AmLand Development began as a modest homebuilding company nearly two decades ago. Today, the company – led by Wayne Krygier, chief executive officer and president, and Chet Nichols, executive vice president – has grown to become a notable mixed-use and residential developer in Las Vegas with a respected presence within the Las Vegas real estate and development communities.
The company’s philosophy is simple: it aims to create appropriate, attractive and practical developments that exceed the minimum standard; and endeavors to develop projects that are positive contributions to neighborhoods where they are found.
Currently, AmLand Development, in a joint venture with BSR Group USA – a publicly-traded global developer with a reputation for innovative engineering – is building the mixed-use community of ONE Lifestyle Condominiums Las Vegas. The property, which spans 20 acres at the corner of Las Vegas Boulevard South and Blue Diamond Road, will feature two high-rise luxury condominium towers, along with low- and mid-rise and brownstone residences, as well as office and retail space. “The new lifestyle condominium projects, such as ONE Las Vegas, have an added value upon which you cannot put a price,” said Nichols.
AmLand is also developing the Tuscan-themed Prima at Lake Las Vegas, a niche community in the resort location. The project utilizes AmLand’s contemporary design, development execution and commitment to exceptional value.
The company has worked on numerous projects including: View Pointe, a development of one- and two-story homes for first-time buyers located in Northwest Las Vegas; Mountain Gate Townhomes, two-story luxury townhomes in a gated community; Villa Trieste, a luxury townhome community; Tournament Hills Custom Homes, large contemporary luxury homes located in Summerlin on the Tournament Hills Golf Course; Vila di Lago at Lake Las Vegas, resort style homes on the North Shore; and Park Avenue Luxury Condominiums, the first urban mid-rise lifestyle condominiums in Las Vegas.
In 2003, AmLand was chosen by the National Association of Home Builders to build the official showcase homes for Vila di Lago at Lake Las Vegas. The homes featured a unique integration of home products and technology, coupled with the latest architectural trends. The homes created for the community were the first townhomes ever produced for the Builders Show, which featured trend-setting architecture and technology.
According to Nichols, the current downturn in real estate is an overreaction similar to the exuberance exhibited during 2002 through 2005. “In 2008, I think there will be a tipping point where demand will catch up with supply,” Nichols said. “When this happens, the value of residential real estate will return to replacement cost, which is higher than the current sales prices.” Despite the current housing market slump, the company keeps progressing. It plans to focus its upcoming efforts on mixed-use and in-fill developments within various markets in the Western part of the country.