Downtown Construction Update - Marriott, Virginian and More

Hopefully Siegel does something with the façade of the building. Otherwise it looks like it will be a blank concrete wall.

I'm sure Siegel will uphold the same standards of excellence on the Virginian project that he has shown on his other local and Vegas projects. He presents to the Council on his Truckee River Lane project Wednesday. I predict a backhand bitch slap to the face, but the Council never fails to surprise me.

I'm old enough to say I'm sorry to see the Virginian go. It was never a four star hotel, but for a guy in his 20's, it offered up a good room and central location to a lot of gaming. I like what I see in Reno. Was up twice in Aug. I have posted before about the pluses of the downtown. Evan with the decline in gaming, the town can use those casinos that are left as an accent to a thriving nightlife. Can't wait for the Marriott to open as well as the new dinning hot spots. As far as Siegel, could be savior or saint. The new hotels and cleaning up eye sores is a plus. The only thing I wonder is how many downtown rentals can the market take. It's a fun town, but it's not San Francisco. There is still plenty of land to build on east and north of town. For me, if I have a "clean" hotel and can walk safely to the CalNeva again (like the 80's), I'm a happy visitor again.

RenoFan, I read an article recently that mentioned our rental vacancy rate in Reno is around 2%, and that in some parts, was as low as .44%. That would be a good indicator of growth yes?

Yes, that does sound like it is a healthy growth rate. With new jobs on the horizon downtown could really become a destination point again.