Presidio/Summit JV Shows Sixth Sense

By Alex Girda, Associate Editor

A joint venture of Presidio Residential Capital and Summit Homes of Nevada is adding its sixth residential community in Las Vegas. Once completed, the project will have a retail value of around $5 million. The new project is the venture’s sixth in the Las Vegas area, following such projects as Silverado Ranch and  Canyon View.

Rendering of Presidio Residential homes

Taking shape within Las Vegas’s Rural Neighborhood Preservation Area, the development will feature nine homes with three distinct floor plans, two of them single-story homes with pop-top options. Two-story floor plans will reach up to about 4,200 square feet in size.

All homes are located on 20,000-square-foot lots and offer granite countertops, paved driveways, large windows and doors, large kitchens, three-car garages and energy-efficient appliances.

In the proximity of McCarran Airport, Town Square Mall and the Las Vegas Strip, the new community is also close to major corridors, including as the 215 Beltway and I-15. Development of the new community will generate $2.5 million in local income, $324,000 in taxes and an 24 local jobs, according to a formula created by the National Association of Home Builders.

Rendering courtesy of Presidio Residential Capital