Courtesy of Four Seasons Private Residences Las Vegas
An artist’s rendering depicts the Four Seasons Private Residences Las Vegas. Vertical construction on the project is set to begin this year.
Monday, Aug. 14, 2023 | 2 a.m.
A new project planned for the southeast Las Vegas Valley would bring the first high-rise complex to Henderson, with developers saying they hope to redefine luxury living in the region.
Four Seasons Private Residences Las Vegas — with two towers containing 171 homes as well as six private villas in MacDonald Highlands — is slated to begin vertical construction by the end of the year, said Craig Eddins, executive vice president of real estate and director of sales on the project.
“You could have a single-family home but in the sky,” Eddins quipped.
The fully serviced luxury residential project, created in partnership with Azure Resorts & Hotels and Luxus Developments, will reach up to 8,349 interior square feet, and 3,555 exterior square feet.
The goal is to offer residents an option for downsizing, so they can move from single-family houses that require a lot of maintenance to high-rise homes of the same quality with a “lock and leave” concept — which allows them to drop their keys off at the front office for staff to manage their home when they’re gone.
Other priorities included the property being “luxury in nature,” made possible with its more than 90,000 square feet of amenities, said Jim Reilly, president of Azure Resorts & Hotels. Residents can access their condos through private garages with electric vehicle charging capabilities or private elevators, and enjoy large terraces and outdoor kitchens, he said.
The property, which is staffed 24 hours a day, has media rooms, gyms, a golf simulator and indoor jacuzzi, a cryotherapy chamber, wine cellars, executive dining rooms and meeting rooms, a pool pavilion and rental suites for when residents want to host guests.
“And then we have food and beverage,” Reilly said, noting that an on-site chef will be available for food delivery, meal prep and private services. “It’s one thing to be able to pick up the phone and order UberEats. It’s another to go downstairs and have something fresh prepared for you by world-class food and beverage operator Elizabeth Blau.”
Purchase price of the condos starts at $3.5 million, Reilly said, while a combined penthouse could reach up to $45 million. There will also be a monthly operational cost based on square footage, meaning residents in a 2,600 square-foot-condo would be charged nearly $3,000 per month.
The operational costs include many of the same amenities residents are already paying for in their current homes, he said, like pool cleaning, landscaping, pest control and more.
The project has already sold 50 residences, for a total of $250 million in sales over three months, Reilly said. Many of those buyers are locals and “empty nesters,” who may want to move from their oversized home into a smaller condo that’s still the same in price and quality.
Other buyers include “tax refugees” escaping high-tax states to take advantage of Nevada’s lack of state income tax, or what Reilly called “Four Seasons collectors,” who already own property at any of the hospitality brand’s other 57 private residences.
Buyers really seem to resonate with what the project has to offer, Eddins said, especially as many have second or third homes and can benefit from leaving their condo to be taken care of by on-site staff.
“We give them an opportunity to still maintain their connection to their roots but come here and live here as a primary residence,” Eddins said. “But walk away from this residence and know that it’s well taken care of. They don’t have to worry, they don’t have the yards to take care of, they don’t have the pools to take care of.”
Reilly agreed, noting that the new complex will likely be the primary home of most residents, though probably three-quarters will have other homes.
“The buyers — I think they all envision themselves in this building,” he said. “And it’s something that a lot of people didn’t know that they wanted, but when they started learning about it, they wanted. And it’s a lifestyle that they’re looking forward to, and we haven’t had it in Henderson before, and so we’re excited about that.”
The project is unique also because of its setting in the McCullough Range, with stunning views of the Las Vegas Valley below and the Strip beyond, Eddins said.
“We worked with a world-class architect, WATG (Wimberly Allison Tong & Goo), to design something that would fit within the community, that would fit within the city and also fit within the backdrop of the McCullough mountains,” Reilly said. “So, something that blended into the mountain, something that was below the ridge line, something that didn’t stand out from a color or texture perspective. And so that’s what we did.”
High-rise projects have seen huge growth and sales in so-called tier-two markets like Las Vegas, Reilly said, pointing specifically to South Florida; Austin, Texas; Nashville, Tenn.; and Minneapolis.
The benefits of high-rises are environmental — nearly 200 single-family residences in the towers will use far less water than the same number of single-family homes — and economic — bringing in about $1 billion worth of sales and property tax revenue for the city, he said.
Hopefully, similar complexes will show up in Las Vegas going forward, Reilly said.
“The fact that we didn’t have something like this, I think, was deterring some people from moving to Las Vegas because that’s what they were accustomed to,” he said. “They want the ability to be able to move in and they want everything taken care of. They want quality over quantity. And that just hasn’t been what people have had here.”
The MacDonald Highlands setting, proximity to public and private airports and the interstate are just a few other benefits of building the high rises in Henderson, Eddins said.
“People want those conveniences,” Eddins said. “They want those amenities that are offered, and Four Seasons is at the top of that game.”
The project — expected to open in the first quarter of 2026 — is just one of many exciting developments for Las Vegas right now, Eddins said, as the city continues to cement its reputation as the sports and entertainment capital of the world.
“We’re seeing such a resurgence and a new blossoming of Las Vegas,” he said. “And we’re just really excited to be included in that.”
