For a few years, Victorian Square looked victorian squandered.
Northern Nevada was hit as hard as anywhere when the housing market collapsed in December 2007 and the portion of downtown Sparks with the most personality reflected the damage.
But things appear to be changing. A rebounding economy as well as the efforts of 39 North (a grassroots organization of local business owners striving to stabilize the economy of downtown Sparks) are making downtown Sparks, Victorian Square, a destination.
Last Wednesday, the City of Sparks announced Silverwing Development will break ground on ‘The Bridges,’ a residential and commercial building, in October.
Located directly south of the city parking garage, adjacent to the Century movie theater, ‘The Bridges’ will include 192 apartments (one bedroom, one bath and two bedrooms, two baths), approximately 19,600 square feet of commercial space and structured parking for tenants.
“There is more to come to Sparks’ downtown,” Sparks Mayor Geno Martini said in a release. “The economic growth in our region is now supporting diversification efforts in Sparks to live and work at Victorian Square. Sparks is the closest metro area to the Tahoe Reno Industrial Center where Tesla, Switch and other major brands are setting up shop.”
‘The Bridges’ is the latest in a string of projects popping up in Victorian Square.
Another Silverwing residential enterprise, ‘Fountainhouse,’ is “nearing completion.” The 236-multi-family unit development is open for leases. LandCap Investment Partners are “nearing a completion” of converting the former Silver Club Hotel Tower into an apartment building as well as renovating the former Bourbon Square Casino. The ground floor will feature a combination of restaurants and retail. The upper two floors are anticipated to be used for office space.
“We are excited to break ground on another first-rate project in Victorian Square in Sparks,” said Silverwing Development President, J Carter Witt, in a release. “We know that the square is a special place and are very bullish on the future, particularly given the easy access to Interstate 80. The city of Sparks has been a great partner and we look forward to helping this region of our community grow and prosper.”
The newest complex going downtown will feature an enclosed pedestrian bridge three stories above street level that will connect two five-story buildings. Amenities will include a fitness center, clubhouse, game room, an open-air above-ground atrium lounge with large screen TV’s, fire pits, waterfalls, art and an in-house management. All units will have dedicated outdoor patios/decks.
Completion of ‘The Bridges’ is expected next summer.