Saturday, December 03, 2005

Development of North Las Vegas

In 2001 when the North Las Vegas did not see much development, two companies the American Nevada and Pulte homes bid jointly on the federal land for the development of master community called Aliante. But the risk turned out to be a great success for the company. During that period builders built only small projects and entry-level homes. Of the 7,000 homes planned for Aliante, 3,400 have been sold or are under construction.

While there is shortage of land for residential and commercial purpose in the rest of Las Vegas, North Las Vegas still has large open areas, which is helping it in its development. 2,073-acre of parcel and 601-acre of parcel of federal land was auctioned by the BLM last month with the bid starting at $522.4million. Growth of businesses in North Las Vegas has resulted in builders developing custom homes. This trend will attract business owners to the area who until then were located in Henderson because the city provided them with industrial building as well as custom homes.

posted by Diane @ 8:09 PM