Lake Las Vegas Project Under Way By Barbara Mays / November 05, 1997 Share 1 -- By Barbara J. Mays Reed Travel Features NEW YORK - What once was a developer's vision of a "premier residential and resort development" is a reality. It is called Lake Las Vegas Resort, described by its developer, Transcontinental Properties Inc., as southern Nevada's "only lakeside international resort" destination. Already, millions have been poured into the $4 billion, 2,245-acre oasis located 17 miles from the Las Vegas Strip, in the growing city of Henderson, Nev. Lake Las Vegas Resort's master plan consists of two main developments: MonteLago, a resort area, and SouthShore, a residential community. According to Sherri O'Boyle, vice president of marketing for the resort, construction is moving swiftly on the first golf course, the Links at Monte-Lago; it is expected to be ready by early 1998. Located on the northern shore of Lake Las Vegas, the MonteLago championship golf course bears Jack Nicklaus' signature and, according to O'Boyle, is a "statement of Lake Las Vegas Resort's further commitment to creating and operating a world-class resort." The 18-hole course is the first of three planned for the MonteLago resort community and the second for Lake Las Vegas. "The first opened in 1995 at SouthShore and is the site of this year's Wendy's Three-Tour Challenge, which is set to begin Nov. 4 at the SouthShore Golf Club," O'Boyle said. Besides golf, the proposed master plan for MonteLago calls for resort hotels/casinos, European-style gaming, residential villas, a spa facility, a commercial resort village, restaurants and a private beach club. Located on the lake's nor-thern shores, MonteLago is primed to become an international resort destination. According to O'Boyle, a low-rise Hyatt Regency, the first resort hotel at MonteLago, is being developed on a site that is approximately 37 acres and will feature 500 guest suites terraced into the hillside, a private beach club, two pools, a children's play area, meeting rooms and ballroom areas, restaurants and a public golf house. As planned, the Hyatt will be surrounded on all sides by the Links at MonteLago and also will feature a bay that stretches into the resort's main courtyard. Another project is under way by Grand Bay Hotels on a site located in the Mediterranean-style commercial plaza called the Village at MonteLago. The first phase of the project, according to officials, will include a 200-room Grand Bay Hotel designed to resemble Italy's Pontevecchio bridge; 210 luxury condominium hotel units; office space; a casino; a retail village, and a spa. The project's second phase will include a 350- to 400-room Grand Bay Resort. According to O'Boyle, the residential community of SouthShore was named one of the country's top 10 communities in which to "semi-retire" by Golf Magazine. It comprises 550 acres, offering panoramic views of the 320-acre Lake Las Vegas, surrounding mountains and city lights. Terraced into the hillside, the 360 custom and estate home sites dot the Mediterranean-themed community. Reportedly, sales of these properties are moving briskly. SouthShore also features a limited offering of direct waterfront estate properties (some of the home sites include membership at the SouthShore Golf Club) and afford owners direct access to swimming, sailing, wind surfing and other water sports. In addition, Lake Mead is just four miles from Lake Las Vegas Resort, providing boating and water skiing activities. To reach Lake Las Vegas Resort, take U.S. High-way 95 toward Henderson, exit at Lake Mead Drive and head east to Lake Las Vegas Parkway. Transcontinental Properties Inc. is a subsidiary of Transcontinental Corp., with entities owned by Sid and Lee Bass of Fort Worth, Texas. Transcontinental, located in Santa Barbara, Calif., is a real estate development and investment company with diversified projects throughout the U.S. Contact Lake Las Vegas Resort on the Internet at http://www.lakelasvegas.com.