According to Zillow, the 9300 Gateway Drive property in South Reno was recently bought for five million dollars over its estimated value.
The buyer? Leggera Development, a developer group with numerous properties in southern Nevada, which has as its tag line, “Reinventing the Blueprint for Modern Development.”
Their About Page indicates they are “Creating Top-Quality Institutional-Grade Apartments And Build-To-Rent Communities In Las Vegas NV, Reno NV, And Phoenix AZ.”
The website indicates they will be constructing a “79 unit two-story town home development in South Reno at 9300 Gateway Drive.”
You might remember a two-story house and a massive tree just up the street from the “South Reno Athletic Center.”
A home built in the year 1918 existed on the lot which also included an additional subunit which was built years later. This property stood the test of a time in a South Reno that has developed expansively of late, favoring suburban neighborhoods and tech industries.
This lot is located at the base of Huffaker Park on the south end of the hill in between large apartment complexes and nearby business spaces. The demolition of the property serves as symbol to the transformation of Reno and its economy from 1918 until the present.