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Park Lane Mall Development Breaks Ground

KTVN Channel 2 – Reno Tahoe Sparks News, Weather, Video

By Arianna Bennett

It has been a long time coming, but the old Park Lane Mall site is empty no more. At least, if construction equipment counts.

Reno Land Inc. officially broke ground on a new development Friday, a 1,600-residential-unit master planned community, complete with retail and restaurant space.

“Reno is ready for this type of development,” Reno Land Inc. President & CEO Chip Bowlby said, “and we are here to deliver.”

Park Lane Mall was torn down almost 10 years ago, and the lot has been vacant since then. Now the project has taken its first physical step toward becoming the largest new development Reno has seen in years. And the developer is keen on preserving the site’s history, starting with its name: Park Lane. The iconic clock tower symbol is staying, too.

“You can’t get more excited than this,” Bowlby said. “You could peel me off the roof.”

Elected officials and other big local names filled a tent on site Friday to mark the groundbreaking. Governor Brian Sandoval spoke about his memories visiting the mall as a kid, and then watching its decline through the years.

“To see it basically fall apart over the years and have it knocked down and now have it come back,” Sandoval said, “it really has shown {not just} the life cycle of Park Lane, but the life cycle of Reno.”

The architect of the project describes the design as “modern,” to reflect Reno’s fledgling tech industry. Along with the housing and retail, they’re also planning to upgrade the movie theater and put in a one-acre community park.

“We wanted to bring the surrounding community into Park Lane by providing a central village green, accenting it with retail uses, and really creating a place for the public to come and enjoy this place,” MVE Associate Partner Tim Beuchat said. MVE is the company handling architecture, design, and planning.

Bowlby is investing $600 million into the property, and expects the full project to take three to five years to complete. He expects to see buildings go up by the end of this year, with the first openings next summer.

Source: KTVN Channel 2

Read Full Story – http://www.ktvn.com/story/36171387/park-lane-mall-development-breaks-ground

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