Panattoni’s acquisition of the land was done for $32.6 million, according to an announcement by brokerage Colliers International, announced earlier this week. Construction is not expected to start until the first quarter of next year, according to Roberts. While project planning is still underway, it is believed it could include a mix of industrial, multi-family, office, hospitality and retail development. partner Doug Roberts, who oversees its projects in Nevada, confirmed in a statement on Wednesday that the firm purchased about 88.7 acres of land at the southwest corner of Mount Rose Highway and South Virginia Street in south Reno, reports Las Vegas Review-Journal. The sale corresponds to a focus from the gaming and hospitality company on selling excess land. Vegas-based Station Casinos has sold nearly 90 acres in Reno, Nevada, to a warehouse developer.
