Breaking Ground on New Affordable Housing Complex in Northwest Reno on Sept. 4, 2018
Reno-based GreenStreet Companies and Vintage Housing building 288-unit Sky Mountain by Vintage Housing
RENO, Nev., August 21, 2018 (Newswire.com) - Affordable housing in Northern Nevada is about to see even more change in Northwest Reno. On Sept. 4, GreenStreet Companies and Vintage Housing will break ground on their next affordable housing project Sky Mountain by Vintage, a brand new 288-unit development. This infill location, near the intersection of South McCarran Boulevard and Interstate 80, will be available to residents who earn at or below 60 percent of the area median income.
WHAT: Sky Mountain by Vintage Groundbreaking
WHEN: Sept. 4, 2018, at 10:30 a.m.
WHERE: 4855 Summit Ridge Dr., Reno, NV 89523
“This is the second new large rental community in 15 years that is being built at a level that the average working family can afford,” said Jim Zaccheo, co-founder of GreenStreet Companies. “With the extreme rent increases we have seen in Northern Nevada, these 288 new apartments will give average working families an opportunity to live in a brand new, very high-quality apartment community."
With the extreme rent increases we have seen in Northern Nevada, these 288 new apartments will give average working families an opportunity to live in a brand new, very high-quality apartment community.
Expected to be complete during the fall of 2019, Sky Mountain by Vintage will consist of 288 one-, two- and three-bedroom apartments, as well as community amenities that include: a fitness center, community room, pool, tot lot, pet zones and barbeque and picnic areas. The new apartments will be generously sized and include EnergyStar appliances, LED lighting, energy-efficient heating and air conditioning, kitchens complete with full-size appliances, washer and dryers, and extensive cabinet and closet storage. Every unit will have an exterior patio or balcony to allow residents their own private outdoor space.
The development is located in what used to be the Great Western Market Place 10.5-acre parking lot. (The adjacent Great Western building has been repurposed as an indoor self-storage facility.)
“This project would not have been possible without the strong support of the City of Reno and State of Nevada who have both worked to assist us in the financing of this badly needed new rental housing for Reno’s working families,” said Ryan Patterson of Vintage Housing.
“Without support from Mayor Schieve and the City Council, this project bringing affordable housing to Reno would not have been possible and 288 families would not have the opportunity to afford a great place to live here next year,” said Dane Hillyard of GreenStreet.
Reno-based GreenStreet Companies and Vintage Housing are the developers of Sky Mountain by Vintage, Steamboat by Vintage (360 affordable apartments under construction in South Reno) and Vintage at the Crossings (230 senior affordable apartments in South Reno nearing completion). Together, the principals of GreenStreet Companies and Vintage Housing have developed over 15,000 market rate and affordable apartments, with over 3,500 in the Reno-Sparks area.
Source: GreenStreet Companies