(For more retail coverage, click GlobeSt.com/RETAIL.)
RENO, NV-The Reno City Council on Wednesday night approved Station Casinos' plan for a 900-room hotel-casino on an 88-acre site at Mount Rose Highway and Virginia Street, about 10 miles south of the Downtown core. The approval included a special-use permits to exceed the 55-foot height limit with three 225-foot-tall hotel towers and build a 165,000-sf casino, which is double the size allowed outright.
A construction timeline for the estmated $500-million project has not yet been announced, but the resort is expected to take two years to design. The Council's approval requires that building permits for the first phase must be obtained within three years and permits for all phases must be obtained within 10 years.
If built, Mt. Rose Station would be one of the first large hotel-casinos to be built in the Reno area in more than a decade. The development would total 3 million sf and include a 150,000-sf Bass Pro Shop outdoors gear store.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.