An infill redevelopment proposal is headed to the Reno Redevelopment Agency Board on Wednesday, October 3, and this one could reshape a long-neglected stretch of riverfront east of downtown. The developer—E. Commercial Row LLC (Valeo)—is seeking up to $3,238,000 in Tax Increment Financing (TIF) to help pay for the public-facing infrastructure needed to make a 200-unit townhome project possible along the Truckee River and Union Pacific Railroad corridor.
The project covers 8.49 acres across multiple parcels between Sutro Street and the Wells Avenue Bridge, backed by the UPRR tracks and fronting roughly 1,200 feet of Truckee River shoreline. Today, the area is a patchwork of gravel lots, derelict industrial edges, and one crumbling structure. According to the packet, the site sees frequent homeless encampment, dumping, and safety issues.
Here’s a project breakdown:
- Build 200 rental townhomes (1-, 2-, and 3-bedroom units).
- Add garages and surface parking (424 spaces).
- Install community amenities including green space, riverfront recreation areas, a pool, and trail connections.
- Create a “real neighborhood,” with porches, parkways, pedestrian paths, and both two- and three-story homes.
The project is framed as an anchor piece in pushing downtown residential living eastward toward the ballpark and improving public access to the Truckee River trail network…