Las Vegas Real Estate News

800 New Homes Where The Great Mall was to Go

The Great Mall of Las Vegas was to be a gem in this city of amazing buildings. There was to be an ice rink and much more.

Today, the land is as it was; the mall project was scrapped for many different reasons.

Recently, builders filed plans to build over 800 new homes on that land.

800 New Homes Where The Great Mall was to Go

"The project plans were from builder KB Home, city records show. The Calida Group, a Las Vegas apartment developer whose name and logo appear on some planning documents, confirmed that it will build a rental complex there," said the Las Vegas Review-Journal.

This is yet another sign that the Las Vegas housing market has made a healthy rebound from the 2008 housing crisis that seemed to leave entire neighborhoods empty.

While the homes won't all be built at once, the steady increase in housing inventory is likely to help keep Las Vegas housing prices relatively stable, also avoiding the extreme prices that preceded the housing collapse.

This entry was posted in Knowledge & Advice. Bookmark the permalink.

Comments are closed.