Reno Land Inc. closes escrow on Park Lane property

A Reno real estate company plans to unveil its plans for redevelopment of the 45-acre Park Lane property on Oct. 12.

Reno Land Inc. has closed escrow on purchase of the 45-acre property at South Virginia Street and Plumb Lane. It will introduce its plans to redevelop the high-profile property during an Oct. 12 meeting of the Reno City Council. The city long has identified the site, formerly the home of the Park Lane Shopping Center, as a high-priority for redevelopment.

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