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**$950M** in sales at topping-out suggests branded residences now pencil in secondary Sun Belt markets when structured as club-model standalone projects.
$950 million
in sales as both towers reached structural topping-out in…
18 months
after sales launch
331
units across both towers now under contract
121
with unit pricing from
Four Seasons Private Residences Las Vegas recorded $950 million in sales as both towers reached structural topping-out in MacDonald Highlands, the Henderson master-planned community overlooking the Strip. The dual-tower project—North and South—marks the brand's first ground-up residential development in Nevada and one of the largest branded-residence pipelines in the Southwest.
The milestone arrives 18 months after sales launch, with 331 units across both towers now under contract. North Tower holds 210 residences, South Tower 121, with unit pricing from $2.1 million to above $8 million for penthouses. Construction topped out in December, setting up first closings for Q3 2026. Developer Witkoff and Four Seasons did not disclose average price per square foot, but Henderson luxury comparables have traded between $950 and $1,400 since 2023.
The velocity matters because Las Vegas has historically underperformed as a branded-residence market relative to Miami, New York, and Los Angeles. Four Seasons' entry into MacDonald Highlands—a guard-gated enclave 15 miles from Bellagio—signals operator confidence that permanent-residence demand now supports luxury hotel branding outside transient-hospitality cores. The project does not include a hotel component, only residences with access to curated services and a private club amenity floor. That structural separation allows Four Seasons to deploy capital-light licensing while Witkoff absorbs development risk.
The timing also reflects broader momentum in the branded-residence category. Four Seasons announced its first standalone Colorado project in Cherry Creek the same week, a 48-unit tower in Denver's highest-income neighborhood. The brand now operates or has under development 58 residential projects globally, with 22 in North America. Miami, Los Angeles, and now Las Vegas account for the majority of recent pipeline additions, suggesting allocators view Sun Belt gateway cities as durable wealth-consolidation markets even as coastal second-home demand softens.
Operators and allocators should watch absorption pace through 2025. If Four Seasons closes 150+ units by year-end, it validates the thesis that branded residences can command hotel-grade pricing in non-resort suburban enclaves when paired with member-club models. Competing projects—Waldorf Astoria Las Vegas, The Residences at Wynn—will provide parallel data points. Cherry Creek closings, expected late 2027, will test whether Denver can support $3 million+ average unit pricing outside Aspen and Vail.
Four Seasons has 12 additional residential projects slated to break ground before 2027, half in markets that have never supported branded residences at scale.
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