Inspirada Wins Approval for Project Changes, Unveils Park Plans

The Henderson City Council has thrown Inspirada Builders LLC a lifeline in the form of a new project to develop a total of 30 acres of parks, at its southwest Henderson housing project. The massive housing development has been struggling for a while now, and the developer recently had an important modification approved by local authorities. According to The Las Vegas Review-Journal, the development is currently attempting a bounce-back from bankruptcy, and the recently approved amendment to the plan will help improve the state of the 1,600-acre housing project.

The Henderson City Council has approved major changes intended to boost Inspirada Builders L.L.C.’s struggling 1,600-acre residential development. On Aug. 6, the council signed off on Inspirada’s request to modify its development agreement with the city, the Las Vegas Review-Journal reported. Three years after receiving city approval in 2005, the development hit a snag during the recession, and it is now in the process of emerging from bankruptcy protection.

The modifications approved by the council would give Inspirada flexibility in its home designs and would reduce the amount of park space. Completed portions, as well as Inspirada Town Center—the project’s 350-acre mixed-use centerpiece—would be unaffected by the modifications. The number of units would remain capped at 8,500. Participating builders include KB Homes, which is building 72 percent of the units, as well as Pardee Homes, Toll Brothers and Beazer Homes.

On Aug. 8, Inspirada detailed plans to build 30 acres of parks at a cost of about $20 million and donate them to the city, the Review-Journal reported. Inspirada will build two community parks and a neighborhood park. A fall groundbreaking is scheduled for the first community park, which will include lighted multi-use fields, a dog park, basketball courts, tennis courts, a splash pad and play areas. The second community park is scheduled to break ground next year; completion is scheduled for 2014.

Image courtesy of kbhome.com