LAS VEGAS -- Construction is moving forward on Henderson's newest master-planned community.
Cadence is being developed off Lake Mead Parkway just east of Boulder Highway. People headed out to Lake Las Vegas or Lake Mead will notice a lot of construction.
It is the newest master-planned community in southern Nevada called Cadence and developers say this area is in for a building boom.
Cheryl Persinger is vice president of marketing for Cadence. They broke ground in August and developer, the Landwell Company, has grand plans for Cadence.
"We'll have 13,250 homes built in our community once built out, over 10 to 15 years," Persinger said.
Cadence will play a key role for southern Nevada's home building industry's recovery after the recession.
"It is a much slower recovery, and the price gap is a price gap. You're going to pay in some instances more for new. It's just like cars. The technology is off the charts in the last six years with new home building," CEO of the Southern Nevada Home Builders Association Nat Hodgson said.
Cadence has deals with three homebuilders and others are in the works.
"There is a demand for new homes in the valley. Woodside Homes is building in the community. Ryland Homes is building. Lennar is building an active-adult community," Persinger said.
When it's all said and done, Cadence will have more than a $4 billion economic impact but each step of the way helps the economy.
"This entire area of Henderson is in a redevelopment district, and this project, Cadence, will add a thousand jobs annually during the construction period," Persinger said.
The sales office will open in August. A public event will take place in September.