Court allows building of 720 homes in NLV

A Las Vegas development company plans to build a 720-home residential project in North Las Vegas following a Clark County District Court decision resolving a zoning dispute in favor of the firm.

James White, an investor relations officer representing Las Vegas-based Saxton Inc., said the Nasdaq-listed company, which designs, builds and sells residential, commercial and industrial properties in the West, will go forward on the Taylor Ranch project, expecting to break ground in the third quarter of this year.

Saxton's portfolio includes projects in the metropolitan areas of Las Vegas, Reno, Phoenix and Salt Lake City.

The company's chief executive officer, chairman and founder, James Saxton, was not available for comment this morning on specifics of the project. However, a news release issued today said homes, the first of which will be completed in the third quarter of 1999, would have prices ranging from $79,500 to $112,000.

A limited number of homes on certain selected sites on the western portion of the property would cost about $140,000.

The Taylor Ranch site is located east of the North Las Vegas Airport between Simmons and Vista streets and bordered by Brooks and Evans avenues. The company had purchased the 125-acre site in June 1997 in anticipation of the development of a residential community in conformance with the existing North Las Vegas master plan, the release said.

The City of North Las Vegas planning and zoning staff referred calls to the city's legal staff, which didn't return calls early this morning.

The Saxton release said the court order requires the city to approve the company's application for zoning densities consistent with the master plan for about 83 acres of the Taylor Ranch property, and consistent with existing zoning for the approximately 42-acre balance of the property.

The order also restricts the city's development conditions on the property.

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