The former site of Park Lane Mall has been in flux, but developers today unveiled more plans for the property at Plumb Lane and Virginia Street. The development will be a pedestrian-friendly, live-work, multi-use space with a 170-room hotel and a food hall called The Market Hall.
“For the past year, together with Lyon Living, we’ve been working toward raising the bar on our design and bringing to life our vision of a new lifestyle in Reno,” said Chip Bowlby, president
The development will incorporate renewable energy, and The Market Hall will have fresh produce, grab-and-go meals, groceries, artisanal bread, pastries and coffee.
“Working on a parcel like Park Lane is a dream come true. Here, we have 46 acres to create something truly special for Reno,” said Nate Johnson, a Lyon Living, a partner on the project.
Construction of the backbone infrastructure is complete. Phase one of construction, which includes four residential buildings, starts this year. Residents are expected to move in by the end of 2020 or early 2021.
Construction on phase two will begin in late 2019. Phase two includes retail space, the hotel, and The Market Hall. More residential space will be constructed in 2020 with a finish date sometime in 2023.
There will be about 600 units going up in Phase 1, with more to come later. Units are about 860 square feet on average. Pricing information is not yet available.
SOURCE: Reno Land Inc. / The Abbi Agency
UPDATE: this story has been updated with the number of units being built.