The Las Vegas City Council approved a purchasing agreement between the Bureau of Land Management, City of Las Vegas and Monument Hills Partners LLC for 939.5 acres of land between the Tule Springs Fossil Beds National Monument and land owned by the Las Vegas Paiute Tribe.
Project Details and History
Monument Hills Partners, formerly known as Olympia Companies LLC, is planning a 6,000-unit housing development across its master plan on the site. ABLA is the master land planner, according to a conceptual master plan submitted in July.
The project dates back to 2019, when the City Council selected the developer. The community will contain at least 270 homes reserved for active-duty military members stationed at the Creech Air Force Base and Nellis Air Force Base.
Plans include expansive open space areas, parks, trails and retail space. There will also be room for schools and other infrastructure developments, such as roads.
Notably, a presentation submitted by the developers indicates they are planning to create a walkable area by including “multimodal and mixed-use villages within the pockets of development that are defined by open space.”
The presentation goes on to say developers will have retail centers with shops and entertainment options spread throughout pockets of residential areas. There will also be a business park area, multifamily developments and office space.
Current plans indicate there will be three separate villages: the North Village, Central Village and South Village. There are currently three distinct phases planned. Phase I includes a business park, retail area, office space, multifamily and single-family. The next two phases will continue off the foundation prepared from the first phase.
Transaction Details
The three-party transaction calls for the City to purchase the land from BLM and then resell it to the developer, Monument Hills Partners.
The BLMapproved its end of the transaction in July. Prior to City Council’s approval, an appeal and petition were filed by the Paiute Tribe with the BLM.
The reasoning behind the appeal and petition was not explicitly stated. The appeal could delay the $94M sale. If the sale is not delayed, however, the sale is to finalize on Feb. 16, 2026. The City said that an $18.8M deposit is due on Aug. 20.
Las Vegas is set to consider land-use entitlements and final approvals later this year.
2 Responses
When is the development going to start
Hi Karen,
While it is currently unclear when the development will start, I reckon we’ll get some more information regarding the project within the first half of the year. Once more information is unveiled, we’ll release another article regarding the project. Thanks for reading!
– CJ