Riverstone Apartments
±31 Acre Fully Entitled Multifamily/Residential Development Site
Marketing description
Riverstone Apartments development is a 444-unit development opportunity consisting of a 31-acre site located just north of Coleman Road. The project is entitled for a garden style apartment community featuring 17 three-story buildings, a clubhouse with a gym and a leasing office. Additional amenities would include children’s playground, a network of recreation trails and open space, a dog park, and a swimming pool, among others.
The property could alternatively be developed into a single-family community due to tight housing availability but will require City’s approval. Churchill County is facing a severe housing shortage within an area projected for strong economic development and a significant increase in job opportunities. This project will satisfy the strong need for apartment housing in the area.
Investment highlights
Rare, large fully entitled development site in a growing market
Situated near major employment centers including Fallon Naval Base, home of Top Gun
Strong Regional Job Growth from Port of Nevada, Tesla, Panasonic
Proximity to major transportation corridors
Development Ready Site. All utilities to site; development studies completed
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