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Four Seasons' Las Vegas towers cross **$950M** at structure completion, eleven months pre-closing, as the brand tests pure-residential models without hotels.
$950 million
across the dual-tower development
267
residences ranging from
7,500
square feet
$2.4 million
to north of
Four Seasons Private Residences Las Vegas reached topping-out on both North and South towers in MacDonald Highlands this month, with cumulative sales crossing $950 million across the dual-tower development. The structural milestone arrives eleven months ahead of anticipated first closings in December 2025, according to project disclosures.
The towers deliver 267 residences ranging from 2,200 to 7,500 square feet, priced from $2.4 million to north of $12 million for penthouses. Sales velocity places remaining inventory below 30%, concentrated in higher floors and dual-aspect corner units. The project marks Four Seasons' second branded-residence entry in Las Vegas after the original hotel-and-residence tower on the Strip, which opened in 2004 and has seen resale comps appreciate 240% since initial sellout.
MacDonald Highlands sits 1,400 feet above the valley floor in Henderson, twenty-two minutes from Harry Reid International and fourteen from the Strip's northern terminus. The Four Seasons parcel anchors the community's western ridge, with unobstructed sightlines to the Las Vegas skyline and Red Rock escarpment. Developer Olympia Companies structured the project without attached hotel amenities—residents access the 45,000-square-foot clubhouse, Dragon Ridge Country Club golf, and concierge services through a standalone operating model, a format Four Seasons replicated this week in its first pure-residential Cherry Creek announcement in Denver.
The $950 million cumulative figure positions Las Vegas as Four Seasons' third-largest residential sellout by dollar volume in North America, trailing only Surfside Miami (topping $1.1 billion before Champlain Towers collapse reset coastal-condo sentiment in 2021) and One Dalton Boston ($1.04 billion at final close in 2022). Las Vegas absorption ran 180 days faster than One Dalton's pace through comparable construction phases, reflecting both California buyer migration and international capital seeking U.S. gateway exposure without coastal insurance volatility.
Operators and allocators should track three near-term signals. First, Four Seasons' pivot toward pure-residential formats without attached hotels—Cherry Creek follows Las Vegas, and the brand has six additional standalone projects in feasibility across Sun Belt and Mountain West markets. Second, December 2025 closings will set resale comps for MacDonald Highlands' remaining 340 acres of entitled land, with three additional luxury-tower sites under negotiation. Third, Las Vegas residential absorption above $2 million has compressed from 340 days in 2022 to 180 days in Q4 2024, a velocity shift that repositions the market from secondary to primary for ultra-high-net-worth permanent moves.
Four Seasons operates 52 branded-residence projects globally, with 29 in active sales and 11 in predevelopment. The brand's 2024 residential revenue—licensing fees, design consulting, and operating contracts—will likely cross $180 million, a 22% increase over 2023. Las Vegas delivers its first resident keys in thirteen months.
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