Loretto Bay

The project is comprised of three distinct neighborhoods -- Villa Azure, a condominium complex, La Tesoro, a townhouse community, and Bella Lago, a single-family attached subdivision.

"The concept of urban living is one that's really caught on in Las Vegas, and what we're offering at Loretto Bay is the best of that world, and one that comes at a very affordable price," Cox said.

The community is near Green Valley Ranch Station Casino and The District at Green Valley Ranch outdoor shopping mall and offers access to Interstate 215, the Las Vegas Beltway.

The community will feature a community clubhouse, a network of walking trails and a landscaped entrance. Each neighborhood will have its own resort-style community swimming pool and spa.