The partners of Reno Public Market, formerly Shoppers Square, announced the Reno retail resurrection will be a collaboration between the Casazza Family, Foothill Partners, and Loja Real Estate. On January 25, the property was acquired by the partnership formed by the three groups and construction is now scheduled to commence in mid-2019.
“For more than 55 years my family has had success in retail with our Shoppers Square property,” said Rick Casazza, representative of the Casazza family. “We knew we needed to take the next step with this property to make it something really special. For the past few years we have worked to find the best partners to make this vision come to life, and now we have.”
Loja Real Estate is a private equity real estate investment firm presently managing $300 million in assets. Loja acquires and manages commercial real estate assets throughout the United States.
“Reno Public Market is a great addition to the Loja portfolio,” said Scott Kyman, Loja’s Senior Vice President of Acquisitions. “We like well-located assets in supply-constrained markets with solid employment metrics, and Reno Public Market checks all these boxes.”
Plans for Reno Public Market include large family-friendly gathering areas to create a sense of place and inclusion within the center’s walls. Welcoming all community members, Reno Public Market strives to become the ultimate destination for everyday necessities for the Midtown District and the broader Reno metropolitan area.
Doug Wiele, of multi-award-winning Foothill Partners, is the lead developer responsible for bringing this project to life. With experience in revitalizing outdated shopping centers, he plans for the design to be focused on creating a gathering space at one of the busiest intersections in Reno.
“We plan to incorporate street retail architecture and contemporary design to the present infrastructure,” said Wiele. “We hope to showcase the rich history of the Casazza family and be the go-to stop for daily needs in Midtown and the greater Reno/Sparks metropolitan area.”
The original 150,000 square-foot structure will be de-malled to make way for contemporary spaces, which will include a public market food hall, daily-needs retail spaces, and a specialty organic grocer.
The three partners are eager to bring Reno Public Market to the community and look forward to continued work on the project.
View coverage on KTVN Channel 2 News, KRNV Channel 4 News and KKOH 780 AM News Talk.