Nigro Developments are coming up with a new $15 million project at 3245 St. Rose Parkway in Henderson. The four-story, 139 room facility, 75,000 square foot Hampton Inn & Suites is expected to open by the end of 2006. The project will supply the much needed hotel rooms and retail space to the growing area near Henderson Executive Airport and St. Rose Dominican Hospital’s Siena campus. There are more than 90,000 cars, driving through the St. Rose Parkway and Seven Hills Drive and these people will be profited by this development. At the entrance of the 1,300-acre master planned community there will be $25 million mixed use development called The Place At Seven Hills.

The project will also have 17,000 square feet of single level retail space and a restaurant pad. The master planned development’s wood framed, stucco and glass structure are taken care by the Nigro constructions. Mixed-use commercial developments are best suited for the Henderson area.

Mazzini is a new neighborhood at Tuscany Residential Village in Henderson. Home buyers are enthusiastic about this guard-gated golf course community. The village will comprise seven separate subdivisions and about 2,000 homes.

Rhodes Homes recently began sales at Mazzini, a new neighborhood in the Tuscany Residential Village in Henderson. According to the builders the Montebello and La Piazza neighborhoods are particularly popular among the buyers. Mazzini has incorporated some of the best features of the other neighborhoods by the same builder.

Tuscany has some beautiful features incorporated into the neighborhood like bell tower, a clock tower, an obelisk and a gated cobblestone entry. A recreation center with membership for residents is also planned and construction is to begin in 2006. Various facilities including pool, spa, tennis, basketball courts and fitness center will form part of this center.

If you wish to inspect the homes several model homes are open at Montebello, La Piazza, La Luna and Avellino. Homes in three additional neighborhoods, Terrazzo, Mazzini and Arezzo, are also being available for sale. Prices start at $361,990.

Rhodes’ Palms Bay residences are located on a golf course and an active lifestyle community where active adults and their families can enjoy a host of active recreational activities. The Palms Bay community offers three two-story models, ranging from 1,734 to 2,400 square feet. The homes are priced from $373,990.

Plan 1 has a vaulted entry, three bedrooms, 2 1/2 baths, a great room, loft and two-car garage. A second plan includes three bedrooms, a walk-in closet in the master bedroom, 2 1/2 baths, a great room, dining room, two-car garage and optional fireplaces. Third plan with four bedrooms, 2 1/2 baths, a living room, family room, dining room, two-car garage, optional master retreat or optional bonus room, and optional fireplaces.

Situated amidst beautifully landscaped surrounding Rhodes Homes latest recreational facility The Fun Zone is a 34,000-square-foot recreational facility with a full-length, a basketball court, two racquetball and handball courts, and six billiards tables. In addition, the facility will soon have one of the largest outdoor water parks in the valley.

A premier apartment community at Hughes Center, The Meridian will have one bedroom, two bedroom and studio apartments. The thoughtfully designed units offer the ultimate in world-class living. Lush beautiful landscaping, the beautifully laid out courtyards for romantic get-togethers, the green cover, the fountains and pools all merge into a classic Mediterranean ambience which is quite unique in this part of the world.

Home to some of best recreational facilities usually found only in country clubs, spas and resorts. Each residence comes equipped with a full gourmet kitchens with dishwasher, microwave and disposal, spacious open floor plans with 9’ ceilings, patio, balcony, deck, porch, gated entrance with controlled access, garages and underground parking, fireplaces and fully air conditioned, washer and dryer.

Some of the common facilities include heated pool and 24 hour Fitness Center, spa, hot tub and sauna, tennis, racquetball and squash courts. All houses are connected with high speed internet and cable TV too.

Rhodes Homes’ Tuscany Residential Village has opened new models at the La Luna II neighborhood. The floor plans offered here are very similar to The Collection floor plans at Rhodes Ranch another of Rhodes Homes communities in Las Vegas.

The 2 story homes come in sizes varying from 2120 to 3042 square foot in area. The homes comes with 4-5 bedrooms each, 2 or more baths and two-three car garages. They all come with a host of optionals that can be included as per the requirements of the home buyers.

This community is part of the 7 village neighborhood planned by Rhodes Homes. The communities will be linked by road and several Italian themed architectural landmarks like bell tower, clock tower and a obelisk have been put up at various places around the villages to give the community the look and feel of an Italian rural village.

If the slight dip in real estate market is any indication of future market trend then many of the planned luxury condo towers projects may not be built as planned. Real estate experts feel that roughly about 80 percent to 50 percent of the condo projects may never take off.

Projects with big names to go with them like Trump Tower and Ivana Tower will still go ahead with out any hitches and others like the Allure condo-hotel tower project will also get built. This is mainly because these projects have a strong financial backing or have secured their financing before proceeding with construction unlike others who got in merely for speculative reasons.

Other projects are likely to fail as they do not understand the local Las Vegas real estate market and its dynamics. Still others only got in because of the boom in the Las Vegas market and have no experience in the construction or real estate business. Still others will fail to take off because of the location. In a boom market these things might have been glossed over but as the market slows down reality will begin to set in and buyers, developers and the rest will see the projects for what they are worth.

Still other experts feel that even if the real estate market bounces back continues it upward trend many of these projects may not see the light of the day because of the fundamental flaws of bad location, no firm financing plan and lack of local market knowledge.

In order to pay for the increased costs due to hurricane Katrina the Nevada senator has introduced a bill to cut down more than $46 million from federal funding. More than seven road projects would be affected due to this including the $296.4 billion highway-spending bill approved by president Bush. The bill also calls for 5% cut in federal spending next year.

The cut would stop salary raise for the federal employees and the benefits from Medicare could be delayed for next two years. The Las Vegas Valley road projects that would suffer a setback are – $ 10 million each for the construction of Las Vegas Beltway interchange involving I-15 and U.S Highway 95, $6.4 million for widening Rainbow Boulevard to Kyle Canyon, The Regional Transportation of Southern Nevada FAST system would lose $5 million assigned to it for monitoring equipment, traffic camera and smart signs, Boulder Highway Bus Rapid Transit System would lose $1.7 million, that would be utilized to purchase vehicles and other related equipments.

Housing bubble that is being much talked about cannot be seen in Las Vegas real estate market because of its high job growth and increasing number of visitors each year. The median price of new homes has shown an increase of 6.7% since last year while the existing homes showed an increase of 14%. The median new home price in September was $297,999 and that of the existing home was $285,000. Las Vegas is still considered as the first choice by the people looking for good deal on homes. The highland price along the strip is due to the billion dollar developments like the South Coast casino. The mixed-use development along the Beltway the Durango Drive will also be as successful as the Strip. The development is moving back towards the core of the downtown where the density is already high. New home permits has fallen down by 1000, and has reached to 1,121 in September. Investor buyers will think before taking the plunge due the increase in mortgages rates.

In order to attract consumers, restaurants and hotels are opting for live foliage in their gardens. This gives competitive advantage for the property with regard to other competitors, which otherwise would deprive them of the points in the rating system.

Consumers don’t consider dining experience as mere meal but they look for that extra touch and elegance. Creating a garden in Joel Robuchon, the restaurant in the MGM Grand would surely have a positive impact on its revenue.

Planterra the company responsible for the design of the garden matched the plants with that of the theme of the restaurant. Being present deep inside the MGM Grand the plant, plant-grow lights were provided as there was no natural light, to keep up with the theme of Parisian townhouse, plants with smaller leaves were chosen. Capillary water system helped in gradual watering of the garden, which reduced the daily watering work of the employees. The employees were given full details about the plants and its maintenance. Live plants give health benefits by giving clean air and environment.

Low-income families in Nevada can take advantage of the Nevada Department of Business & Industry Housing Division’s Weatherization Program to lower their energy bills. The Department helps these families in making their homes more energy efficient and also to meet health and safety norms.

A department representative will inspect the home and recommend suitable changes to make the homes more energy efficient. Later workers will make the required changes. This help is provided free of charge to renters/homeowners whose annual incomes are lower than $14,355 for a one-person household; $19,245 for two people; $24,135 for three people; $29,025 for four people; $33,915 for five people; and $38,805 for six people.

The funds for this program come from the Housing Division’s Low Income Housing Trust Fund and the Fund for Energy Assistance and Conservation. More than 5,100 low-income households in Nevada have benefited from this program during the past four years.