Atalyst Brokers Major Las Vegas CRE Project: Skye Canyon
On January 14, 2020 Olympia Companies and its New York-based development partners sold approximately 400 acres within the Skye Canyon master planned community to a group led by Century Communities for approximately $59 million. Principals of ATALYST represented the seller on the transaction. The Buyers will take over as master developer and construct the majority of the remaining road and utility infrastructure supporting future development phases.
Skye Canyon has emerged as one of the best-selling MPCs in the country. Skye Canyon ranked #20 in the RCLCo Top Selling Master-Planned Communities of 2019 and #22 in the John Burns 2019 Top 50 Master-Planned Communities.
Skye Canyon has an award-winning amenity center and is known for its high-quality parks and trail systems. The developers have done a great job segmenting the project and attracting many of the top homebuilders including Century Communities, Lennar Homes, Toll Brothers, Pulte Homes, Woodside Homes, Beazer Homes, Pardee Homes and Richmond American Homes.
Link to Skye Canyon website: https://skyecanyon.com/
Skye Canyon is managed by Olympia Companies, a company with which ATALYST has a long-standing history. The ownership group broke ground in June of 2014 after taking over the property from Wachovia who foreclosed on the land in 2008. Read More
This is the second large-scale sale of Skye Canyon brokered by ATALYST. In 2018, Atalyst brokered the sale of 630 acres to Lennar Homes, Shea Homes and Woodside Homes. Read More
The team at ATALYST is thankful to have been awarded the opportunity to assist on this transaction. Congratulations to everyone involved with Skye Canyon! This high-quality project has been a success for everyone involved and represents a great opportunity for Century Communities moving forward.