A new affordable housing complex is breaking ground in South Reno on July 24, 2018. GreenStreet Companies and Vintage Housing are building Steamboat by Vintage, a new 360-unit development expected to open in summer of 2019.
The complex is designed for working families at or below 60 percent of the area median income, developers said, with rent estimated to be $500 or more below market rents in the area. The exact price of the units was not available.
“This is the first new large rental community in 15 years that is being built at a level that the average working family can afford,” said Jim Zaccheo, co-founder of GreenStreet Companies. “With the extreme rent increases we have seen in Northern Nevada these 360 new apartments will give working families an affordable opportunity to live in a brand new very high-quality apartment community.”
Steamboat by Vintage will consist of 360 one- to three-bedroom units in 15 buildings, Zaccheo added. It also includes a 4,085-square-foot clubhouse that includes a fitness center, community room, and pool.
The development is located on 18 acres on the southeast side of Geiger Grade Road and South Virginia Street, along Steamboat Creek and across from The Summit.
“We worked closely with the city planning staff to incorporate a looped nature trail along the Creek to allow residents and their children plenty of recreational opportunities onsite,” said Dane Hillyard, co-founder of Greenstreet. “This includes a sports court, recreational playfield, tot lot, multiple barbeque/picnic areas, and a dog park.”