Reno is experiencing a massive housing shortage, resulting in much higher rents than we have seen in the past. We aren't alone! In much of the country, following the financial crisis of 2008, development just kind of stopped and hasn't kept up with the changing population in high-demand cities like Reno.
On this week's episode of Renoites, I talked about housing development and much more with Batuhan Zadeh, owner of Marmot Properties, a local development firm that has worked on many residential projects around Midtown, historic buildings like the Santa Fe and Coca Cola bottling plant (more recently the home of Junkee), and many others.
We talked about what goes into the development process and how it is determined which projects go forward and which ones don't, why downtown is doing so much worse than Midtown when it comes to revitalization efforts, the process of saving historic buildings not through tight restrictions on superficial changes but by activating them and making them financially viable, the difference between local and out of state developers, the lessons learned from starting small businesses himself, and much more!
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