You've seen the signs for Urban Village - now there's finally some good news.
Besides Santa, it looks like Urban Village is finally coming to town here in Las Vegas. Centex Destinations Properties has purchased the first phase and conceptual plans of "Urban Village", a 50-acre, $1.5 billion dollar project at the corner of Las Vegas Boulevard South and Pyle Ave. The project is set to feature high rise condos, shops, restaurants, fitness centers, jogging paths, and parks all in one self-contained community.
Research shows great demand for the Urban Village concept, and Centex has already developed a number of properties at Lake Las Vegas. Now, with anchor properties at both ends of The Strip, Centex Destination Properties have certainly become a force to be reckoned with to go along with the high visibility names such as Trump, Ivana, MGM, and Turnberry.
Obviously, it's too early to start talking price, but it should be interesting to monitor the progress of this project. If similar projects such as The District and The Curve are any indication, Urban Village may be worth the wait.
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