A Florida-based developer has broken ground on a 358-home rental community in South Reno, with the first apartments and townhomes expected to welcome residents by January 2028. The project, known as Pointe Grand Cape at Southport, will rise on a site off Wedge Parkway and marks the company's first community in Nevada.
Hillpointe plans to build 268 two-bedroom, two-bathroom apartments across 12 residential buildings, along with 90 built-to-rent three-bedroom townhomes, each with an attached two-car garage, according to Connect CRE. The outlet reports the site covers 32.5 acres at 18610 Wedge Parkway, though Multifamily Executive puts the acreage at 23.5 — a discrepancy that remains unresolved between the two accounts. Planned amenities include a clubhouse, a resort-style pool and hot tub, a fitness center, a dog park, and a pickleball court, per the same Connect CRE report.
As KRXI reported, Hillpointe will charge market-rate rents at the South Reno site. Reno City Council member Brandi Anderson said the project could provide entry-level housing for teachers, firefighters, nurses, and people just beginning their careers, and she said housing in the region has not kept pace with regional job growth, according to the same report.
Rents Still a Mystery as Construction Timeline Takes Shape
Specifics on reduced rent prices and eligibility requirements have not been announced, according to KOLO. Amanda Sistrand said rent prices will depend on the average income in the area, and that the units are priced affordably for the workforce community, per KRXI's reporting. Sistrand also said Hillpointe, which the outlet describes as a vertically integrated company that handles everything from construction through property management, will run the community itself once it opens.
Rent.com lists the average rent for a one-bedroom apartment in Reno at $1,349 a month, but that figure is a general market average that varies by location and amenities and does not indicate what the project's larger two-bedroom apartments and three-bedroom townhomes will actually cost, per KRXI. Grading at the South Reno site is scheduled to begin in the fourth quarter of 2026, with full site work in December and vertical construction anticipated to start in March 2027, Connect CRE reports. The first deliveries are planned for January 2028, with overall completion slated for April 2028.
A Second Nevada Project Breaks Ground in Carson City
Hillpointe is not stopping at South Reno. The company also plans to build a 324-home community in Carson City, located west of where Butti Way becomes Airport Road, about one mile from Carson High School and within two miles of downtown Carson City and the state capitol, according to KRXI. KOLO reported that Hillpointe intends to build the 358 Reno units and the 324 Carson City units over the next 15 months combined, and that all of the units across both developments will be rentals, consisting of a mix of townhomes and apartments.
That Carson City project, called Pointe Grand Sageview, held its own groundbreaking on Tuesday, according to Carson Now, which reported it will bring 324 new two-bedroom, two-bathroom apartments to the city. Hillpointe's own literature describes the development as attainable housing, defined as market-rate housing for households that earn too much to qualify for income-restricted housing, per the outlet. No rent figures for the Carson City project were discussed at the groundbreaking, Carson Now noted.
South Reno's Broader Growth Squeeze
KOLO reported that Northern Nevada has experienced high demand for housing over the past several years, and officials said filling the gap could take a couple of years. Hillpointe has said Reno's growth in manufacturing, technology, and logistics has created sustained demand for attainable housing, according to Multifamily Executive.
Pointe Grand Cape at Southport will not be the only new multifamily project near Wedge Parkway. The Gateway at Galena, a separate South Reno development, is projected to add 361 apartment units, according to the Reno Gazette Journal. Together, the projects suggest South Reno is poised for a wave of new rental supply even as renters wait to learn what these new units will actually cost.
