7 Properties In Reno’s Midtown Sell For $16 Million
RENO, Nev. (AP) — Two northern Nevada developers are partnering to buy seven commercial properties in Reno's eclectic Midtown neighborhood just south of the downtown casino district for more than $16 million.
The Reno Gazette-Journal first reported last week that the deal confirmed by Marmot Properties and Tolles Development Co. would be one of the largest transactions in Midtown this year.
It covers about 72,000 square feet of real estate across seven multi-tenant properties known for their mix of small business, eateries, arts and nightlife.
The new owners also are considering building a parking garage and additional mixed-used construction in the neighborhood south of the Truckee River. But they say they intend to preserve historic architecture of any buildings not already damaged by decades of changes and additions.