Rancharrah PDF - Reno Land, Inc.

RENO LAND
DEVeLOPMENT COMPANY
Rancharrah
A legendary opportunity
right in the heart of Reno
Rancharrah is situated in a
prime Reno in-fill location and includes a
30,000 sq. ft. mansion, 52,000 sq. ft.
Rancharrah is a
141 acre Master
Planned Community
consisting of:
climate-controlled equestrian center, 8,000
sq. ft. studio, gate house, beautifully
landscaped grounds and additional
117 acres fully entitled for
691 residential units.
infrastructure with all utilities available
onsite. With its central proximity, builder
friendly topography and existing
infrastructure, Rancharrah is the most
desirable in-fill development in Reno. The
project is fully approved and all 117
residential acres are ready for development.
11.8 acres fully entitled
for office/medical/retail use
12.3 acres fully entitled for
office/commercial use
395
SPARKS
80
80
RENO
Convenient in-fill location situated less than
five miles from downtown Reno, and offers
easy access to I-580 and McCarran Blvd.
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580
S McCarran Blvd.
659
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r
Rooted in History
Norman Blitz, the “Duke of Nevada,”
originally owned Rancharrah, which
was later sold to gaming magnate and
founder of Harrah’s Casino,
Bill Harrah, in 1957. Over the years,
this magnificent estate has hosted
presidents, notable dignitaries
and some of the biggest names
in entertainment.
Market Overview
Influx of major employers
brings massive growth to the region.
In September 2014, Tesla Motors, Inc. announced
Reno, NV as its location to build a new $5 billion, 10m
sq. ft. battery gigafactory. Tesla is expected to generate
over $100 billion of economic growth in Nevada over the
next 20 years.
Switch announced on January 15, 2015 that it will
build a 3.5m sq. ft. data storage center, and according
to Storey County, Switch is now in discussions on an
additional 8m sq. ft.
Telsa has since pulled permits to build 24m sq. ft. and purchased
an additional 2,000 acres on July 20, 2015.
The factory is currently under construction in the Tahoe Reno
Industrial Complex (TRIC).
TRIC will have a substantial impact on the Reno/Sparks MSA.
Companies from Silicon Valley and across the U.S. are following
Tesla and Supernap’s lead.
42 companies have relocated or announced plans for relocation or new facilities in Reno since 2014.
Demand
9,000 new residential units will
need to be built each year over the
next five years to meet the
unprecedented demand for new
homes in Northern Nevada. The
Economic Development Authority
of Western Nevada (EDAWN)
is projecting that by 2020
Reno will have:
9,000 per year for 5 years
Investment Highlights
The time to invest is now.
• Unanimous approval from the City of Reno
Planning Commission, City Council and
Regional Planning
• Increased demand for single-family housing
• Perfect property in a convenient infill location
• Experienced and seasoned management team
• Attracting major company headquarter relocations
• Significant expected job and population growth
Village Offerings
RANCHARRAH
Illustrative Land Plan
This historically
significant property will
include seven residential
Villages along with
commercial and retail
opportunities. Villages
will range from urban
residential to
estate-style lots.
Section
Villages 1 & 2
Village 3
Village 4
Village 5
Village 6
Village 7
Events Center
Equestrian Center
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Land Use
SF
SF
COTT
COTT
SF
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20
RC
Acreage
19.9
14.4
3.4
5.5
20.8
14.6
14.5
17.4
11.6
12.3
Units*
64
48
20
20
123
310
-
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The Development Team
Reno Land Development Company (RLDC)
Reno Land Development Company
is led by a group of experienced real
estate developers and entrepreneurs.
The Principals have successfully undertaken 30+ residential,
multi-family, commercial and industrial development projects
totaling over 5,000 lots, homes, and apartments, as well as four
million square feet of commercial and industrial developments
located in Western Nevada, Northern California and Idaho.
Chip Bowlby
Thomas Merschel
Bowlby’s expertise is in financing, land acquisition, product
design, product re-positioning, and marketing of residential
projects. Previously served as the Director of Sales,
Marketing, Land Acquisition and Product Development for
New Cities Development Group, a large residential real
estate developer. Bowlby also was President of Bowlby and
Company, Inc., and was the Regional Vice President of
Property Management Operations and Acquisition for a
national single-family and multi-residential builder.
Currently based in Reno, Nevada.
Merschel’s expertise is in the financing, land acquisition,
entitlement processing (e.g., zoning, CEQA, mapping,
development agreements, assessment districts, Federal and
State biological permitting) and civil design for residential
and commercial projects. Previously Merschel served as
the Director of Forward Planning and Development for
New Cities Development Group. Prior to joining
NCDG, Merschel was the Director of Finance and
Planning for a large single-family and multi-residential
builder (Delco Builders) located in the San Francisco Bay
Area. Before his tenure at Delco, Merschel was a Vice
President loan officer for Security Pacific National Bank
(“SPNB”), responsible for a significant loan portfolio
consisting of major office and residential projects.
Merschel began his career with SPNB as a construction
inspector and headed the bank’s Northern California
construction services department. Merschel earned a
Bachelor of Science degree in finance from San Diego
State University. Currently based in Monterey, CA.
Lee Newell
Chuck Reeves
Formed New Cities Land Company, Inc. (“New Cities”),
based in Monterey, California, in 1984. New Cities has
historically operated in Northern and Central California;
however, it expanded into Reno, Nevada, in 1998, Phoenix,
Arizona, in 1999, and Tampa, Florida in 2003. New Cities
entered into new single-family development transactions
with institutional joint venture partners in a series of single
asset entities. After 1998, New Cities concentrated its
business activities in land use entitlements, multi-family
residential developments, and in commercial investment
grade properties. New Cities acted as the managing general
partner or managing member in all of its ventures. Sole
owner of New Cities, Newell has been in the real estate
development business for 35 years and has developed over
1.2 billion dollars of real estate. Graduated from the
University of California, Los Angeles in 1970 and received a
J.D. Degree from the University of San Francisco School of
Law in 1975, followed by an L.L.M. Masters in Taxation
Degree from the New York University School of Law,
Graduate Division in 1977.
Reeves has been in the real estate development and golf
business for over 25 years, developing high-end golf
communities throughout the United States. Graduated
from the University of Colorado School of Law in 1979 and
began his development career with Jack Nicklaus
Development Company (JNDC). Over the next seven years,
JNDC developed 5 high-end, gated golf communities.
Reeves initially managed site selection and feasibility
analysis and then managed the day-to-day development of
Wynstone in suburban Chicago, the most successful
Nicklaus community to date. Reeves then consulted on a
variety of golf community projects. In 1997, formed the
Michael Jordan Golf Company with basketball star Michael
Jordan. The company owned and operated a golf practice
center and 3 retail stores in Chicago. Reeves then became a
partner in Pasadera, a gated community with a Jack
Nicklaus signature golf course. After Pasadera, Reeves
assisted the Nicklaus organization in a variety of real estate
endeavors, and most recently developed The Idaho Club
with partners Chip Bowlby and Tom Merschel.
Bradford Smith
Brett Bates
Sherry A. Wagner
Seasoned real estate developer with 40 years of hands on
experience in development design, county and city
approvals, land sales, on/off-site pro forma, budgets,
contracting and construction management throughout
Northern and Southern California. Smith’s vast
knowledge and multifaceted experience has proven to be
invaluable to four prominent developers, including
Signature Homes (division of Stuard Industries),
Donald Bren Company, Barratt Irvine and American
National Housing Corporation, where he held an
executive position and was directly responsible for the
bottom line. Smith holds a State of California General
Building Contractor’s License and a State of Nevada
General Building Contractor’s License. Attended
University of California at Irvine with Construction and
Construction Management as his major.
Over 15 years experience in the construction and real estate
development industry, and has been a licensed CPA for 25
years. Mr. Bates has worked in the defense industry with
top secret FBI clearances and as a Finance and Tax Director
for a Fortune 500 company. Licensed general contractor in
the State of Nevada and has been the President and Owner
of multiple businesses, including a construction and real
estate development company, mortgage brokerage, real
estate brokerage, and six manufactured housing dealerships
throughout Northern Nevada and California. Bates
attended the University of Nevada, Reno where he obtained
a BS degree in Business Administration and an MBA with
an emphasis in finance.
Previously the Vice President of Operations for
Monterey Development Group, and responsible for
entity formations, corporate insurance programs, human
resources, and company systems. As a Senior Manager of
Monterey Advisory Group, Wagner was responsible for
conducting reviews of developer’s accounting systems,
performing job cost audits, reviewing draw requests, and
managing the disbursement control procedures for
clients’ troubled projects. Previously, Wagner owned
Wagner Business Services, a company that provided
consulting services in the areas of accounting systems,
asset management, business planning, and investor
relations. Wagner was also the Operations Manager for
a securities investment company, and an Associate
Director for a large title company.
RENO LAND
DEVeLOPMENT COMPANY
RenoLandDev.com
RenoLandDev.com
Information included in this document has been obtained from sources believed reliable. This information is assumed correct and has not been confirmed. Any projections or estimates have been
provided as example only and do not represent the current or future performance of this property and the Reno market as a whole. © 2015 Reno Land Development Company, Inc.