"New Urbanism" Concept Breaks Ground In Northwest Las Vegas

A "new urbanism" concept is making its debut in the Las Vegas real estate market. The Village of Centennial Springs broke ground this month on its 41-acre mixed use development, which will feature retail, restaurant and office components along with its planned 205 single-family homes. The developer, Carina Corporation, already has its eye on adding two more such villages throughout the Valley following completion of Centennial Springs, which is located near US-95 and Durango Drive, at Farm Road and Tule Springs.

With a theme centered around a "Main Street" environment, the Village will harken back to the "good old days", a time when you could take a stroll down the landscaped boulevard to a park in the town center and stop for an ice cream cone along the way. The commercial portion of the Village will include retail and office space with lofts above for living quarters, an increasingly popular "live-work" concept. There will also be 21 brownstones available with two- and three-stories.

Construction on this $100 million project will be phased over the next two years. Prices for the single-family homes will range from $300,000 to $425,000; $240,000 to $280,000 for the brownstones, and prices for the lofts have yet to be determined.

Konnel Peterson
REMAX Associates