HFF has been retained on an exclusive basis by Scenic Investments, K Giles LLC, and Redstone Residential (collectively the “Sponsor”) to present a fully-entitled investment opportunity for the development of a 416 unit, Class-A student housing and microunit development located at 661 North Lake Street in Reno, NV (the “Project” or 661 Lake”). The site is located within a qualified opportunity zone, and is steps from both downtown Reno and the University of Nevada, Reno (“UNR”) campus.
The Project, designed by Solomon Cordwell Buenz, features 219 luxury micro-units and best-in class student housing for 656 beds. When completed, the first-rate multifamily development will have a myriad of indoor and outdoor amenities including a resort-style pool, stand-alone fitness studio, and two secured lobbies for micro-unit and student housing residents.
Located in downtown Reno, just one block from I-80 and two blocks from the UNR campus, 661 Lake’s unmatched location offers immediate access to UNR classrooms and athletic facilities, as well as Reno’s premier shopping, dining, and entertainment destinations. This accessibility demonstrates the site’s high Walk Score of 82, which ranks the site as “Very Walkable.”
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