D.R. Horton Unveils Communities; Hsieh Details Downtown Plans
- Jun 20, 2012
D.R. Horton, one of the country’s largest homebuilders, recently unveiled two of its newly built residential communities in Las Vegas. The company’s local division recently organized a gathering to officially open their two neighborhoods in the southern part of the city.
A development dubbed Silverleaf, located off Blue Diamond Road and west of Fort Apache Road, features floor plans that range from 2,135 to 2,435 square feet and asking prices starting at $162,900. The other neighborhood, Denali at Mountain’s Edge, is located just off Erie Avenue and east of Buffalo Drive. The three available floor plans range between 2,300 and 2,630 square feet, with prices starting at $189,900. A sales representative told the Las Vegas Review-Journal that the pricing is expected to be highly attractive to buyers.
As new communities are unveiled in southern Las Vegas, Downtown is drawing renewed attention. A key figure behind the movement is Zappos CEO Tony Hsieh, who recently announced a personal investment of $350 million into the district.
Zappos is already set to move its headquarters Downtown from its current office in Henderson, a commitment that demonstrates Hsieh’s confidence in a thriving future for his company’s new neighborhood.
At conference in New York City, Hsieh outlined how the $350 million would be invested:
• $200 million for local real estate development
• $50 million to Downtown small businesses .
• $50 million for technology company start-ups town area.
• $50 million to upgrade Las Vegas schools
Photo courtesy of user Musepharaoh via Wikimedia Commons.