Luxury homebuilder unveils new mountainside project in Henderson

After launching Vu, Vu Estates and Vu Pointe, luxury homebuilder J. Christopher Stuhmer has unveiled different task with, arsenic the sanction implies, sweeping views of the Las Vegas Valley.

His firm, Christopher Homes, announced plans this month for SkyVu, a 102-lot mountainside lodging tract successful MacDonald Highlands. Homes volition span from 2,700 to 6,100-plus quadrate feet, with prices expected to scope from astir $1.5 cardinal to “well over” $2 million, a quality merchandise said.

This marks Stuhmer’s 4th Vu-branded lodging tract successful the affluent Henderson enclave. SkyVu has nary transportation to the failed SkyVue reflection instrumentality task connected the Strip, which was by antithetic developers and for years has consisted of small much than 2 elephantine factual columns sticking retired of the crushed crossed from Mandalay Bay.

“We person nary affiliation whatsoever with the Ferris instrumentality debacle,” Stuhmer told me.

Despite immense occupation losses sparked by the pandemic, Las Vegas’ lodging marketplace accelerated implicit the past twelvemonth oregon truthful with accelerated sales, record-high prices and a barrage of bids for listings, acknowledgment mostly to rock-bottom owe rates that person fto buyers agelong their budgets.

Luxury homes comprise a fraction of each income successful the valley, fixed their immense asking prices. But mansions person moved from 1 proprietor to the adjacent at a faster pace, buyers person paid record prices for supersized dwellings, and radical person snapped up tons to physique customized houses.

Kristen Routh-Silberman, listing cause for MacDonald Highlands’ developer-owned lots, told maine this week that buyers had closed connected 53 idiosyncratic homesites successful the assemblage this year, and different 23 were nether declaration to sell.

By comparison, 21 tons traded hands determination successful 2020, she reported.

“We’ve ne'er seen thing similar it,” she said of the existent income volume.

Moreover, the billionaire laminitis of owe steadfast LoanDepot bought a three-story, 15,000-square-foot mansion successful MacDonald Highlands successful June for $25 million, the most costly location sale ever recorded successful Southern Nevada.

Stuhmer, who broke crushed connected his archetypal Vu-branded task successful MacDonald Highlands successful 2016, said helium has started grading the SkyVu tract and expects to interruption crushed connected exemplary homes successful November.

The coronavirus outbreak initially sparked a crisp driblet successful location income successful Southern Nevada. But wrong months, the marketplace started heating up, with the pandemic proving to beryllium an “accelerant” for lodging crossed the U.S., Stuhmer said.

Besides each the inexpensive wealth sloshing around, a cardinal crushed for Las Vegas’ acceleration is simply a bigger-than-usual tally of out-of-state buyers.

By each accounts, an accrued fig of Californians and different newcomers person bought homes successful the vale amid the pandemic, letting them enactment remotely successful larger, little costly properties.

Routh-Silberman, a broker astatine Corcoran Global Living, said 95 percent of the California buyers successful MacDonald Highlands utilized to hail from Southern California. This year, astir 25 percent of its Golden State buyers are from the San Francisco Bay Area, she said.

She described them arsenic the young, high-tech, “jet-set Bitcoin” type.

After the pandemic caused each kinds of chaos and turmoil past year, Las Vegas’ lodging marketplace regained its footing and embarked connected what’s present a near-interrupted blistery streak. As Stuhmer noted, who would person imagined the outbreak would get location hunters to slam their ft connected the gas?

“Nobody did,” helium said.

Contact Eli Segall astatine esegall@reviewjournal.com oregon 702-383-0342. Follow @eli_segall connected Twitter.