A Florida-based developer has broken ground on a 358-home rental community in South Reno, with the first apartments and townhomes expected to welcome residents by January 2028. The project, known as Pointe Grand Cape at Southport, will rise on a site off Wedge Parkway and marks the company’s first community in Nevada.
Hillpointe plans to build 268 two-bedroom, two-bathroom apartments across 12 residential buildings, along with 90 built-to-rent three-bedroom townhomes, each with an attached two-car garage, according to Connect CRE. The outlet reports the site covers 32.5 acres at 18610 Wedge Parkway, though Multifamily Executive puts the acreage at 23.5 — a discrepancy that remains unresolved between the two accounts. Planned amenities include a clubhouse, a resort-style pool and hot tub, a fitness center, a dog park, and a pickleball court, per the same Connect CRE report.
As KRXI reported, Hillpointe will charge market-rate rents at the South Reno site. Reno City Council member Brandi Anderson said the project could provide entry-level housing for teachers, firefighters, nurses, and people just beginning their careers, and she said housing in the region has not kept pace with regional job growth, according to the same report.
Rents Still a Mystery as Construction Timeline Takes Shape
Specifics on reduced rent prices and eligibility requirements have not been announced, according to KOLO. Amanda Sistrand said rent prices will depend on the average income in the area, and that the units are priced affordably for the workforce community, per KRXI’s reporting. Sistrand also said Hillpointe, which the outlet describes as a vertically integrated company that handles everything from construction through property management, will run the community itself once it opens…