The Waterfront Project was one of the largest residential projects proposed for downtown. The pinnacle of luxury, and perhaps the pinnacle of ridiculousness looking back in retrospect, it was still a beautiful concept to look at. After the real estate market crashed, the project morphed into a smaller collection of buildings, before the land was finally taken back by the bank.
It's now owned by a subsidiary of Herb Simon and his partners, the same people behind the Reno Aces Ballpark. He told the RGJ in Decembr 2014 they have no immediate plans for the property, but plan to develop it in the future with retail and lodging.
4/22/2009 - DEVELOPER TO START WITH TWO RESTAURANTS FACING RIVER - Vero Development announced t othe city council that it has dramatically scaled back its plans for the Waterfront site, starting with two restaurants facing the river. Once tenants are signed for the restaurants, construction will begin. There is a rumor that Men Wielding Fire might occupy the sales office constructed for the Waterfront project, but that hasn't happened yet.
1/22/2008 - REWORKED WATERFRONT DISTRICT DOWNTOWN RENO - Vero Development has been silently adding more details, as few as they are, to their specialtyfi.com web site. They added a 2009 ground breaking date, the project has now officially been renamed to 'Waterfront District' and as you can tell by viewing the pics on their page, the project has been reworked, the buildings downsized a bit, and a beautiful Stremmel-like structure in front of the Truckee River. The good news is, at least these people are still actively working on this project. The project has a new description, dubbed as 'A master planned micro-neighborhood on the banks of the Truckee River in Reno, Nevada by Carrier Johnson of San Diego. The project is expected to include restaurants, retail shopping, a boutique hotel and high-rise condominiums.' Click here for the pics.
5/11/07 - ANOTHER INTERESTING WATERFRONT TIDBIT - Channel 4 news at 5:00 did a short story on Wingfield Towers filing bankruptcy, and towards the end of that story, Sarah mentioned that the Waterfront Project, which originally was going to build the condo towers first and then the retail portion, has switched plans and will build the retail portion first, then the condo towers. Interesting!
5/8/07 - INTERESTING WATERFRONT DISTRICT TIDBIT - Sometimes you can run across interesting tidbits looking at the Minutes posted of previous meetings. In this February Ward 1 Neighborhood Advisory Board meeting minutes document is the most recent clue to the fate of the Waterfront Project, more recent than the previous news that it had stalled out. In the Public Official (Dan Gustin) report to the Board, Mr. Gustin noted that the Waterfront project is moving forward. So at least as of February, 3.5 months ago, the project is still moving forward according to Gustin. In that same discussion, Gustin reported that 'projects already in development will be finished, but others in the
planning stage will not be started because of the housing market.' Good news for the Waterfront, bad news for other certain unnamed projects.
12/11/06 - WATERFRONT DISTRICT - A reliable source informed me that the guy from Portland running the Waterfront project has put his fancy smancy Sommersett home up for sale. Is he skipping town? Or just unhappy living in the Northwest? The optimist in me that you've seen post hopeful rants about the Waterfront is quickly leaving, being replaced by skepticism. I have received quite a few emails from folks who feel as duped as I do, that the city of Reno would go through all the trouble of pretending the project was moving forward just for the League of Cities. Oh well. The Waterfront folks should sell the property instead of sitting on it, if they arent going to build; and turn that half-complete sales office into a nice diner, or perhaps a museum for projects that never get built.
10/13/06 - UNOFFICIALLY DEAD UNTIL FURTHER NOTICE - This project has stopped in its tracks. Construction on the sales office has been absent for a few weeks now; no construction equipment on site at the sales office, and according to the Waterfront's previous press, ground work and closing of first street was supposed to start this past Spring. City of Reno officials have no comment on the project.
7/22/06 - NEW PICTURES ADDED IN GALLERY BELOW, ADDED MASTER PLAN - Scroll down to see some new renderings of the building plus the site layout. Get the Master Plan PDF by clicking here. Just note, in the master plan they note two areas which will be 'meadows' until the second phase of the project and second tower is built. I hop when they say 'meadow' they don't mean dirt lot, however I doubt that would be the case.
7/17/06 - FIRST STREET ABANDONMENT CONTINUES FOR WATERFRONT PROJECT - Backtracking a bit, in the previous City Council meeting, the council agreed to let Vero move forward with the First Street Abandonment, which includes removal of 29 parking spaces. The issue was whether Vero should find alternative parking spaces immediately and hold up the project, or let it move forward by having Vero pay an in-lieu fee for each parking space lost.
05/24/06 - CONSTRUCTION BEGINS ON SHOWROOM MODEL, which will be located across the street from the actual project where the Oxford Hotel used to be. Check out the construction photos, the project has begun!
Ok can you say amazing? Because that's what this project is. Construction will begin shortly, now that the First Street issue has been solved, yeah baby!
We're talking 35 story glass tower designed by renowned architect Carlos Zapata, world-class business park, and entertainment plaza.
Here is where the building will go. It's at the end of First Street, where it cuts across diagonally to 2nd street, right across the street from La Famiglia and across the River from the Auto Museum.