Proposed Downtown Kimpton Grows in Size

by Mike Van Houten / Oct 8, 2021

At last night's Downtown Reno Partnership town hall, which had an economic focus, CAI Investments representatives provided a bit of a 'mic drop' moment when providing attendees with an update on their projects. If you haven't attended one of their town halls yet, I highly recommend. It's a great source to get updates on stuff happening downtown and learn about the great things the DRP is doing. 

A representative of CAI Investments said that the Regina Apartments, the older building next to Park Tower on Island Avenue, will be turned into a spa for the Kimpton Hotel. He also said that the previous design for the building has been scrapped and it will now be a single tower that they believe will be the tallest tower in Northern Nevada. There will supposedly be seven levels of parking with retail on the ground floor, two levels of offices beginning on the eighth floor, and then the hotel. Not sure how many stories total. It would open in 2024. The first permits for the redesigned project are 'ready to go to the city' 

I don't think the rendering I included is the final design, it was one of the more recent ones I could find. It's definitely taller than the original proposed. But it doesn't match the description. So I'm sure we'll find out eventually.  

They also gave an update on Reno City Center as well. 

The first floor of the project will be retail, including a grocery store. Floors 2-4 will be a tech company soon to be announced with 400 to 600 workers. Basement will be mini storage. Soft opening February 2022. A Starbucks will be involved.

Post your comments
  • October 8, 2021 - 9:25:39 AM

    Are they doing away with the condos that were originally planned for the top floors?

  • October 8, 2021 - 2:32:33 PM

    Soft opening February 2022?

  • October 8, 2021 - 8:46:09 PM

    If it becomes reality, our skyline will be much better

  • October 11, 2021 - 3:25:08 PM

    Will there still be a condo aspect to the project? Also...soft opening in Feb 2022?

  • November 3, 2021 - 2:55:21 PM

    For the apartments, the interior has been demoed to the steel and concrete frame and the units are being rebuilt back with new materials. As I understand they will be market rate apartments (But more supply should help address the supply shortage and hopefully soften prices), but because they are doing it as Opportunity Zone project the owners are committed to owning (not selling as condos) for minimum of 10 years. I believe the funds are from Idaho and they are investing in a couple of projects in downtown Reno, and are committed to the market for the long term. I have had a couple conversations with them.

  • November 15, 2021 - 11:17:54 PM

    Looks like this website has stalled just like the development downtown.

  • April 2, 2022 - 1:40:08 PM

    Where do you guys find the renderings for these projects?