Midtown Lofts is nearly complete! If you're not familiar with the project, it's on the corner of Sinclair and Stewart Streets between downtown and Midtown. It's across the street from the UNR Center and the Discovery Museum.
There are three new single family homes, two duplexes (one alley-facing and one facing Stewart Street), and two older existing structures, one facing Sinclair and one facing Stewart Street.
Midtown Lofts will host an open house on Saturday, Oct. 21 and Sunday, Oct. 22 from 12 to 4 p.m., open to the public.
The bungalows range in price from $509,000 to $529,000, and the lofts range in price from $589,000 to $599,000.
Reno Midtown’s Marmot Properties will be the listing agents for S3 Development Co. to offer sales on the homes. The pricing is based partially on what the Cottages at Midtown, the collection of Craftsman style homes on Mt. Rose Street surrounding the Redfield Mansion. Those all sold last year in the mid $400,000's.
Architect Mike McGonagle with MAC Associates, Inc. designed the Midtown Lofts and Sinclair Bungalows. The homes were built by Troy and Travis Means of Homecrafters.
Check out photos of the project below.
At those prices, the average buyer will need to make more than a $80,000/year. Hipsters, even the trust funders, will be hard pressed to take on a $3,400 mortgage/taxes/insurance payment.