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Posted by: Wiley_N_Reno - 6/20/2007 8:11:33 AM
I drive by here almost daily. Perimeter fencing is still there, see no activity, sign says land is "For Sale. Looks like the Thoma Lofts are bye-bye.
Posted by: Mike Van H - 6/20/2007 9:19:02 AM
Hi Wiley! Well the For Sale sign was there long before Siena Communities bought the land. This developer is massively behind schedule, but according to them it is still being built. They just finished up a new website for Thoma Lofts, Ive seen it, although I have been sworn to secrecy until they officially launch it. From what other developers in town have told me, Siena Communities is a bit squeemish about the market, and wanted to see how 8 on Center sold before really committing to it. They plan on launching an onsite sales effort once the web site is complete in July, which was moved up from May. Most I have talked to in the industry have given up hope these will be built, however the developer is still actively building up a sales strategy in the background, getting new renderings done, new web site for it, those things arent cheap. I am on the fence with this one. Trying to be the proverbial optimist still.
Posted by: Justin - 10/30/2007 7:42:42 AM
Any news on this project? I can't say I'm a huge fan of the design based on the renderings, but the location seems ripe for infill/urbanization.
Thoma Street Lofts
7/7/2007 - THOMA LOFTS STARTS SALES PROCESS - What a pleasant surprise! A new web site and on-site signs and flags mark the next, long-delayed step for Thoma Lofts, a set of 33 live-work units on Thoma, Virginia and Center Streets. These are architecturally rich in design, with arched windows, and HUGE loft ceilings.
UPDATE 1/29/07 - There were some recent posts about this project being scrapped, so I decided to ask the developer directly.
"Just rumor Mike! We are going to start our pre-sales in April which will include very high level virtual tour of the exteriors, interiors and finishes giving the prospective buyer a good sense of the lifestyle. We are introducing a new lifestyle product to Reno that has been highly successful in other urban markets, received primarily by professionals, both singles and couples. We feel this is the right product for this location however the market conditions are a concern, so we are going to move cautiously."
Also, fencing is now up around the property. And check out the new pics!
Comments:
Post your commentsPosted by: Wiley_N_Reno - 6/20/2007 8:11:33 AM
I drive by here almost daily. Perimeter fencing is still there, see no activity, sign says land is "For Sale. Looks like the Thoma Lofts are bye-bye.
Posted by: Mike Van H - 6/20/2007 9:19:02 AM
Hi Wiley! Well the For Sale sign was there long before Siena Communities bought the land. This developer is massively behind schedule, but according to them it is still being built. They just finished up a new website for Thoma Lofts, Ive seen it, although I have been sworn to secrecy until they officially launch it. From what other developers in town have told me, Siena Communities is a bit squeemish about the market, and wanted to see how 8 on Center sold before really committing to it. They plan on launching an onsite sales effort once the web site is complete in July, which was moved up from May. Most I have talked to in the industry have given up hope these will be built, however the developer is still actively building up a sales strategy in the background, getting new renderings done, new web site for it, those things arent cheap. I am on the fence with this one. Trying to be the proverbial optimist still.
Posted by: Justin - 10/30/2007 7:42:42 AM
Any news on this project? I can't say I'm a huge fan of the design based on the renderings, but the location seems ripe for infill/urbanization.
Click to Enlarge
Click to Enlarge
This will be a nice complement to the 8 On Center project. This project will comprise of three-story units with work/retail space on the bottom floor. This kind of project is ideal for this area, and will fill-in an ugly empty lot that is directly across from Luciano's, a tavern, and a tattoo parlor. On Thoma Street, it will flank the newly built Senior Apartment complex. A portion of the project will also wrap around on Center Street as well.
More info to come! I am excited about this project, it gives people the chance to own both a living space AND a work space with a true retail/commercial facade and feel to it from the outside on street level. This developer, Siena Communities, is also looking at the parcels around the Freight House on Lake Street for live/work units and retail space.
Website: http://www.thomalofts.com/index.html