Allegiant selects design, construction teams for Florida resort
As Allegiant makes its first foray into the resort business, company officials on Tuesday announced the design and construction teams for a hotel and condominium complex spanning 22 acres of beachfront property in western Florida.
Steelman Partners, headed by Las Vegas architect Paul Steelman, was selected to work with L2 Studios Inc. to design Allegiant’s Sunseeker Resort, set to start construction by mid-2018 in Port Charlotte,
a small town near the Gulf of Mexico.
Steelman developed the initial concepts for the Sunseeker Resort, along with the JW Marriott Las Vegas in Summerlin and the new Resorts World hotel complex under construction on the Strip. L2 Studios has worked on several projects in its home state of Florida.
The project will be built by Manhattan Construction Group, which oversaw construction of the Bush Presidential Library Complex and AT&T Stadium, where the NFL’S Dallas Cowboys play.
Florida Premier Contractors will also work on the project, having previously worked on several commercial and industrial projects in Florida.
“We are incredibly excited to have such a wealth of talent and creativity behind this special project,” said John Red
ALLEGIANT
sale prices aren’t rising as fast as they did at the peak of those years, but Las Vegas Valley broker Scott Beaudry said it “still concerns” him to see the current high growth rate, given how badly it all ended last decade.
Shrinking inventory and rising demand are pushing up prices. Beaudry, owner of Better Homes and Gardens Real Estate Universal, said prices aren’t in bubble territory but that he’d like to see them cool off “a little bit” to avoid going there.
Home prices rose in all 20 cities in September. The smallest gains were in Washington, D.C., where prices rose 3.1 percent; Chicago, with a 3.9 percent gain; and Miami, at 5 percent.
Unemployment is low and the economy is growing at a solid clip, fueling demand for homes. Mortgage rates also remain historically low, with the average rate on a 30year mortgage below 4 percent.
Yet Americans are remaining in their homes longer, according to a recent survey by the Realtors. Many are reluctant to sell because there are so few other homes to buy.
Builders are responding to the pent-up demand by building more houses. The construction of new homes jumped nearly 14 percent in October to the fastest pace in a year. But homebuilders are struggling to find the workers and land they need to ramp up construction more quickly.
In Las Vegas, homebuilders had their best sales month of the year in September and notched an all-time high for prices.
Builders closed 882 new-home sales in Clark County in September, bringing the year’s total to 6,644, up 16 percent from the same ninemonth period last year, according to Home Builders Research.
The median sales price of September’s closings was a record $355,000, up 10 percent year-overyear.
Review-journal writer Eli Segall contributed to this report.