Henderson Luxury Tower Project Topped Out
The $781 million development reached a milestone as developers report $950 million in residential contracts.
Updated on Oct. 12, 2026 in Construction
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The Four Seasons Private Residences Las Vegas has officially topped out its 24- and 25-story residential towers in Henderson. The luxury project features 171 units and is slated for delivery in the fourth quarter of 2027.
Why it matters
The project signals significant capital deployment in the luxury residential market, with nearly 87% of the 171 units already under contract. The deal highlights the role of large-scale mezzanine and preferred equity financing in supporting major construction ventures.
The development secured $781 million in construction financing, consisting of a $526 million senior loan from JPMorgan and $255 million in mezzanine and preferred equity from Sculptor Real Estate and Morning Calm Management. Currently, 148 of the 171 available luxury residences are under contract.
The players
Suffolk
A national general contracting firm that manages large-scale commercial and residential construction projects.
JPMorgan
A global financial services firm that provides senior lending for large-scale real estate developments.
Wimberly Allison Tong & Goo
A global architecture, design, and consulting firm specializing in luxury hospitality and residential projects.
Sculptor Real Estate
An investment management firm that provides capital for complex real estate developments through mezzanine and preferred equity.
Morning Calm Management
A private real estate investment firm that focuses on equity deployment and asset management for institutional-grade properties.
The details
Suffolk serves as the general contractor for the project, which involves two high-rise towers designed by Wimberly Allison Tong & Goo. With the structures now topped out, crews have moved into the next phase of construction, which includes ongoing glass installation for the building envelopes. The site offers floorplans ranging from 2,300 to 8,400 square feet.
Timeline
May 2023: The project was initially announced.
Spring 2024: Site preparation began at 669 Dragon Park Drive.
December 2025: Construction financing of $781 million was secured.
October 2026: The north and south residential towers topped out.
Q4 2027: The project is scheduled for delivery.
Market Landscape
This development aligns with the broader institutional appetite for luxury residential assets observed during the 2023 luxury high-rise construction surge. The project represents a shift toward large-scale capital financing models for residential towers in secondary luxury markets.
Operators should monitor the project's delivery in late 2027 as a bellwether for luxury residential absorption in the region. Local firms should track how the construction financing mix influences the speed and scale of site development for future high-rise builds.
The takeaway
The successful pre-selling of $950 million in units prior to project completion underscores strong demand for high-end residential inventory. Developers and contractors should examine the specific mezzanine financing structures used here to understand how to bridge capital gaps for large, multi-year projects.
Further reading
For more on industry benchmarks and regional growth, visit Construction.
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