Fifteen years ago the rugged hills west of Reno were thought of only as home to sagebrush, thistle and dirt. Where many saw barren undesirable land, S3 saw opportunity.
Locals doubted S3’s ability to manifest the 3,000 acre, 3,700 home Golf community, now known as Somersett. Fast forward to present day as he traverses the 25 miles of road systems amid the 27-holes of golf, Smith continues to marvel with wonder at all it has become.
In 1991, Smith was seeking land in Northern Nevada that he felt he could develop and bring higher standards of a modern fully amenitized Master Planned Community (MPC) to Northern Nevada, a concept then unseen in the market. To bring his vision to life, Smith needed a mass of land, foresight, and capital.
Unable to find one single piece of land capable of hosting the full concept, Smith embarked on an aggressive plan to assemble and acquire 48 different 40 and 80 acre parcels from varying owners, eventually over 10 years amassing the land needed to develop the vision.
Following eight years of negotiations and purchase deals, Smith finally had the minimum land holdings necessary to complete the vision. Then embarking for an additional four years and several million dollars to entitle the land for the MPC. Always fearing the worst, Smith now speaks with nostalgia, recalling countless worrisome and sleepless nights, not to mention thousands of hours of meetings assembling the lands and entitlements needed to break ground.
Construction began in 2001, and throughout the course of development, $395,000,000 was spent to create the infrasture and amenities for what stands as one of the finest communities in Northern Nevada today.
In all, the multi-billion dollar award winning MPC includes 18 holes of private golf, a nine hole Homeowners Association golf course, two 25,000 sq. ft. community clubhouses, two full parks, nine pocket parks parks, 1,200 acres of open space, and 27 miles of trail system. Overseen by a programmed homeowners association, Somersett continues to be one of the most sought after communities with some of the highest home values in Northern Nevada.
1 East Liberty
Seeing a unique opportunity to acquire and reposition an iconic Reno property, S3 Development successfully negotiated the acquisition of the 96,000 sq. ft. U.S. Bank building located at 1 East Liberty Street in 2013. The business plan featured three specific build out phases: The Green, Repositioning / Remodeling, and Gathering / Pedestrian.
Envisioned as a bustling hub of business and community activity with a modernized look and feel at the City of Reno’s “Main & Main” intersection, Virginia Street and Liberty Street.
Investing more than $4.2 million dollars in the overhaul and remodeling, the end result is seven floors of office and retail space, a revamped parking garage, and state-of-the-art utility infrastructure and cloud based software updates.
To date the building’s green renovations have been able to reduce utility bills by more than 50%. The 14-foot high floor plates and unique 10-foot sheets of glass windows wrapping the entire building pull together a classic and clean professions look.
Currently an impromptu meeting and networking hotbed, S3 also constructed a custom Starbucks café, outdoor plaza with seating, and additional parking spaces at 1 East Liberty.
Sprint Building at Meadowood Mall
Acquired more than 10 years ago as a tired bank branch, this central Reno property underwent an aesthetic and infrastructural overhaul by S3 Development.
The building was modernized with completely new reflective glass walls, enhanced landscaping, and updated interiors. Reintroducing the property as a prime retail and office location it has had wonderful reception, as the building now enjoys a 100% occupancy rate. With two floors of professional office space, it is most easily recognized for its flagship bottom floor resident, Sprint Cellular.
Boasting a plethora of quirky, contemporary eateries, nightlife and locally owned retail businesses, Midtown District is the heart and soul of an emerging cultural identity currently sweeping the city.
Excited by the energy and progress of the “Reno Revival”, S3 purchased the existing 9,000 sq. ft. former Heritage Bank building in 2014, which will soon be the home of the largest mixed use re-development in Midtown.
Rebranded as “1401 Midtown”, the renovations at 1401 S. Virginia Street will transform the 60-year-old building and lot into Midtown’s first urban community. The building will be expanded from 9,000 to 21,827 sq. ft. of commercial retail and 12,800 sq. ft. of new single family lofts for a total of 24,623 sq. ft. of mixed use product. Once completed, 1401 Midtown will contain 8,000 sq. ft. of professional office space, 4,600 sq. ft. of retail and 5,200 sq. ft. of multiple restaurants and bars and will include three apartment rooftop lofts within the existing brick structure. Also to truly make the project a modern work/live mixed use project, eight new contemporary single-family loft homes will be built onsite for rent or sale. All of this new and existing will be wrapped around a newly developed 2,000 sq. ft. Plaza for outside gathering and dining.
Romantically aesthetic with the exposed original brick walls, rooftop decks, and urban-style lighting and landscaping throughout the property, 1401 Midtown will offer an opportunity to shop, work, and live in one of the city’s most thriving and promising neighborhoods directly on Virginia Street, Reno’s main boulevard.
1401 Midtown’s 35,000 sq. ft. of new development is slated for completion in Spring 2016.
Reno’s S3 Development Company begins sales on the Midtown Lofts and Sinclair Bungalows––six townhomes, three bungalows and two original Victorian homes at Stewart and Sinclair Street on the north edge of the vibrant Midtown District.
These long-awaited chic, modern designs incorporate spacious decks and large rooftop living / entertaining areas in collaboration with an urban, contemporary interior. Gathering spaces were envisioned to create a dual indoor/outdoor lifestyle within a micro-community.
“New residential areas are needed in the ever demanding Midtown District,” said Blake Smith of S3 Development Co. “These homes will be a breath of fresh air amongst the older structures and will be an additional step towards discovering Reno’s new identity, Reno’s really never seen anything like this before.”
Reno Midtown’s Marmot Properties will be the listing agents for S3 Development Co. to offer sales on these brand new homes. Marmot has been recognized as a key player within Midtown for redeveloping the city’s center-including some of the homes surrounding the new construction site. With a strong focus in midtown, the company has gathered a sales team with experience in new and modern home sales while being a part of the evolution in Reno’s development.
“Marmot knows Midtown,” said Bryan T. Raydon of Marmot Properties. “Being deeply involved in Midtown Reno’s resurgence, we couldn't be prouder to be the brokerage representing S3 Development on this exciting project.”
The lofts and bungalows come fully landscaped, fully fenced and designed for low-maintenance living ranging in size of 1,544-square-feet to 1,995-square-feet. Each unit includes an outdoor living covered rooftop deck, and all units include parking and garages. Stylish interior finishes blend with striking exterior designs to achieve an ideal outdoor/indoor lifestyle in a vibrant micro-community.
These structures are bringing similar architecture from big cities like San Francisco and Portland, to the heart of Reno. This concept hasn’t been developed here yet and will provide a cutting-edge approach to living in Reno. In addition to the diverse amenities, owners will not need to pay a monthly homeowners association fee.
“These homes are situated in walking distance from restaurants, bars and retail spaces,” said Smith. “It’s the perfect home for entertaining in the city or choosing to bask in the hustle and bustle of downtown.”
Architect Mike McGonagle with MAC Associates, Inc. designed the Midtown Lofts and Sinclair Bungalows. The homes were built by Troy and Travis Means of Homecrafters.
Sales of the new homes will come as S3 Development Co. prepares to begin construction of Midtown Lofts sister project, Tonopah Lofts.
Smith, a longtime visionary developer in Reno, focuses a lot of his current work on the renaissance of downtown and Midtown neighborhoods, along with residential communities and apartments in both Reno and Sparks. Earlier, he oversaw the creation of the award-winning Somersett master-planned community.
Schedule a showing with a Marmot Properties representative today, contact Bryan Raydon (775) 301-5289 and Janet Raydon (530) 448-9116.
Adjacent to the recently renovated S3 Development project’s 1 East Liberty Street, this brand new Starbucks opened its doors in the fall of 2014 offering a stylish streetscape cafe and eatery adjacent to the primary office structure.
Rather than simply place the coffee shop inside of 1 East Liberty, S3 chose to build a custom stand-alone building to enhance the look and vibe of Reno’s “Main & Main” intersection.
Sparing no costs, its contemporary design constructed atop the frame of an existing underground parking garage super structure features a drive-thru window, patio seating, and 1,920 sq. ft. of indoor space on Virginia Street. The bustling hub now bridges Downtown Reno’s expanding Riverwalk District and Midtown Area with a pedestrian friendly streetscape and gathering place for fresh coffee and food seven days a week.
Adjacent to the Reno Aces baseball stadium this .6-acre lot and 3,300 sq. contemporary building will soon be the home of handcrafted libations and an indoor/outdoor belt of entertainment for baseball fans and downtown dwellers to enjoy.
As part of an ongoing effort to support the fusion between downtown and Midtown, S3 Development purchased the site on the corner of 2nd and Lake Street in May of 2015, with expansion plans to create a thriving activity center in its place.
Plans have begun on a lively outdoor patio with food and libation options to serve as a casual gathering location before and after the Aces games.
Nestled in the heart of Reno’s North Valley region are the 344 large single family lots entitled, developed and ready for sale. The project is commonly known as “Cabernet Highlands “and offers excellent access to US 395.
Cabernet Highlands is conveniently located in walking distance to the Alice L. Smith Elementary School, the North Valley’s High School, as well as the North Valley’s Library.
Surrounded by over 600,000 sq. ft. of restaurant and retail, Cabernet Highlands is designed to provide Reno families a safe, wonderful, and thriving community to call home.
Sterling Ridge Townhomes
Phase II of the Sterling Ridge community entails 87 finished townhome lots. All lots are surrounded by breathtaking views of the Sierra Nevada Mountains and Truckee Meadows, as well as shopping and recreational conveniences.
Conveniently located off McCarran Boulevard, and less than ½ mile from US 395, this private setting allows a low maintenance but fully robust home buying opportunity. More than 500,000 sq. ft. of restaurants, retail, and the Wildcreek Golf Course are within walking distance of the community.
The townhomes will provide unabated views of the Sierra Mountains, and utilize the already built on-site amenities including a swimming pool, children’s playground, barbeque areas, and concrete paver streets. The Sterling Ridge community provides all the needs and desires for low-maintenance family living. Housed at the crossroads of Midtown and downtown, S3 Development’s acquisition of a series of large lots at the corner of Sinclair and Stewart streets will transform a series of land holdings into 11 single-family bungalows and Lofts.
The eight 2-and-3 story Midtown Lofts will feature rooftop decks perfect for entertaining in the city setting along with backyards. The four bungalows will be 2-story with access to open outside entertaining decks. Residents can bask in the hustle and bustle of downtown and enjoy its year-round events while living in easy walking distance to Midtown’s hottest restaurants, bars and retail.
Aligning with Reno’s identity transformation, S3 plans to deliver chic lofts and bungalows for professionals and hip urbanites designed to maximize home comforts.
Occupancy will begin in Fall of 2015.
4th Street Apartments
Located at 4275 W. Fourth St., S3 Development is proud of being a part of the Mayor Hillary Schieve's "Blight Busted" initiative.
The project entails the creation of 164 new, attractive apartments looking over the Truckee River and Sierra.
The apartment complex will be located on an eight-acre parcel with easy access to McCarran Boulevard and Interstate 80.
Being in a very central location, this transformation hopes to bring a positive image among locals and city visitors.
Lyfe at the Marina
Located at the corner of Marina Gateway Drive and Lincoln Way, next to The Outlets at Legends, 280 luxury apartment homes will be meeting the much-needed housing demands in Sparks.
The luxury apartment homes with spacious floor plans consist of a mix of one-, two- and three-bedroom units will feature modern high-end finishes, 11-foot ceilings, kitchen islands and home-style touches.
Amenities will include a clubhouse with a resort-style pool, outdoor entertaining areas, and kitchens.
295 Holcomb Avenue
The building is located in walking distance to downtown Reno with ample amount of street parking in the area.
Located on Pueblo and Tonopah, these duplexes will be finding their home on the southwest corner of Midtown.
Reno Midtown’s Marmot Properties:
The listing agents for S3 Development Co.’s Tonopah Lofts.