What's Coming to Reno Retail: Every Major Project and New Tenant to Watch in 2026-2027

The Reno-Sparks retail development pipeline is the most active it has been in nearly two decades. After years of essentially zero speculative construction, a wave of projects -- anchored, pre-leased, and strategically positioned in the metro's growth corridors -- is finally underway. At the same time, a remarkable roster of first-to-market national brands is arriving in the spaces that already exist.

We tour these sites, track the permits, and in several cases work directly on the leasing. Here is the complete picture of what's coming, what it means, and where the opportunities are.

The Big Four Developments

1. Kiley Ranch Marketplace -- Spanish Springs (400,000 SF)

The headline project in the entire market. Per the Kidder Mathews acquisition announcement, Barclay Group acquired 46.7 acres at the southwest corner of Pyramid Way and Wingfield Hills Road for $25.6 million and is developing a roughly 400,000 SF power center -- described as the first new retail power center in Sparks since 2005.

The site fundamentals explain why this project penciled when nothing else has: per trade-area demographics, the site draws from more than 130,000 residents, average household incomes above $100,000, and daily traffic counts exceeding 40,000 vehicles on Pyramid Highway. Spanish Springs has accounted for roughly two-thirds of the region's new single-family home sales according to MLS data, and the retail supply simply never followed the rooftops -- until now.

Phase 1 is targeting delivery in late 2026. Expect big-box anchors that currently have no presence north of the I-80 corridor. For tenants who have been priced out or locked out of South Reno, this is the next center of gravity.

2. The Oddie District -- Sparks (232,000 SF redevelopment)

One of the most creative adaptive-reuse projects in Northern Nevada: a former Lowe's big box on Oddie Boulevard being transformed into a mixed retail, food-and-beverage, maker, and entertainment campus. According to the developer (Foothill Partners / Belay Investment Group), the project is approximately 70% preleased with first tenants moving in summer 2026 and the common-area food and beverage spaces expected by fall.

Per developer announcements, the committed tenant list includes CoffeeBar, FiftyFifty Brewing, Mythic Gymnastics (8,000 SF), Cartwheel Robotics (20,000 SF), and EmployNV (20,000+ SF), plus a planned 300-seat food and entertainment venue. For years, the Oddie corridor was written off as a value location. This project will reset what landlords on the corridor can ask -- and what tenants should expect to pay.

3. Double R Marketplace -- South Reno (135,000 SF)

South Reno's first meaningful multi-tenant retail delivery in years: roughly 135,000 SF of Class A retail across 15 acres at Double R Boulevard and Damonte Ranch Parkway, with Grocery Outlet confirmed as an anchor and the first ~45,000 SF section showing availability as of June 2026.

The location sits squarely between SouthTowne Crossing (Walmart-anchored) and Damonte Ranch Town Center (Home Depot/Safeway) in the tightest submarket in the metro -- South Reno vacancy has been running below 2%. Quality space here leases before it's finished. If your concept needs South Reno, this is the window; once the initial phases lease up, there is nothing comparable behind it until Downtown Damonte delivers.

4. Downtown Damonte -- South Reno (30-acre mixed-use)

After years of environmental delays, this 30-acre mixed-use project near Damonte Ranch Parkway and Steamboat Parkway is moving again, with vertical construction expected to be visible by summer 2026. The master plan contemplates office (tech firm Ridgeline as an anchor), restaurants, retail, a hotel, and hundreds of residential units.

For restaurant and service-retail operators, mixed-use projects like this one are a different opportunity than a shopping center: the daytime office population and on-site residents create built-in demand, but the spaces tend to be curated and the deals more complex. Get advice before you sign.

The Rest of the Pipeline

• Costco #3, South Reno (proposed): Per City of Reno planning filings, Costco has submitted a pre-application for a 161,600 SF warehouse at S. Virginia Street and Veterans Parkway with a 20-dispenser fuel station -- roughly 181,900 SF total. No formal permits have been pulled, but Costco does not explore sites casually. If it advances, every pad and inline space within a mile becomes more valuable.
• Reno Experience District (Plumb & S. Virginia): The former Park Lane Mall site now has nearly 1,000 apartments and 60,000+ SF of retail. Squeeze In opened this spring, and Electric Pickle -- a nine-court pickleball, dining, and entertainment concept with a reported ~$8 million buildout per permit filings -- is coming. Roughly 20,000 SF of retail remains available, with pizza, Asian fusion, and burger concepts being targeted.
• Victorian Square, Sparks: Per Silverwing's published master plan, the $350 million project calls for 1,500+ housing units and 60,000 SF of retail/commercial over five to seven years. The Bridges phase alone adds 192 apartments over 19,600 SF of commercial space. Downtown Sparks is quietly assembling the residential density that ground-floor retail needs.
• Downtown Reno "Revival" (former Harrah's): Per news reports, a Las Vegas restaurateur is bringing five restaurants, three bars, and two nightclubs to the repositioned property -- a meaningful food-and-beverage injection for the urban core.
• In-N-Out #3 (Plumb & Kietzke): Per city permit filings, a 3,887 SF building with 84 indoor seats was proposed at the former Redwood Rotisserie site. The project has been quiet since, but the filing alone says something about how operators view the Kietzke corridor.
• Downtown storefront activation: Per city council proceedings, the City of Reno's Redevelopment Agency voted in early June to pilot a master-lease program to fill vacant downtown ground-floor retail with curated tenants, and is suspending conditional-use-permit requirements for indoor live-entertainment venues. Smart policy -- and a signal that downtown deals may get easier to execute.

What This Means If You're a Tenant

The pipeline is real, but here's the context that matters: the market is operating at roughly 3.5% vacancy, and nearly everything under construction is substantially pre-leased before delivery. The projects above will add inventory in late 2026 and 2027 -- they will not create a tenant's market.

Our advice is the same thing we tell our own clients: if you want space in one of these projects, engage 12 to 18 months before you need to open. Developers are making anchor and junior-anchor commitments now. Inline and pad tenants who wait for the "Now Leasing" sign will be choosing from what's left.

What This Means If You're an Owner or Investor

New supply concentrated in Spanish Springs and South Reno will eventually create comparison pressure on second-generation space in those trade areas -- but with new-construction shell rents exceeding $4.00 per square foot per month, existing centers at $1.50 to $2.50 retain a massive affordability advantage. Well-located existing centers are not threatened by this pipeline; they are validated by it.

The institutional money has noticed. Out-of-state capital has been actively acquiring and repositioning Reno retail -- the renovation and backfill of the roughly 348,000 SF Firecreek Crossing power center (per CoStar) by an out-of-state investor is the most visible example. When sophisticated capital starts buying your market's B+ assets to reposition them, the repricing of the whole market tends to follow.

If you own retail in Reno-Sparks and want to understand what this pipeline does to your asset's value -- or you're an investor who wants to see opportunities before they're marketed -- that's exactly the work we do every day. Email icochran@logicCRE.com or call (775) 225-0826.

We update this development tracker as projects advance. Subscribe to our market updates to get the next edition the day it publishes.