875 W Boulder Ln - 16.44 acres - 304 M/F units -zoning approved!

The 16.44 acre subject property is located directly across the highway (literally) from the rapidly expanding Creech AFB - home to the headquarters for our military's RPA's (drones) employing approximately 4,500 - 5,000! Located within the town of Indian Springs. Indian Springs is located 25 - 35+/- miles northwest of the developed portion of metropolitan Las Vegas (Centennial Center/Town Center), with a population in Southern Nevada of over 2.5+/- million (2023). Indian Springs, Nevada is now getting some serious attention by home builders AND retail developers! Family Dollar has finalized its construction and opened years end 2019 an expanded plan size which includes a larger, expanded refrigerator section for perishables. Terrible Herbst began grading their site late September of 2019 - developing their fueling depot (RV's and Passenger vehicles) and expanded convenience store, casino and a Bob's Big Boy sit down restaurant (a first to Southern Nevada) - Fall saw their grand opening  2020! Terrible Herbst Oil owns & operates over 147 stores in four southwestern states. Touchstone Living sold out their detached SFR's since opening their model on or about June of 2019. They closed escrow on approximately 39 finished lots in the 3rd Quarter of 2018. Beazer Homes new Solaris subdivision broke ground on their 187+/- homesites for SFR detached product -vertical construction & sales were underway Sept 2020 with over 50+ initial presales/reservations and a steady 6+ units/month since then with monthly price increases!!! This Solaris subdivision sold out the first part of 2023. The town is slated for hi-tech fiber optic data and communications service and is now in the midst of planning functions to provide same - from Valley Communications Association! Site & building plans were developed based upon existing successfully completed multifamily projects in Las Vegas and were utilized for zoning approval - subject to change to fit the desires of the ultimate JV Partner/Purchaser. They were to have included an optional exit strategy of one-off sales as well as keeping the entire project as one for-lease project. The R-3 zoning was recently renewed Jan. 4th, 2023 (see attached BOCC NOFA Letter dated Jan. 17, 2023 granting the R-3 Zoning and extending time for Waivers of Development & Design Review until Nov. 2, 2024 (ET-22-400124 (ZC-0387-08). Separately and prior, the Land Use Plan was also changed to Residential High (up to 18du/ac) in May 2020.  A Development Agreement was approved with the County, which features waivers of off-site improvements and certain construction taxes. The subject property is currently unimproved vacant land. Paved roads, water and sewer, as well as electric & telephone are either at or very close to the property; adjacent & surrounding land uses generally consist of manufactured homes and single-family residences to the east, with vacant land and a recently completed drainage retention facility to the west, public uses include elementary, middle, and high schools with ball fields and track facility to the north, civic center with library & swimming pool, baseball field, playground & the local fire department to the south. RE Property Taxes: $2,205.64 (2024-2025)   This location has a work force of well over 6,000 and expanding, with just about all of them commuting daily to and from the Las Vegas area and/or Nellis AFB ("home of the fighter pilot") - anywhere from approximately 40 minutes to 1½ hours (by car or bus). The military plays a significant role in the greater Southern Nevada area and has enjoyed decades of continuous support from Local communities. With historical roots dating back to the Las Vegas Army Air Field established in 1941. Nellis Air Force Base (AFB), Creech AFB and the Nevada Test and Training Range (NTTR) continue to serve as a one-of-a-kind interconnected base and range complex. Together these pivotal components have helped spur the growth and success of American air power for over 70 years. The only available privately owned land for housing near this substantial work force is in and around the existing town of Indian Springs. Military, civilian, State and government employees, contractors and corrections officers with practically no conventionally built residences to reside, other than a limited number of modular and mobile homes - time to fulfill that demand - Nellis & Creech AFB's have been most cooperative and proactive with the prospect of bringing this project online! 2023 Base Allowance Housing rates increased by 4.6% or more for NAFB according to a DOD announcement. 2023 NELLIS AFB/LAS VEGAS, NV BAH Rates: https://veteran.com/bah-rates-state/nevada/ https://veteran.com/2023-bah-basic-allowance-for-housing-rates/  https://veteran.com/2022-bah-basic-allowance-for-housing-rates/ Excellent, top tier rated public schools (K-12) exist within Indian Springs and are located directly across the street from our site, offering very low teacher to pupil ratios and one of the highest graduation rates in Nevada, along with community parks and extensive recreational facilities! ***DROPBOX LINKS: PDF POWERPOINT PRESENTATION  https://www.dropbox.com/scl/fi/ft5jyi5sj4obdgztyapej/Indian-Springs-Powerpoint-Presentation-REVISED-11-27-2023.pdf?rlkey=d35h9hmccsxnqmgrep6a7lpjc&dl=0 RECENT MEDIA ARTICLES: 2022-11-08 RJ:  Builders talk about affordability at Realtors event: https://www.reviewjournal.com/homes/new-homes/builders-talk-about-affordability-at-realtors-event-2672313/ 2022-02-04 RJ:  Beazer opens Solaris in Indian Springs: https://www.reviewjournal.com/homes/advertising-features/beazer-opens-solaris-in-indian-springs-2524484/ 9-13-2020 RJ Article - Beazer to host grand opening in Indian Springs: https://www.reviewjournal.com/post/2120164 9-12-2020 RJ Article- Homebuilder sets sights on Indian Springs with new project: https://www.reviewjournal.com/post/2119362 4-9-2020 RJ article - Indian Springs - New Casino, Fuel Depot & Restaurant scheduled for Memorial Day opening 2020   https://www.reviewjournal.com/post/2002733 1-16-19 - Airforce Magazine – Creech AFB becoming independent from Nellis AFB http://www.airforcemag.com/Features/Pages/2019/January%202019/Creech-to-Gain-Independence-from-Nellis-After-More-than-Five-Decades.aspx 1-10-19 - Gen. Mike Holmes & ACC Leaders discuss Creech AFB promising future with the RPAA’s https://www.dvidshub.net/news/307100/acc-leaders-talk-creech-future-with-rpa-airmen Review Journal Article - 12-13-18 regarding Indian Springs https://www.reviewjournal.com/homes/resale-news/vegas-villas-indian-springs-ranch-listed-for-4-3m-1551502/ Review Journal Article - 11-24-18 https://www.reviewjournal.com/local/local-nevada/rural-housing-developments-outside-las-vegas-making-a-comeback-1534831/ Review Journal Article - 6-2018 June 2018 - Smith's Grocer opens in Skye Canyon https://www.reviewjournal.com/business/125000-square-foot-smiths-store-opening-in-skye-canyon/ June 2018