McKool Smith of Dallas – Lake Las Vegas

by Oct 4, 2024Expert Testimony

McKool Smith of Dallas – Lake Las Vegas

by | Oct 4, 2024 | Expert Testimony

Services: Retroactive Market Analyses/ Appraisal/ Expert Testimony Location: Las Vegas, Nevada Lake Las Vegas is a large master planned community in Henderson, Nevada. The community was planned for three golf courses, casinos, hotels and a variety of home types. The developer created a master plan that was not supported in the marketplace, but the developer obtained a $500,000,000 loan and dispersed the funds, leaving the project insolvent. The law firm of McKool Smith of Dallas, retained THK Associates, Inc. to prepare retroactive market analyses and appraisals for all the land uses, private and public golf courses, significant resort/residential uses, hotel, and retail commercial uses, to demonstrate the lack of market support and overvaluation of the community by their appraisers. Depositions were given and the case settled before trial. THK’s market feasibility and appraisal resulted in a very substantial settlement for the client.

Client

Location

Services

Related Projects

Donald W. Bounds Memorial Park

Donald W. Bounds Memorial Park

by | Jun 2, 2025 | ,

This memorial at Lincoln Commons Park is dedicated to Donald W. Bounds who was involved with the development of Ridgegate from the beginning. Mr. Bounds practiced law with a passion for Civil Rights and justice. The design includes a memorial quote sandblasted into a concrete seat wall and a small bronze plaque describing the life of Donald and why his life made a difference to so many. The design includes a paved “pier”’ lined with ornamental flowering trees that leads to a scenic overlook with views over the park to downtown Denver.

Stanley Marketplace

Stanley Marketplace

by | May 16, 2025 |

Our Team was excited to be a part of the innovative design team tasked with the transformation of the 140,000 square-foot Stanley Aviation building and 22-acre site into the Stanley Marketplace; a mixed-use community destination that has already has begun and will continue to house retail, dining, offices, and a specialty grocer among other diverse potential tenants.

We formulated a concept for the Stanley Marketplace to create an inviting, attractive and functional landscape that accomplishes environmental, cultural and economic sustainability principles.

Our team has prepared a site master plan that includes a 6-acre park-like open space, event terraces and urban market plazas that will further establish Stanley Marketplace as a neighborhood destination.

Stanley Marketplace is the cornerstone redevelopment for the Westerly Creek Village Urban Renewal Plan in Northwest Aurora, Colorado. The landscape design is reflective of the site and its cultural, historic and physical context within Westerly Creek Village and Stapleton.

In keeping with our goal of uncommon respect for people, planet and purpose, we identified native landscape zones and prioritized preservation and restoration, with additional xeriscape plantings that reduce watering needs. The reduced impervious surfaces throughout the site and the reuse of salvaged materials from previous structures mitigate the overall impact of construction.

Donald W. Bounds Memorial Park

Donald W. Bounds Memorial Park

by | Jun 2, 2025 | ,

This memorial at Lincoln Commons Park is dedicated to Donald W. Bounds who was involved with the development of Ridgegate from the beginning. Mr. Bounds practiced law with a passion for Civil Rights and justice. The design includes a memorial quote sandblasted into a concrete seat wall and a small bronze plaque describing the life of Donald and why his life made a difference to so many. The design includes a paved “pier”’ lined with ornamental flowering trees that leads to a scenic overlook with views over the park to downtown Denver.

Stanley Marketplace

Stanley Marketplace

by | May 16, 2025 |

Our Team was excited to be a part of the innovative design team tasked with the transformation of the 140,000 square-foot Stanley Aviation building and 22-acre site into the Stanley Marketplace; a mixed-use community destination that has already has begun and will continue to house retail, dining, offices, and a specialty grocer among other diverse potential tenants.

We formulated a concept for the Stanley Marketplace to create an inviting, attractive and functional landscape that accomplishes environmental, cultural and economic sustainability principles.

Our team has prepared a site master plan that includes a 6-acre park-like open space, event terraces and urban market plazas that will further establish Stanley Marketplace as a neighborhood destination.

Stanley Marketplace is the cornerstone redevelopment for the Westerly Creek Village Urban Renewal Plan in Northwest Aurora, Colorado. The landscape design is reflective of the site and its cultural, historic and physical context within Westerly Creek Village and Stapleton.

In keeping with our goal of uncommon respect for people, planet and purpose, we identified native landscape zones and prioritized preservation and restoration, with additional xeriscape plantings that reduce watering needs. The reduced impervious surfaces throughout the site and the reuse of salvaged materials from previous structures mitigate the overall impact of construction.