PRE-LEASING THIS WEEKEND

~ First milestone reached with completion of Clubhouse ~

May 4, 2016 – Sparks, Nev. – Today, locally based Silverwing Development announced the completion of the Clubhouse and commencement of pre-leasing activity for the 236 unit multi-family, luxury, urban style community in Victorian Square.  On Saturday, May 7 Fountainhouse will begin accepting priority wait list applications for an August 2016 move-in.  Hours of operation are weekdays 9 a.m. to 5 p.m. and weekends 10 a.m. to 5 p.m.  The clubhouse is located at 1400 Avenue of the Oaks, Sparks, Nev. or call 775-355-7900 for more information.  

“We are thrilled that Fountainhouse will soon be open for business in beautiful downtown Sparks,” said Sparks Mayor Geno Martini.  “I want to thank Silverwing Development for their dedication and steadfast partnership with the City.  Bringing people to live at historic Victorian Square will help us begin the renaissance of the City’s living room that can only add to economic growth to the urban core of our great City.”

Approved tenants have first choice of units and can select from nine distinct floorplans including 1 bedroom/1 bath, 2 bedroom/ 2 baths and 2 bedroom/ 2.5 baths. Units will be fully alarmed for fire protection and upstairs units will a townhouse design with vaulted ceilings.  Residences will have the option to have direct/indirect access garages or covered parking spaces. All residences will have an outdoor deck/patio (some plans will have 2 decks).  Two furnished models will be available to preview in late-July 2016.  

“We are excited to have reached this first milestone with the Fountainhouse community as well as being able to offer a unique housing option where people can live, work and play right in the heart of Sparks’ Victorian Square,” said J Carter Witt, president of Silverwing Development.Located in the heart of Victorian Square, the community caters to upscale tenants looking to live in a vibrant, active and self-contained community.  Fountainhouse is within walking distance from restaurants, shopping and entertainment, and is just a 15-minute drive away from the rapidly expanding Tahoe Reno Industrial Center (TRI) as well as downtown Reno-with two on and off ramps from I-80 within a couple blocks of the location.

The Fountainhouse Clubhouse is designed with very distinctive characteristics, there is a variety of fountains, a clock tower/chimes, and all LED lighting for low energy usage throughout.  The Clubhouse has free WIFI, a business center and coffee bar during normal business hours. It also has a pool and will have full-time key access control to the state of the art Fitness Center.  There is twenty-four hour-a-day high tech security system covering all points of entry and common areas.

This community represents a $35 million investment in downtown Sparks with 8,400 square feet of retail accompanying the 236 luxury units.

For more information on Fountainhouse, visit www.fountainhousesparks.com

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About Silverwing Development:Silverwing has been involved in real estate development for over 29 years in Northern Nevada and Northern California and Texas. In addition to multi-family development, Silverwing has built over 3,000 homes in the Reno and Northern California areas and through its land development efforts. Silverwing has entitled and constructed thousands of lots and completed a 365 acre mixed use Business Park in the Dallas, TX area.   In addition, Silverwing’s principals have acquired/developed/renovated over $2 billion in commercial assets throughout the United States.

Media Contact:

Tiffany East

775-250-8092

tiffany@tiffanyeastpr.com

J Carter Witt

775-825-5300, ext. 215

jwitt@silverwingdevelopment.com

Construction Underway

Site work at Fountainhouse Sparks is well underway and buildings are going up fast! Move in will be here before you know it!