The Sparks City Council approved Resolution No. 3297 which authorizes the sale by the Redevelopment Agency of the City of Sparks of two parcels totaling approximately 1.36 acres located within Victorian Square to SWD-Quarry Bridges, LLC. The purchase price was $750,000.
The parcels are located directly south of the City parking garage, adjacent to the Century movie theater. As proposed, The Bridges project will include approximately 192 apartments, approximately 19,600 square feet of commercial space and structured parking for the project’s tenants.
The project blueprints
Some of the unique attributes of the project consist of an enclosed pedestrian bridge three stories above the street, which connects to a five story building and the City’s parking structure east of the Century Theatres.
The units consist of studio designs and include one bedroom, one bath and two bedroom, two bath units offering views of the surrounding mountains. Amenities will include a fitness center, clubhouse, game room, an open air above-ground atrium lounge, fire pits and in-house management. All units will have dedicated outdoor patios or decks. The project will include over 10,000 square feet of commercial space for office, retail and dining. Ground breaking is expected in October 2016 with completion in summer 2017.
The Bridges comes on the heels of other major developments at Victorian Square. Silverwing’s Fountainhouse project, a 236-multi-family unit development is close to completion and open for leases. Additionally, LandCap Investment Partners are nearing completion on converting the former Silver Club Hotel Tower into loft apartments and renovating the former Bourbon Square Casino with a ground floor mix of restaurants and retail, with indoor/outdoor patio dining. The upper two floors are anticipated to be Class A office.