Formerly Harrah’s, Reno City Center is undergoing a major transformation as a mixed-use property after its sale to Las Vegas-based real estate group CAI Investments. The hotel casino was sold by VICI Properties and Caesars Entertainment for $50 million.

Once the project is finished, the remodeled building will feature about 530 market-rate apartments, 150,000 square feet of new office space, and 78,500 square feet of retail. Retail offerings will include food options such as restaurants, a bar, a coffee shop, and a grocery store. Reno City Center will include a gym and entertainment set in a park-like setting, according to CAI.

There will not be gaming at the Reno City Center. The direction of the project aims at creating housing, offices, and services for the downtown Reno market. CAI Investments CEO Chris Beavor said, “all of these things are instrumental in the continued 

 diversification of the Reno economy. Fulfilling these needs is especially important if Reno wants to continue attracting new businesses and employees to the region.” 

The Reno City Center will include enough space to provide housing for hundreds of workers, workspace for others, parking, and services they can use. A much-needed improvement in downtown Reno.