88-acre industrial project on Mount Rose Highway breaks ground
Wednesday, January 31st 2024
The large industrial development in south Reno will also include space for retail, office and multifamily use.
A large industrial real estate project just broke ground in south Reno.
Panattoni Development Company broke ground this month on a new industrial project called 580 South. The project, which encompasses 88 acres, is located in the corner of South Virginia Street and Mount Rose ,Highway. The $155 million project is being constructed in partnership with New York-based real estate investment manager Clarion Partners.
“The South Reno submarket is one of the more desirable areas in Northern Nevada,” said Lindy Deller, development manager for Panattoni Development. “The project will add to an area that already has a lot to offer.”
What is the timeline for the 580 South project?
For 580 South’s first phase, the project will perform mass grading for four Class A industrial buildings that will be LEED-certified.
Class A is a term typically used to denote the newest, highest-quality structures in commercial real estate. ,LEED certification is a green building rating system overseen by the U.S. Green Building Council for environmentally sustainable design, construction and operation.
The first phase will also include super pads that can be used for commercial retail, office and multifamily developments along Mount Rose Highway in the future.
The project will also create a new internal roadway and utility network. These improvements include extending Herz Boulevard further south at the Mount Rose intersection and re-striping South Virginia Street.
The first industrial building will start construction in the second quarter of this year with other site work completed by early 2025.
What is the environmental impact of the 580 South project?
One potential concern about the 580 South project is its impact on Steamboat buckwheat, which is listed by the U.S. Fish and Wildlife Service as endangered. The State of Nevada also considers the plant to be critically endangered.
Panattoni is fencing off the habitat for the Steamboat buckwheat permanently, according to the company. It is also coordinating closely with the Nevada Division of Forestry to ensure that the habitat remains protected.
“The project plans take into account the needs of the area as it grows to accommodate more businesses ,and residents,” Deller said.