Reno Land Inc., and its Newport Beach, California-based partner are set to appear before the Reno City Council on Wednesday to provide an update on their Park Lane project.
The project update will include design updates and new renderings for Park Lane, according to Reno Land Inc. A timeline for construction also will be provided for the project. The update will be given by Chip Bowlby, managing partner for Reno Land Inc., and Nate Johnson, senior vice president of development for Lyon Living.
Park Lane is a 46-acre, master-planned development on Reno’s busy Plumb Lane and South Virginia Street corridor. The project occupies the former Park Lane Mall site, which was razed to the ground about a decade ago.
Construction for Park Lane was slated for early this year with a projected mid-2020 delivery date. The site underwent site preparation, including replacement of aging sewer lines, for 18 months before it could be ready for construction. Setting up the infrastructure cost $17 million, Bowlby said. As part of replacing the 50-year-old infrastructure, Reno Land Inc. received a $3.5 million subsidy from the city of Reno.
Three more buildings will be constructed after Avant is finished on the parcel’s south end facing Grove Street. The three buildings were slated to have about 300 apartment units, including smaller studios that are aimed at millennials.
Source: Reno Gazette Journal
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