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The Metropolitan, Reno, NV (2005)Project Description: Acquisition of the Nevadan Tower of the Cal-Neva hotel and casino in heart of the downtown redevelopment area on Virginia Street in Reno, Nevada. Business Plan: Repositioning the asset by rezoning and entitlements to convert the hotel rooms to "For Sale" condominiums and the casino into retail and office use. The project was suspended after receipt of approvals in February 2006. |
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