Downtown Reno Walk
So given the bleak news of yesterday, I wanted to do something positive today. I headed out for a walk to Brickhouse Bakery, in the hopes of finding out when and if they are closing for good, however the owner wasn't there and I wasn't about to ask a random employee about that, just in case it's purely rumor, no need to freak them out. Anyway, to my astonishment Subway is open already. I think it was just 3 weeks ago when it was empty with a Coming Soon sign. I am not a fan of Subway...I am Port of Subs all the way...but since people usually like either one of the other, there is probably room for both downtown. I thought there was a Subway in Harrah's though?
Also, I snuck in some shots of Gringos while they had all the windows open for ventilation during construction. I also snuck up to the Montage pool deck for some impromptu photos. Corus' future may be uncertain, but things seem fairly solid at the Montage. Pool deck furniture looks great, they opened a Rowhouse Model, and the sales gallery moves into a Rowhouse space as well, and is now located on Sierra Street. When I popped in to say hi, two of the sales people were up in the building giving sales tours already, at 9 in the morning on a Saturday.
Post your comments
Posted by: Nettie - 8/22/2009 10:48:12 PM
Mike, you're running a high risk of becoming an Art Photog here. Montage needs you on their PR team.
Posted by: urbanblog - 8/22/2009 11:55:46 PM
I really don't get the row houses at montage. Those make more sense to me as retail suites.
Posted by: Montagebuyer4 - 8/24/2009 11:24:29 PM
I couldn't help but notice in all the stunning pictures of the Montage their wasn't a person in sight. Perhaps you could give us a little insight to what's really happening there - sales numbers, ownership status, Ruth's Chris, other commercial tenants, etc. I looked at the structure last weekend and saw one light on in the entire building at 9 PM. Downright scary. Still a beautiful building, just wondering what's really going on.
Posted by: DowntownMakeoverDude - 8/25/2009 11:20:54 AM
Last I heard, there were 30 closings. How many of those people who actually live full time in the Montage I am unsure. There have been some cancellations, I think around 20 or 30, and the remaining people still holding contracts are in limbo. Some of those holding contracts are banding together to force a legal refund of their deposits. I think this is bogus. Montage delivered the product they said they were going to, and even offered deep discounts on units. I bought my house, and I don't get my deposit back if I decide I can't afford it or because I bought at the wrong time. Ruth's Chris is up in the air, last I heard they had a signed lease, but were negotiating with L3 Development to possibly occupy a smaller space. But that was a loooong time ago. Ruth's Chris itself is not doing well financially.
Posted by: Parttimer - 8/25/2009 2:11:19 PM
Mike took those pictures early in the day, and actually later that same day there was about 40 people poolside enjoying a pool party. The Montage is a great building and the people living there are fun. I am a part time resident, wishing I could be there more.
Posted by: Steve Watts - 8/25/2009 3:02:06 PM
The Montage is a great building, which makes it all the more depressing to see it dark every night.
At this point there's really only one thing standing in the way of it selling very well: the price. Way, way too high, set at the peak of the bubble, not reduced enough and still bearing no relation to local wages. When they face reality, I'll be in line myself.
Posted by: Montagebuyer4 - 8/29/2009 6:03:40 PM
Mike, you might think buyer's wanting a return on their deposit as bogus, but let me give you my perspective. As a depositor on the building in 2006, with promises of the building being ready to occupy in 2007, I still can't purchase my unit. That's because I agreed to buy a loft, which still hasn't been made available for purchase. Do you actually think it's fair that I am held hostage with my deposit? I can't buy, not only because there is no financing for the project, but even if I wanted to pay cash I can't. I can't buy another place because they won't return my deposit.
I appreciate you work for them. But if you find this situation bogus, and compare it to buying your home, you need to step back and do some investigating.
Otherwise your just writing advertisement.
Posted by: DowntownMakeoverDude - 8/29/2009 6:26:17 PM
In that case Montage Buyer yeah I can understand why you would want your deposit back. I don't work for them, at least not anymore. I went there this weekend on my own account, just to see what's up.
You know as well as I do there were buyers who bought purely as an investment, not as a place to live in, and my comment was really geared toward that group of folks.
The question is, what's going to happen if someone bids on Corus, or if it goes back to the government? Wouldn't that release you from your contract anyway? or no?
Posted by: Montagebuyer4 - 8/30/2009 8:57:02 PM
There is a lot going on with the Montage to the point some is fact, some is speculation, some can't be said here due to the ongoing lawsuits, and some is based off what inevitably will happen in the near future. Regardless, in all this is the the overlying fact that nobody with the Montage is communicating with us buyers, at least in my instance. I haven't heard boo from MMC or Corus in so long it's like I don't exist.
It's a beautiful building that shortly will have new owners. Let's hope those new owners get going on selling the units and getting the building occupied, then we can begin to move on with the downtown development.
BTW - any news on the Fitzgerald?