Downtown Post Office Building Sells for $1.2 Million
Tuesday, The Reno City Council, acting as the Redevelopment Agency Board, moved ahead with the sale of the historic downtown post office building.
The building was appraised for $2.2 million but actually sold for $1.25 million.
"That location is underused right now,"said Director of Neighborhood Services Chris Good. "It's a beautiful, historic building. The post office wasn't using it to its full extent, so here's an opportunity to really exploit this beautiful gem that we have in downtown Reno."
Good said the plan is the United States Postal Service will leave the current downtown post office station by the end of September or beginning of October after the Postal Services' 30 day public comment process for relocation is complete.
Good said the earliest that building would be occupied is three years and it could take as long as five.
That's because the redeveloper has two years to submit his plans for the building and from there the Redevelopment Agency Board has two years to approve it.
I asked Good if they have any idea what the developer is thinking about doing with the property.
"He has talked about putting high end retail in that location, so they have to preserve it and maintain it. They have to conduct the different maintenance on that building in the meantime and he's putting his plan together for the public review process."