Green Valley Lofts In Henderson Real Estate Seeks Tax Credits

Green Valley LoftsGreen Valley Lofts mid-rise condos for sale in Henderson real estate by Green Valley Lofts LLC is currently developing a five-story, 41-unit Las Vegas condo complex. The $25 million Green Valley, Nevada condos will consist of 1,200- to 2,100-square-foot luxury homes, with four floor plans with prices from $400,000 to over $1 million. Architectural Workshop from Denver, the designer, of the Henderson condo project is seeking a Gold LEED certification.

This Green Valley NV real estate mid-rise condo project could be the Las Vegas Valley’s first residential development to seek tax credits for pursuing LEED (Leadership in Energy & Environmental Design) status. U.S. Green Building Council has set up the rating system called LEED. It grades real estate projects on energy efficiency, water conservation, environmental quality and other things. The more points, the higher the rating, which goes from basic certification to Silver, Gold and Platinum.

The flooring will be bamboo, natural lighting and low-energy appliances. The Green Valley Nevada condos additionally will have granite from a company that replants trees in the rain forest, and will use glues, paints and sealants free of noxious emissions. Roof-mounted solar panels will power the concrete-and-glass building generating 35 kilowatts of electricity. An average Las Vegas home uses 4 to 5 kilowatts a year. General contractor is Tradewinds Construction, a certified LEED builder.

“Cast-in-place, concrete construction provides noise and thermal insulation,” said Jeffrey Vilkin, president of Tradewinds Construction. “It also creates a sturdier, longer-lasting structure.”

Green Valley condos for sale LEED compliance adds about 5 percent to the project cost, but condo buyers can benefit from lower cooling and heating bills. Green Valley condominiums may also qualify for AB 3, signed into law last June, which gives up to a 10-year, 50 percent property-tax break on LEED real estate projects. The total savings depends on the certification level. Nevada is one of only three states in the country that gives long green back for green developments.

Green Valley Lofts for sale is currently scheduled to break ground in April 2007, with anticipated completion by mid-2008. Land Barron Investments is providing construction financing. The development team bought the 1.5-acre Henderson real estate for $1 million, or $22.95 per square foot, over a year ago. The project has already attained entitlement and zoning clearance, and 100 percent complete construction documents.

Reservations for Green Valley Lofts and Las Vegas condos require a $15,000 deposit, with a hard-contract fee of 15 percent down.

Green Valley condos and lofts will feature 8,500 square feet of ground-level retail space, including an art gallery, furniture shop, a wine store and cafe. Plans also call for a spa, fitness center and a 2,000-square-foot yoga studio.

Call 702-505-6988 for VIP Las Vegas condo representation for a Green Valley condo by a Las Vegas real estate agent.

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Green Valley Lofts and condos in Henderson real estate seeks tax credits for LEED certification.

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