Uploaded September 2026 | Updated September 2026, 3 weeks ago
The developers of Las Vegas’ biggest new community in years have closed their purchase of the site, giving them 900-plus acres with plans for thousands of homes.
Olympia Companies and Bruin Capital Partners teamed up to acquire roughly 940 acres in the upper northwest Las Vegas Valley for $94 million, Olympia executive vice president Chris Armstrong confirmed in an interview Wednesday.
The sale, of public land, closed last week, property records show.
Plans call for up to 6,000 homes in the community, Monument Hills, meaning waves of new housing tracts are poised to be developed in what’s now open desert just past the upper edge of built-out Las Vegas.
“I can’t wait to put shovels in the ground and families into homes,” Mayor Shelley Berkley said in a news release Wednesday.
A suburban-heavy housing market packed with cookie-cutter subdivisions, Southern Nevada is blanketed with master-planned communities, including several that cover more land than Monument Hills. By all appearances, however, this marks the largest new community in the region in years.
“It’s definitely the largest in a while,” Armstrong said.
In general, these big projects involve developers acquiring a land mass; building roads, parks and other infrastructure; and selling off sections to homebuilders.
The developers of Las Vegas’ biggest new community in years have closed their purchase of the site, giving them 900-plus acres with plans for thousands of homes.
Olympia Companies and Bruin Capital Partners teamed up to acquire roughly 940 acres in the upper northwest Las Vegas Valley for $94 million, Olympia executive vice president Chris Armstrong confirmed in an interview Wednesday.
The sale, of public land, closed last week, property records show.
Plans call for up to 6,000 homes in the community, Monument Hills, meaning waves of new housing tracts are poised to be developed in what’s now open desert just past the upper edge of built-out Las Vegas.
“I can’t wait to put shovels in the ground and families into homes,” Mayor Shelley Berkley said in a news release Wednesday.
A suburban-heavy housing market packed with cookie-cutter subdivisions, Southern Nevada is blanketed with master-planned communities, including several that cover more land than Monument Hills. By all appearances, however, this marks the largest new community in the region in years.
“It’s definitely the largest in a while,” Armstrong said.
In general, these big projects involve developers acquiring a land mass; building roads, parks and other infrastructure; and selling off sections to homebuilders.
