A proposal to build 4,700 housing units on a former ranch in Reno could help make a big dent in the region’s housing shortage if the developers can overcome at least one big challenge — it’s in a flood plain.
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Their combination will reportedly create the largest homebuilder in the country.
In 2009, the penthouse unit at Turnberry Place 3801 was on the market for $16 million. One of the largest penthouse units in Las Vegas, the two-floor listing included five bedrooms, nine bathrooms, a wet bar, pool, billiard room and scenic view of the Las Vegas Valley. Then the recession hit.