Take the fast lane from South Reno to Sparks

The SouthEast Connector (formerly the Tahoe/Pyramid Link) is scheduled to be complete in 2017 and will provide a more efficient alternative for commuters who travel between south Reno and east Reno/Sparks. It has been in the works for 50 years and is now under construction – and not a moment too soon.

The new roadway – to be called Veterans Parkway – will stretch 5.5 miles from the intersection of Greg Street/Sparks Boulevard to the Veterans Parkway and South Meadows Parkway intersection. The road will be three lanes in each direction and have a limited number of intersections between Greg Street and South Meadows Parkway. The project will be designed to meet the safety criteria of a high-speed roadway with features including wide shoulders, full median and/or barrier rail, turn lanes at intersections, and separation of the multi-use path from vehicle lanes.

Tahoe Reno Industrial Center Dresses to Impress with Tesla.

As we stood there staring out over thousands of acres of rolling hills at Tahoe Reno Industrial Center (TRI), we could hardly imagine what it will look like five years from now. Just 9 miles from Reno/Sparks on Interstate 80, sits one of the most impressive Industrial Parks ever seen and it is stirring up some major change for Northern Nevada.  Recent projections include 51,060 new jobs over the next five years – and that is just from companies currently on the books. Companies like Tesla, Switch, Wal-Mart, PetSmart, 1-800-Flowers, IBM, Diapers.com, Ebay, Hardie Building Products, and about 120 additional businesses have already hung their hats here. What draws these great companies to this impressive 107,000-acre park (see map here) that encompasses a developable 30,000 acre industrial complex? Below are just a few of the reasons…

1.) Storey County is a dream to work with. Your facility can be on a “fast track” schedule because the sites are pre-approved for industrial land use and located in a pro industrial development county.

• Record setting turnaround for permits: Record of Survey (5 days) Grading Permits (5 days), and Building Permits (30 days).
• Most industries have already been pre-approved, which means they can go straight to architectural review and building permits.
• No state or local government development fees or exactions.
• No corporate, personal, inventory or unitary tax; no impact fee.
• Lowest property taxes in the region

2.) The infrastructure is in place already.

• Plenty of water with 11 wells 800-1,200 feet below
• A unified framework of individual water/sewer systems and backbone facilities
• State-of-the-art fiber optics
• On-site power plant with 900 mgs of power
• All utilities available in right-of-way
• Domestic and high-pressure gas available
• 9 miles of railways in the park

3.) The surrounding communities are ready to support the growth.

• Tier 1 University (UNR) & Medical School
• Community College & three Business Colleges
• Liberal right-to-work laws
• Comparably low cost of living

Currently, there is approximately 11 million square feet of industrial space already in use, but that number with quickly multiply when Tesla and Switch complete their buildings. Tesla has secured over 3,000 acres in the park for maximum security with the ability to build a 30 million square foot building. While it can be very tough to get past the security gates to the Tesla section, it is well worth it to tour the rest of TRI park. The Walmart Distribution Center holds 4 underground stories of deep freeze and the 1 million sq. ft. at PetSmart includes 50,000 sq. ft. of fish tanks for imported fish. Switch has about 1,000 acres and plans to build an 8 million sq. ft. facility to hold the data for some of the 1000 top companies in the world. These are just some of the examples of what makes up this impressive industrial park. More updates on TRI and how the Reno/Sparks area is stepping up to meet the growth to follow soon.

Homes for Sale in Reno (Part 1)

Reno is still experiencing a strong "seller's market" for homes under $600,000 but we are seeing a few price reductions for homes with lofty expectations. If we look at all of the Reno/Sparks area, the average sales price is $290,000. While it is a small decrease from July, it is 16% over last August. 

Now let's dig down a bit deeper into a few hot neighborhoods of Reno...

OLD SOUTHWEST RENO:  There are currently 35 homes on the market in the oh-so-cool Old Southwest part of Reno, ranging in price from $220,000 to $16,400,000. 20 of the 35 homes are over $200/sq. ft. Interested in a bungelow in Old Southwest? 15 of the 35 homes are listed under $400,000. See a complete list of Old Southwest Reno homes HERE.  

WEST SOUTHWEST (Most of Caughlin Ranch and Juniper Hills): There are currently 36 homes on the market in the prestigeous West Southwest part of Reno, ranging in price from $339,000 to $3,700,000. Just 9 out of the 36 homes are under $200/sq. ft.  Looking for the most impressive address in Reno? 16 of the 36 homes listed are over $1 million. See a complete list of West Southwest Reno homes HERE.

NORTHWEST FOOTHILLS (Somersett area): The desirable Somersett area of Reno has 65 homes active on the market, ranging in price from $245,000 to $1,450,000. Quite a few good deals to be found with 26 out of the 65 homes at less than $200/sq. ft. See a complete list of West Southwest Reno homes HERE.

I will explore additional areas in the coming weeks but call me if I may answer any questions you have about a specific area of Reno.