Property Movement Downtown

Posted by Downtown Reno Development Feed on April 27, 2007 | Comments (0) | Trackbacks (0)

LINING UP THE DUCKS -
* The parcel (011-450-12) that lies just east of the fire station on 2nd St which is part of the Freight House proposal by the Siena folks, just sold (as of 4/9/07) to an entity called Freight House District LLC with a mailing address in Ventura, CA. Since the Thoma Lofts property is also owned by an LLC with a Ventura address (different one) I suspect that the Siena folks have indeed bought that privately owned parcel and that they are probably still on track to do the Freight House deal with the city.
* The investor group that purchased the old Woolworth bldg last November along with some riverfront parcels by the little park north of the police station) have now purchased the building to the north of Woolworth (parcel 011-061-07) that faces Virginia and currently houses a jewelry/ collectibles store. Wonder what they are up to?
* Also, another investor group has quietly been acquiring properties north of 5th Street between Lake and Virginia. I don’t want to say which properties exactly because I don’t want to jinx their plans, but if you go look at a parcel map you’ll see what I am talking about.