The Las Vegas-based casino company has also said in securities filings that it owns around 89 acres at the intersection of Mount Rose Highway and South Virginia Street in Reno, describing the tract as “land held for sale.”
Its news release did not name the seller, but Washoe County property records and Nevada business-entity filings indicate it was Station. Panattoni acquired the land for $32.6 million, brokerage Colliers International announced this week.Ĭolliers said it represented the buyer. Project planning is still underway but could include a mix of industrial, multi-family, office, hospitality and retail development, according to Roberts, a prominent developer in Las Vegas Valley real estate circles.Ĭonstruction is not expected to start until the first quarter of next year, he said. partner Doug Roberts, who oversees its projects in Nevada, confirmed in a statement Wednesday that the firm purchased about 88.7 acres of land at the southwest corner of Mount Rose Highway and South Virginia Street, in south Reno. (Benjamin Hager/Las Vegas Review-Journal) Casinos has sold nearly 90 acres in Reno to a warehouse developer, records indicate, as the locals-focused resort chain sheds a chunk of its extensive land holdings. The downtown Reno skyline on Tuesday, Jan.
