Sierra Sotheby’s International Closes $45.5 Million Purchase of The Chateau at the Village Property in South Lake Tahoe
Escrow closes on "The Chateau," luxury condo-tel planned
Submitted by Anonymous on Tue, 05/23/2017 - 2:56pm
The sale of "The Chateau at the Village" in South Lake Tahoe is complete and the eight acres of land and entitlements are now owned by Tahoe Chateau Land Holding, LLC, a Chinese-American investment group.
The holding company, owned by Kawana Holdings, will own "air rights" above the existing retail area, related parking and the garage structure, the former convention center pad. The seller, Owens Realty Mortgage Inc., keeps the existing retail buildings and improvements that are home to McP's, Dough and various shops.
