October 30, 2026 - 1:15 pm

A local developer has acquired a plot of federal land near the M Resort for a pittance, with plans to build a big affordable-housing complex.

Ovation Development purchased around 18.6 acres of Bureau of Land Management property in Henderson for just $100 per acre — or about $1,860 total — in a deal that involved the city, officials said Thursday.

Property records show the developer took ownership of the site, near the southeast corner of Las Vegas Boulevard and Larson Lane, last month.

Ovation, one of the biggest apartment developers in Southern Nevada, plans to build a 390-unit complex for low-income tenants.

Henderson officials, the BLM and Ovation held a news conference at the site Thursday to announce the completion of the land transfer and discuss the project.

All told, the developer aims to break ground on the roughly $113 million project in three to six months, according to Ovation Chief Operating Officer Jess Molasky, who said the complex will include a pool, fitness…