In this week’s city council meeting, during the RDA portion of the meeting, one of the agenda items is a hearing for a developer to purchase riverfront land for a new townhome development that includes a pedestrian- and bike-link to the ballpark and downtown.
You can find it here, starting on page 638. On a side note, I love how the City refers to these documents as 'Agenda Packets', making them sound like a simple three-page document and not a 700-page-long novel. I don't envy the council members for having to read these novels prior to each meeting. So much info to absorb.
Anyway, the property is located on East Commercial row, just east of the Wells Avenue overpass, the location of one of the larger homeless encampments in Reno that was recently removed by the City. The parcel numbers are APN 011-450-21 and APN 008-370-33. The developer, Canon Investment Group, would like to buy it for $430,656.
The land in question is only a portion of these parcels, totaling 81,536 square feet.
In the gallery below, you can find maps, and renderings, pulled from the Staff Report.
According to the staff report, the mission of the project is to ‘Create a townhome rental housing community with a park and open space celebrating the Truckee River’s edge, with an active pedestrian and bike link along the river trail to the Greater Nevada Field and downtown.’
The project as proposed consists of 225 units, with 85 one bedroom, 80 two bedroom and 60 three-bedroom units.
The site consists of 1.52 RDA-owned land, and 5.66 acres from privately owned parcels.
The timeline if all goes well and there aren’t too many hiccups, would have the groundbreaking occur in 2022 and the units leasing in 2024.
It’s unclear how the pedestrian bike link would work, but in one of the images in the staff report, there appears to be a link that will cross the river over to the Tahoe-Pyramid Bikeway, thus linking it to the Ballpark and downtown.
It appears that Sutro Street to East Commercial Row will be the primary access point for residents and cars.
Parking for residents will reside underneath the residential units, thus eliminating the need for a parking garage or a large parking lot.
It’s an interesting location for a residential project, if not even a bit ballsy, being next to Waste Management’s recycling center, and an industrial-ish area of the city you wouldn't expect a townhome project to be built.
If done properly however, it could be a great catalyst for this area. What are your thoughts on the project? Is the asking price fair, for essentially-unused land the RDA owns? The Reno Redevelopment Agency could certainly use the money. What are your thoughts on the project itself, as proposed?