Home sales are under way at Las Lomas homes sales underway .
Summerlin's The Paseos village, a 375-acre village west of the Las Vegas Beltway, features nine active subdivisions offering home buyers nearly 40 floor plans, ranging from 1,300 to 4,200 square feet.
Las Lomas Homes began selling their 87-units development at the village. The development features homes from 3 different builders - Toll Bros, Lyons Homes and Woodside homes.
Toll Bros started building homes in the area with properties measuring between 2,600 to 3,100 square feet. Their home prices start from $700,000. William Lyon will build 33 homes, ranging from 2,960 to 3,249 square feet; Woodside plans to build 32 homes, measuring from 3,307 to 3,514 square feet.
These homes are similar to the ones the builders offered into an development in the same village and which were very popular with the buyers.
Developers face legal action for canceling reservation agreements:
The Vegas Grand luxury condo project and the Krystal Sands project developers face
legal action in separate lawsuits filed against them by different law firms.
In the Vegas Grand project's case the developer Del American the Florida based company unilaterally cancelled the reservation agreement. The buyers were given the option of either purchasing their units at a higher price or getting a refund of their $25,000 deposit.
The lawsuit filed by law firm Marquis & Aurbach seeks to make the reservation agreements enforceable and make the developers to honor their commitment. After all the developers had taken a deposit to honor their agreement. Once a contract was formed, the seller cannot unilaterally modify the terms of the agreement, the attorney for the law firm said.
A similar lawsuit was filed against the developers of Krystal Sands when the project was cancelled after the project changed hands. Here too the buyers were left high and dry by the developers. Wills Kemp a Las Vegas based lawyer is fighting on behalf of buyers on this case.
The Village in Queesnbridge.
A new mixed-use development at Queensbridge called The Village with 700,000 square feet of boutiques, retail spaces, restaurants, cinemas and executive office space, along with 340 condominium units in two five-story towers and a 10-story tower. These condos units will be priced from the $600,000s to more than $1 million.
The whole project is joint collaboration between Las Vegas-based Executive Home Builders and Peccole Nevada Corp. The $500 million mixed-use venture will come up on 30 acres at Rampart Boulevard and Alta Drive.
The construction on the condo units will be started within 90 days and the units are likely to start selling by 2007.
The project will include 125,000 square feet of restaurant space to allow shoppers and residents the pleasure of various cuisines with in the development. A huge underground parking garage is part of the project to deal with car parking and other issues.
The project developers feel mixed-use projects provide economic viability and help the projects to go ahead. Otherwise these projects may be commercially unviable.
