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Board approves rezoning to support renovation, subdivision for Tropicana-area multifamily complex
Summary
The board approved a rezoning and related waiver request to permit refinancing and phased rehabilitation of an approximately 20-year-old multifamily complex on Tropicana Avenue; the developer will subdivide a small parcel for a daycare and said it will handle resident relocations during renovation.
The Spring Valley Town Advisory Board on May 13 approved two related actions that will allow a long-standing multifamily apartment complex on the north side of Tropicana Avenue to refinance and undergo phased rehabilitation: a waiver of a density restriction and a zone change to reclassify a portion of the property to RM-18 multifamily residential.
Ralph Murphy, senior vice president of real estate development for the applicant (identified in the hearing as Nevada Ham), said the firm developed the apartments roughly 20 years ago and now plans a…
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