Construction is underway for Midtown’s first mixed-use development, according to developers.
Expected to be complete in the summer of 2016, the new development will be the home of Bristlecone Holdings, SDL Jewelers and Morgan’s Lobster Shack & Fish Market from Truckee, Calif.
The project will add 31 on-property parking spots and 12 on-street parking spaces.
“1401 Midtown will further define the district with a hip, contemporary dual-purpose development,” said Blake Smith, chairman and CEO of S3 Development, a development company. “We took an older, brick building, added to it, and are creating an outdoor gathering space that appeals to urban dwellers, professionals and millennials alike.
“We uncovered the beautiful brick walls from the building – which haven’t seen the light for over 62 years – and have modernized the experience, making this project very attractive to the entire community.”
The project will feature a 1,800 square-foot plaza and patio area, which will be designed for patio dining, and be furnished with fireplaces, a bar and modern décor. It will have views of the Sierras.
Adjacent to the 1401 Midtown commercial development will be a residential component, called Tonopah Lofts, which will have eight, two-story, 1,700 square feet townhomes. The townhomes are expected to be priced from $300,000 to $400,000 when they are finished in early fall.
Smith is a longtime developer in Reno who oversaw the creation of Somersett.