DCG Lists Virginia/Center For Sale, a Mixed Use Development in Downtown Reno
September 18, 2018, By Patrick Sheehan
Dickson Commercial Group (DCG) presents one of the largest contiguous land assemblages for sale in downtown Reno, a mixed use developed called Virginia/Center.
The offering includes 10 contiguous parcels totaling 1.935 acres (84,180 square feet) of mixed use land. The current zoning is Mixed Use Downtown Regional (MUDR).
“This is an attractive, solid footprint for the continued redevelopment in downtown Reno,” said Tom Fennell, CCIM of Dickson Commercial Group. “We believe the project will encourage redevelopment on surrounding streets because it is one of the last contiguous blocks available in the downtown area.”
This unique assemblage is directly in the heart of downtown at the base of the University of Nevada, Reno corridor, just blocks south from the University of Nevada, Reno campus. Directly to the west of the parcel is The Row owned by publicly traded Eldorado Resorts, which is currently reinvesting over $50 million into its properties.
Directly to the north of the property, University Housing Group has closed on and is beginning construction of Canyon Flats, a six-story, 158-unit student housing complex that will house more than 500 university students. It will feature a 24-hour fitness center, a coffee bar, study rooms on each floor and a rooftop pool. Directly to the southeast of the property is the Reno Events Center, a 7,000-seat multi-purpose arena for events that range from top-notch entertainment to a variety of special events, conventions and conferences.
The property is listed at $6,734,400. Tom Fennell, CCIM, Dominic Brunetti, CCIM, Scott Shanks, SIOR and Harvey Fennell from DCG are the brokers on the project.