Howard Hughes Proposes 339-Unit Apartment Complex West of Las Vegas

Howard Hughes Holdings has unveiled plans for a new 339-unit apartment complex in Summerlin, located west of Las Vegas. This Texas-based developer aims to establish a mixed-use development near a Whole Foods-anchored shopping center at Town Center Drive and Sahara Avenue in Downtown Summerlin.

Project Design and Features

The proposed development will feature two five-story buildings, housing 339 apartments above 15,000 square feet designated for retail and dining establishments. The project will span four acres and include various amenities such as a pool, spa, fitness center, barbecue area, bike storage, electric vehicle charging stations, and courtyards. The architectural design will showcase gray and white buildings with large windows and inset balconies.

Approval and Timeline

The Clark County Commission is set to review the project's design in an upcoming meeting next month. Specific details regarding the project's address and construction timeline have not been disclosed.

Ownership and Future Development

The apartment complex will be part of a 37.6-acre site owned by Howard Hughes Holdings. It remains uncertain if the developer has future plans for the remaining land.

Background of Howard Hughes Holdings

Founded in 2010 as a spinoff from General Growth Properties, which had filed for Chapter 11 bankruptcy, Howard Hughes Holdings oversees six master-planned communities, including the expansive 22,500-acre Summerlin. Summerlin itself is named after Jean Amelia Summerlin, the grandmother of the renowned billionaire developer Howard Hughes.

Financial Performance and Other Ventures

In recent financial news, Howard Hughes Holdings reported a $52.5 million loss in May, attributing it to a decline in land sales in its master-planned communities, lower sales at a Nevada resort community, and expenses related to its Seaport Entertainment spinoff. Additionally, in March, the developer, in collaboration with Sony Pictures Entertainment, received approval to build a $1.8 billion, 31-acre production studio in Summerlin.