Lennar’s Heritage at Cadence, a new community for active adults in Henderson, Nevada, is highlighted in this VEGAS INC article by Eli Segall that covers the renewed popularity of Las Vegas area communities designed for retirement living.
Whether you call them active adult, age qualified, age restricted or age privileged, senior housing developments are making a comeback in Las Vegas.
But this time around, don’t look for the standard type of senior project that was built for years in Las Vegas – a sprawling, mini-city anchored by golf courses – to pop up again anytime soon.
Investors are building or planning a handful of new 55-and-over residential projects in the Las Vegas area, after not breaking ground on such developments for years.
Southern Nevada became a top U.S. retirement spot years ago, luring people with sunshine, low taxes, entertainment and new communities where residents could hit the links, socialize with people their age and not be bothered by teenagers or screaming kids.
Developers aren’t flooding Las Vegas with new 55-and-over projects these days. But with the economy on the mend, the elderly population soaring and the homebuilding sector back to life, some are back at it.
In the southeast valley, Lennar had sold about 40 homes in Heritage at Cadence by late April. Among other things, it’s offering houses with a garage big enough to fit an RV, Las Vegas division president Joy Broddle said.
Lennar’s community is planned for 900 to 1,000 homes, with prices ranging from around $300,000 to $450,000, Broddle said.
Miami-based Lennar is one of the largest homebuilders in the country and has developed 55-and-over communities around the United States, but Heritage is its first in the Las Vegas area, Broddle said. As she sees it, Cadence’s proximity to Lake Mead is among reasons it would attract retirees.
“That is a huge draw,” she said.
Lennar is building a 23,000-square-foot recreation center in Heritage and plans to have pickleball courts, indoor and outdoor swimming pools, a ballroom, a café and a full-time activities director.