Ovation Development Corporation is a real estate development and general contractor that designs and builds Class-A apartment communities. Founded in 1984 by Alan Molasky, the company is a premier multi-family resort style developer in Las Vegas Nevada. Employing more than 300 employees representing all facets of design, construction and project management, Ovation has designed and built 33 apartment communities consisting of 8,340 units and valued at more than $1 billion. The company is on track to complete five more multi-family developments by the end of 2022.
Of particular note is Ovation’s commitment to affordable housing. In fact, Ovation Development is one of Nevada’s largest and leading developers of affordable housing for low-income seniors and working families. Designed and built to the same standards as its market-rate projects complete with a plethora of amenities and services that meet or exceed the standards of market-rate communities, Ovation’s affordable housing communities currently total more 1,900 units at 13 different communities with more under development.
In addition, the Ovation Property Management (OPM) division specializes in multi-family property management for Ovation Development Corporation-owned assets. OPM transitions company assets from construction to stabilization in the challenging lease-up environment. OPM has a full-service professional team who have a depth of experience in management, leasing and marketing of multi-family properties. To provide senior affordable housing communities with a rich social infrastructure that includes transportation assistance to shopping and medical appointments, gatherings, events and activities for residents, Ovation Property Management partners with Coordinated Living of Southern Nevada, a nonprofit that provides low-income seniors with services designed to promote health, security, happiness and independent living.
Ovation Development Corporation is a subsidiary of The Molasky Group of Companies, which since 1951 has designed and developed award-winning properties in all aspects of the real estate industry, spanning office, commercial, residential, multi-family, retail, healthcare, aviation, law-enforcement and correctional properties.
Multi-Family Projects:
HENDERSON/SOUTHEAST
Adiamo: 1350 W. Horizon Ridge Pkwy., Henderson, NV 89012
Arzano: 6275 Boulder Highway, Las Vegas, Nevada 89122
Aspire at Paseo: 1490 Paseo Verde Pkwy., Henderson, Nevada 89012
Aspire at Sunridge Heights: 3161 Sunridge Heights Pkwy., Henderson, Nevada 89052
Chateau Calais: 975 Seven Hills Drive, Henderson, Nevada 89052
Elevate: 111 South Gibson Rd., Henderson, Nevada 89012
NORTHEAST LAS VEGAS
Diamond Vis: 3779 Autzen Stadium Way, Las Vegas, Nevada 89115
NORTHWEST LAS VEGAS
Inspire: 2656 North Buffalo Dr., Las Vegas, Nevada 89128
The Grove: 2901 North Rainbow Blvd., Las Vegas, Nevada 89108
Tivoli: 4650 N. Rainbow Blvd., Las Vegas, Nevada 89108
SOUTH LAS VEGAS
Positano: 10115 Jeffreys St., Las Vegas, Nevada 89183
Summer Winds: 2725 West Wigwam Ave., Las Vegas, Nevada 89123SOUTHWEST LAS VEGAS
Aspire at Tesora: 9465 W. Post Road, Las Vegas, Nevada 89148
Viviani: 9625 W. Russell Rd. Las Vegas, Nevada 89148
SUMMERLIN/LAKES
Altessa: 100 Park Vista Dr., Las Vegas,, Nevada 89138
Aspire at Grand Canyon: 9950 W. Tropicana Ave., Las Vegas, Nevada 89147
Aspire at Tropicana: 9110 W. Tropicana Ave. Las Vegas, NV 89147
Madera: 2600 S. Town Center Dr., Las Vegas, Nevada 89135
Radiance at Grand Canyon 55+: 9860 W. Tropicana Ave., Las Vegas, Nevada 89147
Radiance At Rock Springs 55+: 1501 Rock Springs Dr., Las Vegas, Nevada 89128
San Croix: 8000 W. Spring Mountain Rd., Las Vegas, Nevada 89117
Tuscany: 725 S. Hualapai Way, Las Vegas, Nevada 89145
Venecia: 3644 S. Fort Apache Rd., Las Vegas, Nevada 89147
Affordable Senior Housing Projects:
Crescendo: 9550 W Russell Rd, Las Vegas, Nevada 89148
Arioso: 9270 S. Quarterhorse Lane, Las Vegas, Nevada 89178
Melody: 8680 W Oquendo Rd, Las Vegas, Nevada 89148
Harmony: 4200 N. Tenaya Way, Las Vegas, Nevada 89129
Acapella: 5025 East Mohave Ave. Las Vegas, Nevada 89104
Ensemble: 2675 Agate Ave. Las Vegas, Nevada 89123
Minuet: 4652 N. Rainbow Blvd., Las Vegas, Nevada 89108
Tempo: 5625 S. Hollywood Blvd., Las Vegas, Nevada 89122
Ovation’s Commitment to Affordable Housing:
- Ovation believes that all residents, regardless of socio-economic status, deserve a quality home.
- That’s why Ovation has committed a portion of its resources to design and build affordable housing to the same standard of quality as market-rate housing projects, complete with recreational amenities and resident service components.
- Ovation’s decades of real estate development expertise and business acumen has enabled the company to streamline the affordable housing development process, bringing the total development cost in substantially less than the average cost incurred by other builders of affordable multi-housing communities.
- Ovation secures ownership of the land, oversees zoning and entitlements, and manages the design and construction of each project. That, coupled with the company’s understanding of tax incentive programs and government funding sources helps to ensure it can develop affordable housing projects that pencil financially for lenders, investors, the company, and most importantly, the residents of these communities.
- The company’s years as an established Southern Nevada business and community leader have provided it the insights and knowledge to forge public/private partnerships that help ensure the financial viability of its projects