News 12-5-07 Retired Wingfield and Thoma

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Posted by: MattO - 12/5/2007 3:57:20 PM
I thought someone said that the Wingfield project was sold and they are moving forward. Hmmmmmmmm

Posted by: Brian - 12/6/2007 8:51:38 AM
There has been no news here about the property selling. The website for for Wingfield towers has been removed. It leads one to believe that this project is dead,at least for the interim. The developers are not talking. Also we are in this housing stump.I will still hold out hope that this will be built after this housing depression. I don't foresee anything going on that land. Lets hope for the best.

Posted by: indamernreno - 12/6/2007 9:13:44 AM
maybe Dave Aiazzi can give us an update on the wingfield and waterfront tower project. Really hoping to see them get off the ground, but with the real estate market the way it is I am not surprised. Housing market is really killing the economy

Posted by: Mike Van H - 12/6/2007 12:18:37 PM
Sometimes Dave stops by and comments, he may provide some insight you never know. Did you catch his interview on Nevada Newsmakers ysterday with Leal? Very interesting. If its any consolation, Dan Gustin when interviewed on Channel 2 in September regarding Wingfield's Bankruptcy plan said something to the likes of it will be a miracle if the project is built. The guy who owned the land Wingfield needed still owns it, as the commenter above noted. Also, there are no coming soon signs on the property. And you know, deep down, I wonder if maybe we would have regretted a building that large being built right on the river. The Waterfront is a different can of beans altogether. I have heard consistent rumors from multiple sources that actually match up. I've heard things like: "The Waterfront's initial design concept was too expensive, so they went back to the drawing board", and "They are putting the residential tower on hold, and starting with the retail component first' which included an additional Stremmel gallery. Then, Mark Lewis at November's CAC meeting said he was expecting a submittal or review of the Waterfront's new plans 'Any day now'. When you look at the site plan for the baseball stadium, even in the most recent one released, it showed a crop of retail buildings on the Waterfront Lot but no tower, so this matches up and is consistent. So that's my prediction for the Waterfront lot. Retail first, tower second, instead of the reverse. You can bet though once the baseball district is developed, and the Hyatt goes in on the other side of the Waterfront Tower offices (I know, confusing, the existing tower there is also called Waterfront Tower) that the Waterfront residential tower won't be too far behind.

Posted by: BUGSY - 12/6/2007 2:17:28 PM
I remember when the wingfield tower plans were first shown, I had the thought in the back of my mind that this project looked and seemed to big for Reno. I guess I was right..It was too big with all the other condo projects in construction or planning. Mike was right when he mentioned retail comes first then housing. Reno now needs to focus on the baseball stadium and the track cover. Make downtown so attractive that developers with REAL money will invest in housing.

Posted by: David - 12/7/2007 1:54:28 PM
I noticed the Waterfront tower has 2 towers on their drawing. Are they both condos?


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