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twitterAnother downtown property could convert to condos
Wednesday, Aug. 3, 2005 | 9:24 a.m.
RENO -- The Golden Phoenix Hotel Casino and Resort could follow other downtown Reno properties in converting to condominiums.
A developer has applied for a permit to renovate the 604-room hotel into 388 residential units with commercial space and a health club.
The permit application says the condos would cost an average of $350,000.
The former Comstock and Sundowner hotel casinos are currently undergoing similar conversions.
City Manager Charles McNeely said the trend is meeting a real estate demand for more people who want to live downtown.
Besides the hotel renovations, several other condominium projects are in the works along the Truckee River.
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