Las Vegas planned community
This newest of all the major Las Vegas area planned communities will be built on 2,675 acres in North Las Vegas. Most of the building will be north of the 215 and east of Aliante. 16,000 residential were projected.
Park Highlands is an interesting development. Olympia Group paid $639 million for this land at a BLM public auction in 2005. To put this price in some perspective, Del Webb and American Nevada Group paid at a similar auction in 2001 $47 million for 1,940 acres that eventually became Aliante, the adjacent planned community. The property has changed hands several times over the last few years, with the last sale reflecting prices about 30 times less than the original BLM sale.
4 developers are reported to be active at this time. The project has been split east and west with the west side being more of a subdivision and the east side more of a planned community. Home construction was scheduled to begin around December 2014. As of yet, April, 2015, I have received any updated information.