kawana meadows
New South Lake Tahoe resort plans unveiled
Submitted by paula on Wed, 03/28/2018 - 8:52pm
SOUTH LAKE TAHOE, Calif. - In 2008 it was known as "The Hole" after financing dried up for a redevelopment project, bordered by Highway 50, Stateline Avenue, Friday Avenue and Cedar Avenue. A cement hole with rebar stayed until the project area could get under control of one owner through bankruptcy. In 2013, Owens Financial obtained a building permit to start spending $400 million to build over 27,000 square feet of commercial space along Highway 50. This was followed by the Zalanta Resort opening at Highway 50 and Friday Avenue in 2017.
Millions of dollars expected to be invested in new Chateau at the Village project
Submitted by paula on Thu, 09/29/2016 - 11:53am
The announcement this week of a buyer for the undeveloped portion of the Chateau at the Village has been met with excitement over new investments in South Lake Tahoe.
Owens Financial announced Kawana Meadows Development, LLC entered into a purchase agreement for $42.5 million for eight acres of the project, leaving the 3.5 acres currently home to the Zalanta and completed retail Chateau portion in the hands of Owens.
