February 07, 2018
SunCal Sells 126 Acres of Valley Vista Master-Planned Community In North Las Vegas to Homebuilder
NORTH LAS VEGAS, NEV., (Feb. 7, 2018) – SunCal, one of the largest real estate development companies in the U.S. that specializes in large-scale, mixed-use master-planned communities, has sold 126 acres within its Valley Vista community in North Las Vegas to homebuilder D.R. Horton.
The undeveloped land is part of the overall 600-acre Valley Vista master plan, formerly known as Park Highlands West, and the parcel involved in the transaction is planned for new residences. SunCal acquired 208 acres in 2012 and has also been managing the development of the project.
The overall master plan is entitled for 4,100 units. In addition to new homes, Valley Vista will also feature three public parks covering a combined 25 acres and paseo trails running throughout the community. Retail uses will be separately built on 21 acres by a commercial developer.
“We’re very pleased to have completed this transaction,” said David Soyka, SunCal Senior Vice President. “Valley Vista is one of the last remaining large-scale development opportunities in the Las Vegas area.”
The future community will offer residents easy access to job centers in Summerlin and the casino area via the I-215 beltway south of the project and Highway 95 located three miles west of the site. The property is bordered on all four sides by existing residential and retail developments. Area amenities include a regional shopping center, a new hospital and a casino that includes a movie theatre and numerous dining outlets.
SunCal acquires, entitles and develops major residential properties and commercial developments. The company creates distinctive master-planned and mixed-use communities that emphasize quality of life, environmental sensitivity and recreational opportunities. SunCal is one of the largest real estate development companies in the U.S. that specializes in large-scale, mixed-use master-planned communities, and has offices in Irvine, Calif.; Northern California; New York City; Washington, D.C.; Las Vegas, Nevada; and Austin, Texas. For more information, visit www.suncal.com.