Developers building luxury apartments next to Shops at Summerlin


A night aerial rendering of the Shops at Summerlin. Howard Hughes Corp. on Wednesday, April 23, 2014, announced plans to build an apartment complex adjacent to the under-construction shopping center.

Developers of the Shops at Summerlin have lined up some fancy digs for those who want to live steps from the massive, outdoor Las Vegas mall.

Howard Hughes Corp. announced plans today for a 124-unit luxury apartment complex just east of the 1.6 million-square-foot retail and office project on Sahara Avenue at the 215 Beltway.

The company is developing the apartments through a joint venture with the Calida Group, a Las Vegas-based developer.

Construction is expected to begin this fall, with the 4.5-acre gated complex opening next spring.

The apartments will range from about 1,000 to 2,040 square feet and have one to three bedrooms.

Comprised of 16 small buildings, the complex will feature a spa with tanning services, an on-call masseuse and skin-care specialist, and pool-side cabanas.

Howard Hughes did not disclose the development costs, and Calida Group co-founder Eric Cohen declined to reveal the price tag, saying he doesn’t typically discuss project costs.

Dallas-based Howard Hughes resumed construction last year of the 106-acre Shops at Summerlin, which was mothballed in fall 2008 during the national economic meltdown by previous owner General Growth Properties.

General Growth filed for bankruptcy protection in spring 2009, and when it emerged the next year, it spun off Howard Hughes as a separate company with control over the project then known as the Shops at Summerlin Centre, the broader Summerlin master-planned community and several other projects nationwide.

Pitched as a pedestrian-friendly “urban center,” the Shops at Summerlin is slated to open near the end of this year with department and specialty stores, including Macy’s, Dillard’s, Nordstrom Rack and Trader Joe’s.