the economic downturn. A number of changes to the plan have revived the project, which would be located north of the Las Vegas Beltway near Aliante Parkway. With the final vote for a number of smaller master plans set for May, North Las Vegas could see a 10- to 15 year buildout.<\/p>\n<p class=\"MsoNormal\">Due to the project&#8217;s troubled financial history, the 2,600 acres of land are now under the ownership of eight different entities, <em style=\"mso-bidi-font-style: normal;\"><a href=\"https:\/\/www.lasvegassun.com\/news\/2014\/apr\/16\/developers-moving-forward-huge-north-las-vegas-mas\/\" rel=\"nofollow\" >The Las Vegas Sun<\/a> <\/em>reports. A representative for the owners has since revealed that the developers intend on rolling out a development process with groundbreaking aimed for  late 2014 or early 2015. The <em>Sun<\/em> also noted that the land has been split into two separate master-plans.<\/p>\n<p class=\"MsoNormal\">Utilities and storm drains are already in place on the 600-acre western site between Decatur Boulevard and Aliante Parkway, where about 4,000 homes would be built. Work is somewhat less advanced on the 2,000-acre eastern portion of Park Highlands; a pair of commercial and residential landowners hope to develop another 11,000 homes, according to <a href=\"https:\/\/www.reviewjournal.com\/news\/las-vegas\/economic-hope-seen-north-las-vegas-masterplanned-community\" rel=\"nofollow\" ><em style=\"mso-bidi-font-style: normal;\">The Las Vegas Review-Journal<\/em> <\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>One of the largest residential projects in the entire state of Nevada has found new life as developers have expressed the intention of breaking ground on a master-planned community in North Las Vegas.<\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1593,21742],"tags":[1815],"class_list":["post-1004095314","post","type-post","status-publish","format-standard","hentry","category-las-vegas","category-latest","tag-national"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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