Hillpointe Acquired Reno Site for New Development
The firm purchased a 32.5-acre parcel in Reno for a 358-unit residential project.
Updated on Oct. 14, 2026 in Apartments
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Hillpointe has secured a 32.5-acre property at 18610 Wedge Parkway in Reno to construct the Pointe Grand Cape at Southport. The development will feature a total of 358 units, including both apartments and townhouses.
Why it matters
The development adds significant residential density to the Reno market, catering to diverse housing needs with a mix of two-bedroom apartments and three-bedroom townhouses. The project is designed to offer a comprehensive living experience with various modern amenities.
The project consists of 268 two-bedroom apartments and 90 three-bedroom townhouses. The site covers 32.5 acres and will include community amenities such as a clubhouse, fitness center, and pickleball court.
The players
Hillpointe
Hillpointe is a real estate investment and development firm that focuses on the acquisition and construction of residential properties.
The details
The site will feature 12 apartment buildings alongside the built-to-rent townhomes. Residents will have access to shared facilities including a pool, hot tub, and a dedicated dog park.
Timeline
Grading at the site begins in the fourth quarter of 2026.
Full site work is scheduled to start in December 2026.
Vertical construction is expected to commence in March 2027.
First unit deliveries are anticipated in January 2028.
Full project completion is projected for April 2028.
Culture Shift
This development exemplifies the growing trend of built-to-rent housing models that provide suburban renters with single-family home amenities. It reflects a broader shift toward institutional investment in suburban residential neighborhoods.
Prospective renters in Reno can look forward to a new supply of 358 residential units, including townhomes with two-and-a-half bathrooms. The development's location near local amenities will likely influence housing options and commuting choices in the immediate area.
The takeaway
Renters interested in new construction may find value in the combination of apartment and townhouse offerings available at this site. Keep these construction milestones in mind if you are planning to relocate to the area in 2028.
Further reading
For more information on the local housing market, visit Apartments.
Source note: This article includes information reported by 301 Moved Permanently.
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