Keller’s Tuscan Highlands Buy is Among Highest Value Per Unit
Watt Companies along with partner Schulman Companies recently sold the newly constructed class-A multifamily residential community Tuscan Highlands to Keller Investment Properties for $115 million. The Las Vegas sale represents one of the highest sales values for residential units in the Southern Nevada market to date.
Watt acquired the site in 2015 and began ground-up construction in 2018 on the more than 15-acre property, which was completed in late 2020.
Tuscan Highlands is located in the Southern Highlands master-planned community in the foothills of Las Vegas. The community features 304 apartments ranging from studios, one to two bedrooms, loft-style homes and townhomes. Units range from 503 to 1,341 square feet.
A central piece of the development is an array of amenities including a clubhouse with an onsite restaurant and bar, a saltwater pool with cabanas, fitness and wellness space, work-from-home space, temperature-controlled lockers for grocery delivery and an onsite concierge. The property also features a wellness/fitness director.
“From the first time Watt chairman Scott Watt saw the site, he knew it would be a place that residents could truly feel that they live in a resort, with everything they need or want available right at home,” said Nadine Watt, CEO of Watt Companies. “That vision has never been more relevant than this past year.”