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Cadence: New development in Henderson Nevada

Cadence: The clean up Lake Mead Boulevard needs  Is this what can clean up the Lake Mead corridor? Landwell is clearing up the vacant parcel between Lake Mead Blvd and Tuscany. The 15,000 home master planned community could bring in the needed consumers to jump start some economic growth. As a homeowner in Tuscany, I have been waiting for this news. We need more growth and shopping here.With hands tied by the real estate slump gripping the Las Vegas Valley, LandWell Co. has announced it will develop its 2,200-acre Henderson site. LandWell expects to sell 42 acres of the former industrial site east of Boulder Highway to Boyd Gaming Corp. to build a casino for an eventual master-planned community.LandWell had planned to sell the property to Centex until the homebuilder dropped its option to purchase the site in January 2007 because of the slowdown in the housing industry.As master developer of the giant community, which it is informally calling "Cadence," LandWell will assume the same role that Howard Hughes Corp. served in Summerlin, selling parcels to homebuilders and other parties, said Mark Paris, president and chief executive of LandWell."The real estate (market) is not in the best condition, and we ... more

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