Echelon at Centennial Hills, tucked away at a location in the northwest corner of the valley, is preparing to open its first building later this spring. The condominium development will have six four-story structures spread out over 15 acres with 372 units between them when everything is finished. Royal Construction Co., a Steve Aizenberg firm, is the builder, the same entrepreneur who also brought Spinnaker Homes to the Las Vegas community.
The complex has an urban life-style design and offers amenities such as underground parking with storage space for homeowners and each building has two trash chutes. In addition, a pool and a spa enhance the landscaped space between each building and a clubhouse will go up in the middle of the housing campus.
The developer has smartly opted to stretch out construction of the other buildings because of the current mortgage industry woes and generally weak real estate market conditions prevailing here in Southern Nevada. According to their own timeline right now it'll easily take over two years to complete a building and at this stage the second one is tentatively set to get underway in early fall. With so many unsold condominiums, townhomes and single-family houses looking for buyers here, this appears to be the only reasonable course to follow.
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Esko Kiuru
Mortgage and real estate market commentator
www.BluefoxToday.com - syndicated mortgage and real estate blog
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My cell: 702-499-1006
