LAS VEGAS, Dec. 5, 2013 /PRNewswire/ -- The Olympia Companies announced today the launch of its new Las Vegas master planned community named SKYE CANYON. This is the first large Las Vegas residential development since the great recession. The name SKYE CANYON was inspired by the community's innovative indoor/outdoor living concept.

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Tucked between the bright lights of the world famous Las Vegas Strip and Mt. Charleston, SKYE CANYON will be an ageless community built to blend seamlessly with the property's scenery. The 1,700 acre community will offer a variety of amenities for residents to enjoy amid a mountain backdrop and lush greenery. Activities will include an extensive hiking and biking trail system, swimming, a farmer's market, live music, yoga, horseback riding and more.  

"With endless recreation for residents to get outside and explore, we are excited to give the property a name that truly reflects the lifestyle our residents will enjoy," said Garry V. Goett, Olympia's Chairman and CEO. "SKYE CANYON will be a one of a kind community where people can enjoy daily life and have a feeling of being on vacation every day."

Offering bike rentals, sports equipment and more, SKYE CANYON will give homeowners everything they need to support an active, adventurous lifestyle. The property, which borders Grand Teton Drive and Highway 95 in Northwest Las Vegas, is currently planning for 9,000 homes along with commercial and gaming use. Progress continues for a 2014 groundbreaking planned in the Spring.

Olympia Companies, a leading developer known for its luxury residential communities including Southern Highlands, will be the master developer of the project. The property is owned by a group of financial institutions led by affiliates of Stonehill Capital Management, Spectrum Group Management LLC and Olympia Companies.

About the Olympia Companies
Olympia Companies is the prominent master plan developer in Southern Nevada. Olympia is the developer of the Southern Highlands Master Planned Community and the developer and an owner of the Southern Highlands Golf Club.  Southern Highlands is the premier community in the Las Vegas Valley with more than 20,000 residents.

SOURCE Olympia Companies