Various Tidbits - Sierra Vista Tower, Reno Aces and More

I took a tour last weekend, The sales guy said that there are more residents in the montage then in most of the other towers combines. He showed me a two bed unit for $128 per square. I have also seen adds on craigslist for 2 bed units for $1500-1650 monthly. In the bike storage room, it is about 50% full. I was very impressed with the overall look and feel of the building.

Thanks for the update. I visited Montage a couple days ago and was told that they have now sold about 75 of the 370+ units. Prices (on the few that are being offered) are around $125 plus or minus per sf - but are being sold cash only. If you value capital at bit less than 5% per annum, that works out to about a $6 per sf implied cost (not too bad I suppose) but when you add in $.41/sf/mo for association fees, that adds another $5/sf/year to the cost. Adding that to the implied purchase cost brings the total to $11/sf/year... 9 percent or so of the purchase price per sf which still seems a bit steep IMO. But, it is good to see that they are now about 20% sold - only 80% to go :-) On Wednesday, we went the the next to last home game for the Aces. Had a great time. What is next on their construction agenda? In April you posted: "In a sorely needed dose of positive news, Sk Baseball reveals that as rumored on this site, the next component of the ballpark district will be a bowling alley/tavern inside the old freight house building, currently not used. They also revealed that a new attraction will be going on a vacant lot next to the Freight House Building, and that this will be announced Memorial Day." Is the Freight House renovation still on their schedule? And, did they ever announce something new for the "adjacent vacant block" (presumably the "Mizpah block"?

Hi RenoSteve! Nice to see you on the site again. I believe the phase that was announced on Memorial Day was the sand volleyball court and outdoor lounge area which is located behind the 250 Lounge, kind of tucked away next to the old Freight House. The developers mentioned that construction on Phase 2B would begin in 2011 and be complete by 2012 if they received STAR Bond assistance. We'll see if that still pans out!

I noticing new business' going in downtown and still none going into the ground floor level of the Riverwalk tower.....the Riverwalk tower developer is PATHEDIC!!!!!

I moved to Reno in early august after looking for months on end for a reasonably priced downtown condo that allows dogs (our dog is very small). The prices seem to have gone up by about $100-150 since the beginning of the summer. Try doing a search for 'tower' (and 'montage') on Reno's craigslist and you'll see a lot of 1br condos going for over $1200.

Isn't Danne's Den's location the same as Port'o'Subs across Vino Jungle? Also, a bar curfew in Reno when you allow casinos to serve alcohol 24 hours is discrimination plain and simple. That's like saying casinos can only serve food 24 hours but close Golden Flower, China Diner, Gold'n'Silver and Denny's at 2 AM simply because they're not casinos. The bars should create an assocation and sue the city if this comes about. There was a shooting at W 2nd St Bar and everyone wants to shut down bars, but when there was a shooting at Circus Circus last week, nobody was rallying to shut down the casinos. A few years ago, bikers killed each other in casinos. How many people have been shot and murdered in bars in Reno??? You know who's behind all this anti-bar movement in downtown Reno? The older folk who bought condo's downtown, because they wanted to live downtown. Maybe they should have done a little more research. Downtown is where the nightlife is. You moved into the CENTER of Reno's nightlife. It's going to get rowdy with late night drunks. That's life! Young people get rowdy and drunk, and then they grow up, make money, get old, buy condo's downtown and complain about loud, rowdy, drunk young people late at night. Go figure! How about we turn every bar into a prune juice bar. Downtown Reno would die, and all the condo property values would plummet, and there would be no downtown economy, and the old folk would have to take taxi's to Summit Sierra to go shopping and eating.