A Modern MidTown Lifestyle

Surrounded by the Sierra Nevada, urban living in Reno means a bounty of outdoor recreation is still within minutes, often mere steps, from your front door. Strolls home are guided by colorful murals. Diverse culinary adventures, quaint boutiques and bars harkening back to the Prohibition era are abundant.

Now, picture yourself strolling back to your brand new loft in MidTown Reno…

In the heart of the Biggest Little City, the centrally located MidTown neighborhood offers an echelon of living unlike any other in Reno. Helping to elevate it further are the new Tonopah Lofts by S3 Development.

From MidTown, an international airport is 10 minutes away, and the nearby interstate takes you deeper into the country, or to the Bay Area and several wine regions in just a few hours. However, you may not want to leave.

Nevada, being free of the state tax burden, lends itself to the scenic, expansive region’s current economic boom that some experts see lasting for 10-20 years. Global heavy-hitters from Amazon to Tesla, among a plethora of others, have moved to the area, providing employment opportunities and financial boosts to the community. Some have even dubbed Reno the next Silicon Valley.

Many are already aware, now calling Reno home, seeking additional opportunities for themselves in Northern Nevada.

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While the region is a breathtaking haven for outdoor-lovers, MidTown is a walkable, bikeable urban utopia teeming with personality. As the gateway city to Burning Man, copious culture exists in the area, and this neighborhood is at the core. Plentiful public art adds to the world-class restaurants, bars and museums, attracting media attention around the globe.

Nestled within this neighborhood dotted with history is a touch of exquisite residential modernity. Imagine entertaining within your immaculately designed, spacious, 1,995-square-foot, two-bedroom, two-bath loft, each of the three levels providing a different living space.

Four modern interior design options are available, with soft, neutral palettes complementing the bold tonalities of the lofts’ modern, industrial-chic exteriors. Durable hardwood laminate flooring juxtaposes the carpeted stairs, bedrooms and mezzanine. Quartz countertops and glass tiles set the stage for high-end fixtures and appliances in the kitchen and bathrooms.

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Helping to protect the planet, there are two different heating and air-conditioning systems to provide the idyllic temperature for each level without wasting energy, plus an on-demand water heater.

Towering ceilings invite in natural light, though with the lofts’ abundant outdoor spaces, you’ll never miss fresh air while home. Each of the single-family abodes are crowned with a private, 360-square-foot rooftop terrace, plus feature earth-conscious xeriscaping in the front and backyard, and a patio to unwind on.

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Though set in the center of town, privacy isn’t missed. People-watching from your rooftop perch helps you decide where the action is that evening, or if you’d prefer to stay in. There are dozens of dining and activity options, along with events year-round, within walking distance. It’s all part of the hip, urban lifestyle offered within the Tonopah Lofts micro-community.

Perhaps you’re already familiar with the many joys of living in the area, and seek an investment to rent, or a centrally located city dwelling. With only six homes remaining, each loft is protected by a 2-10 Home Buyers Warranty for two years. Here, no HOAs exist, allowing the single investment of between $589,000-$599,000 to be your only financial outlay, and your loft to be rented when you’re not enjoying it. However you may long for it while away…

Want to see if this lifestyle is for you? Make an appointment to check out the lofts today by calling Laura Parra at (775) 391-9076.

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History of a Marmot Burrow

One of the many perks of renovating properties in one of Reno’s oldest neighborhoods (and newest conservation district) is bumping into some history along the way. We were fortunate enough to bump into a local with some photos of one of our properties from around Read more

Public transportation & Reno’s future

As Reno moves closer to the ideal of a ‘college town’, our stumbling blocks are starting to become more and more apparent. One of these trip-ups is our fair city’s various neighborhoods and cultural and educational centers–and the fact that they’re separated by residential areas or other, more “interesting” parts of town. If we could link the areas around UNR to the hospitals to Midtown to the rest of Reno’s burrows in such a way as to facilitate easy transport around, we’d be a giant leap closer to our ideal goal.

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Marmot Street Art by Erik T. Burke

As part of our continuing quest to bring up and beautify our neighborhood, we commissioned local artist Eric Burke to get artistic on a few Marmot burrows. Check out the fantastic results…

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Marmot Properties and the Urban Infill Mission

It was 2008, and the housing market had crashed through the floor. The Raydon brothers saw an opportunity to make an impact in Reno through responsible real estate and urban infill. “When the Marmot Companies first started, there was no shortage of vacant, distressed, abandoned, abused homes here in Reno,” says Gary Raydon. “That’s where we started.”

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Reno’s Got Tech Talent

The Reno Technology Park has been a constant source of news since before construction began. It’s being treated as a harbinger of Reno’s bright tech future–and rightly so. With tech giants like NJVC and Apple moving into the park, Northern Nevada is seeing a huge amount of activity in the tech sphere. Steve Rosa, the chief developer in charge of the Reno Technology Park, told the Reno Gazette Journal‘s Jason Hidalgo, “Right now, we’re talking to a number of other data center companies. This Apple project alone represents millions of dollars of investment in the community, as well as a large number of construction jobs.”

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RENOvation. It’s what we do.

Once upon a few months ago, it was known as the “Cat Pee House” for reasons we don’t need to go into. Today, it’s stands as a testament to the RENOvative power of the Marmots. Here are a few shots from the before and after to give you an idea of the transformation this awesome house went through. Photos thanks to Rick Chapman, who did a photo essay on the before (available here), and thanks to Albert Lewis (check out his other work here) and REreno for the after shots.

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Marmot MidTown: Shots from the big before

A big thanks to Rick Chapman for these great shots from Marmot’s big MidTown project! Click here or on the photo below to see more.

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Marmot Companies Bring Big-City Urban Renewal Trend to Reno

We Marmots just love making news.

RENO, Nev., Aug 08, 2012 (BUSINESS WIRE) — In the midst of a challenging real estate market, three brothers – each with their own individualized skill set – formed Marmot Companies with an urban renewal mission. With dozens of drastically overhauled properties already under their belts, the group just purchased a multi-million dollar residential property assemblage in Midtown Reno. This urban area is burgeoning with cottage industry businesses, new restaurants and bars, and a large commercial project – all within walking distance of Apple’s recently announced Downtown Reno business center.

Read the rest of this great press release here.

From NNBW–Marmot Companies acquires 17 buildings in Midtown Reno

We made the news! Big thanks to John Seelmeyer and Northern Nevada Business Weekly for the great article! Check it out below or on their site.

A Reno company doubled down on its big bet on the continued residential renaissance of Midtown.

In a $2 million, all-cash transaction, Marmot Companies acquired a 17-building package of 31 housing units just south of the new Terry Lee Wells Nevada Discovery Museum.

The company now is investing another $1 million in renovation of the homes that it dubbed “The Assemblage,” says Eric Raydon, one of three brothers who launched Marmot Companies.

“It will be a long-term project, sort of a rolling rehab,” Raydon says.

The company’s newest acquisitions all are in an L-shaped area straddling Sinclair Street between Stewart and Moran streets.The eastern boundary of The Assemblage is directly across Holcomb from the offices of Marmot Companies.

The properties include 12 single-family homes, two duplexes, a tri-plex, a four-plex and an eight-unit apartment building.

Raydon said the properties were acquired by two investor funds operated by Marmot Companies. County and state records show the real estate was sold by AMR Properties Ltd., which is owned by Reno’s Alonso family.

With the newest acquisition, Marmot Companies now owns more than 60 housing units in the downtown area, primarily in the West of Wells and Old Southwest neighborhoods close to Midtown.

Along with Eric Raydon, Marmot is owned by Bryan and Gary Raydon.

The company buys 50 to 100-year-old homes — many of them bargain-priced because are in very poor condition — for renovation into white-picket-fence rentals for professionals and young families interested in living close to jobs in downtown, nearby medical facilities or the University of Nevada, Reno.

“We want to rehab these neighborhoods to the point that we’ll want our daughters to live here,” says Eric Raydon.

He says the company’s portfolio of homes and apartments is essentially fully leased, and the company is fielding inquiries from current tenants who want to move into some of the larger spaces that will be available in The Assemblage properties. The company handles its own management.

“We think we have reached the tipping point in Midtown,” he says.

Crime rates in the West of Wells neighborhood have fallen dramatically in two years, and Raydon credits the focused work of an association of neighborhood residents.

While trendy retail, restaurants and bars have opened along South Virginia Street in the Midtown corridor, Raydon says retailers to meet day-to-day shopping needs such as a grocer and a drug store would help solidify the neighborhood.

From the public sector, he says improvements to facilities for pedestrians and bicyclists would help spur redevelopment of the neighborhood. Developers and renovation companies also have a stake in the improvement of the neighborhood’s public schools as they seek to attract young families, Raydon says.