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Station Casinos about to purchase 50 acres of land
Station Casinos, Inc. recently announced that they had entered into an agreement to purchase approximately 50 acres of land on the southeast corner of Mt. Rose Highway and Interstate 395 from Bayer Properties Incorporated for the purposes of building a regional gaming and entertainment project.
The project will complement Bayer's Summit Sierra open-air, upscale shopping center - the key retail component of a mixed-use, entertainment, residential, office and retail development in the rapidly growing south end of the city.
We look forward to entering the Reno market and believe that we have the opportunity to create great synergies between a regional gaming and entertainment resort destination and the high-end retail offerings that Bayer is bringing to the Reno area residents at this location, said Lorenzo Fertitta, vice chairman and president of Station Casinos, Inc. We also believe the amenities that will be part of this mixed-use project will be of the caliber to attract consumers from the entire region, said Fertitta.
Station Casinos' formula of teaming up its gaming and restaurants with those of a high-end retail lifestyle center has been enormously successful at Station's Green Valley Ranch Resort, Casino and Spa in Henderson, Nevada.
The Summit Sierra, scheduled to open in March 2006, is a 650,000 square-foot open-air center anchored by Dillard's and Century Theatres and featuring many of the country's premiere specialty retailers such as Williams-Sonoma, Pottery Barn, Talbots and Coldwater Creek.
Jeffrey Bayer, President of Bayer Properties, comments," We are delighted to have Station Casinos be a part of this development. It solidifies and enhances the regional nature of this site, which we believe is the new hub of activity for a market that encompasses Reno-Sparks, Lake Tahoe, Carson City and Truckee".
Source: BonusGambler.com Editors' Choice
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