Harrah's Reno has been sold to CAI Investments for $50 million, with plans to turn the long-time hotel-casino into a non-gambling property with apartments, office space and retail stores.
Plans call for the remodeled Harrah's to become the Reno City Center, with about 530 apartments, office space and retail space including grocery, gym, restaurants, bar, coffee shop and entertainment.

The casino's roots date to 1937 when founder William Harrrah opened a bingo parlor on the site. Harrah's Inc. became the first gambling company listed on the New York Stock Exchange in 1973.

Once Harrah's Reno has ceased operations, CAI Investments' renovation and transformation into the Reno City Center will begin. The project is expected to take at least two years to complete.

The remodeled building will feature about 530 market-rate apartments, 150,000 square feet of new office space and 78,500 square feet of retail. Retail offerings will include food options such as restaurants, a bar, coffee shop and grocery store. Reno City Center will also have a gym as well as entertainment set in a park-like setting, according to CAI.

The goal with the property is to offer much-needed housing, office and services to the downtown Reno market - all of which are instrumental in the continued diversification of the Reno economy, said CAI Investments CEO Chris Beavor. Fulfilling these needs are especially important if Reno wants to continue attracting new businesses and employees to the region, he added. Beavor pointed to data from the Reno-Sparks Convention and Visitors Authority that listed outdoors recreation as the No. 1 reason people like Reno. The main thing people don't like about the Biggest Little City? That would be its downtown.

At Reno City Center, you be able to take the elevator down from your apartment, go straight to work at the office, take a walk down the river then head to the gym - all within the same building.

Services will also be done a la carte. Renters can pick which services and options they want to use and pay for, whether it be parking, exercising at the gym or pet-friendly features for lodging.

Apartments, which are planned to have one- and two-bedroom configurations, will be priced at the current market rate. 

Harrah's 1973

I worked at Harrah's Reno 1970-1976. It was the nicest Hotel Casino in Northern Nevada in those days.

In the 1970's Harrah's had a showroom that hosted top headliners such as Joan Rivers, Merle Haggard, Captain and Tennille and Sammy Davis Jr.

During the winter months, if a show was not sold out - employees could see the show for free. Being in my twenties and single - I went to many free shows.

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