As we approach spring, there is a great deal of activity on Lake Tahoe Boulevard. At Stateline, the Zalanta condominiums (part of the Chateau project) are well under construction and due to be complete as early as the end of this year. Just down the road, construction on the Highland Village is complete and the owners are seeking new tenants. On the Nevada side, the old Wells Fargo building is for sale and there has reportedly been a great deal of interest to purchase this well placed property.
At Ski Run, the city has announced plan to buy and demolish the Knight’s Inn. The property will be combined for development with the parcel at the corner of 50 and Ski Run. The developer, Halferty development Company of Anaheim, will announce an anchor tenant shortly.
In Al Tahoe, 3115 Lake Tahoe Blvd has been sold and will be renovated, both interior and exterior. The Harrison Avenue project begun by the city continues to roll out. The new owners of the Tribune Building seem to be almost complete with their renovations as well.
At the Y, Sutter Capital is rolling out plans to convert the Factory Stores into The Crossing at Tahoe Valley. Numerous modifications will change the look and feel of the property, opening up the property and adding some attractive new architectural highlights. Across the street, the Barton Ranch (next to Raleys) has been torn down and is now being eyed for commercial development.
Finally, the Highway 50 Loop Road project is proceeding apace. The various agencies involved have been seeking public comment and the schedule seems to be looking at approval in 2017. This will be a potential game changer for the Stateline community, providing for a more walkable, bikeable tourist core.
It looks like a banner year for new development and re-development on the South Shore. It is good to see this sort of commitment for our community.
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Craig S. Woodward
Commercial Specialist
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