The 39,600 sq. ft. lot (i.e. see parcel 232-051-10 on the Somersett Town Center link) adjacent to The Club at Town Center has again been sold. According to Washoe County Assessor records, the buyer was Town Center TH, LLC and the purchase price was $320K.
This lot was previously purchased in June of 2014 by Somercom, LLC from Nevada State Bank for $150K. Nevada Bank had acquired this property at auction in 2011 following loan default by the Developer (i.e., Somersett Development Company). This lot is also the one the SOA unsuccessfully attempted to purchase back in 2012 for $210K.
It is interesting to note that the Managing entity for Town Center TH, LLC is Shandon Park Investments, with a mailing address of 2290 Painter River Trail here in Somersett. This is the same address for TAF2014, LLC, who is listed as the Managing entity for Somercom, LLC. There is obviously some connection between Shandon Park Investments and TAF2014 (hence, Town Center TH, LLC and Somercom, LLC), given the commonality of address and an Isabel Plater (also Isabel Plater-Pollock), who is listed as a Manager for both.
Given the ongoing problems associated with development of the Town Center properties, perhaps Ms. Plater-Pollock, or a Town Center TTH, LLC member, can provide some insight on the purchase and what their plans are for future development of this parcel.
While on the subject of Town Center properties, perhaps someone from the SOA BOD or Strategic Planning Committee can also provide an update on plans for the two lots (see parcels 232-051-16 and 17 on the Somersett Town Center link) purchased by the SOA back in November of 2014.