owens financial
Plans moving forward for Chateau at the Village project in South Lake Tahoe
Submitted by paula on Tue, 05/05/2020 - 11:08pm
SOUTH LAKE TAHOE, Calif. - What was once a large hole in the ground at Stateline in South Lake Tahoe has been filling in with businesses from the Zalanta condos to restaurants and shops, and the owner of the property is now preparing to start the next phase.
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.
Chateau at the Village in South Lake Tahoe sells for $42.5 million
Submitted by admin on Tue, 09/27/2016 - 11:11pm
Owens Realty Mortgage has reported that Tahoe Stateline Venture, LLC, has entered into a purchase agreement with Jianping Pan, Kawana Holdings LLC to sell some of their Chateau at the Village for $42.5 million.
Owens Financial seeks buyer for Chateau at the Village project in South Lake Tahoe
Submitted by paula on Sun, 02/21/2016 - 11:06pm
Owens Financial, the owner of the mixed-use development project known as Chateau at the Village, is looking for a buyer, or buyers, for the 11.5 acre area in South Lake Tahoe once known as "The Hole."
First phase of condo project at Stateline set to begin
Submitted by paula on Fri, 08/28/2015 - 3:52pm
Now that the last remaining building along the north side of Highway 50 between Friday Avenue and the Chateau at Heavenly Village is gone, crews have been preparing the space for what is going to be known as Zalanta Resort at the Village.
The first phase of this condominium project will begin as soon as building permits are issued by the City of South Lake Tahoe.
New phase of construction to begin at The Chateau
Submitted by paula on Wed, 06/03/2015 - 8:19pm
Soon, memories of "The Hole" will be replaced with the vision of new retail, restaurants and condominiums as the next phase of construction begins in South Lake Tahoe.
The Chateau at the Village will continue its growth to the corner of Friday Avenue and Highway 50.
Public Invited to the Removal of the Fence at the Chateau Project (aka The Hole)
Submitted by paula on Fri, 05/09/2014 - 9:59pm
Event Date:
May 12, 2014 (All day)
South Lake Tahoe locals and visitors alike can now rejoice as the fence surrounding "the hole" gets torn down during a community ceremony on Monday, May 12. The Chateau Project has received the go ahead from CalTrans to begin the streetscaping and sidewalk portion of construction.
When construction ended on The Chateau in 2008, little did anyone know it would take until 2014 to get to this point.
Owens Financial plan to have this phase of the project completed by June. The remaining phases will begin in the future, once a buyer comes in.
Monday's Event Details:
Revitalized Chateau Project Bringing in Change to the South Lake Tahoe Tourist Core
Submitted by paula on Mon, 11/11/2013 - 11:35pm
There has finally been a lot of construction action at the site of The Chateau Project in South Lake Tahoe over the last couple of months. Many locals have called this area "The Hole" since construction stalled in 2008 but they are now seeing life being put into one of the cornerstones of the South Lake Tahoe Tourist Core.
Building permit gets OK for Chateau project in South Lake Tahoe
Submitted by Editor on Sun, 08/18/2013 - 2:21amAfter years of limbo and uncertainty, the Chateau project at the corner of Highway 50 and Stateline in South Lake Tahoe will once again see the light of day.
The city of South Lake Tahoe issued a building permit Friday for the $400 million project, referred to as "the hole" by many locals, which has been stalled since 2008 after financing dried up.
“Thank you to City Council and staff for working extensive hours on getting this project started again and reinvigorating the local economy,” said Mayor Tom Davis.
Skibum: A whole lot left with 'The Hole'
Submitted by Anonymous on Mon, 11/12/2012 - 11:28am
Follow the money trail on the “Hole” fiasco and you will find a mess. When the hole first stopped all of the reasons that were given by Randy Lane were false, wrong and an outright lie to the people of South Lake Tahoe. The real reason work was stopped was due to the two liens filed by two Nevada companies that did work and never got paid.
Skibum: The nuts and bolts of 'The Hole'
Submitted by Anonymous on Thu, 10/11/2012 - 9:47pm
Follow the money trail on the “Hole” fiasco and you will find a mess. When the hole first stopped all of the reasons that were given by Randy Lane were false, wrong and an outright lie to the people of South Lake Tahoe. The real reason work was stopped was due to the two liens filed by two Nevada companies that did work and never got paid. In California when there is a lien on a job all work stops until the contractors are paid, no money no work.
