Kawana Meadows to continue development of Chateau at the Village in South Lake Tahoe
A Marin County developer has big plans for the property formerly known as “The Hole.”
Kawana Meadows Development Corporation entered into a $45 million purchase agreement with Tahoe Stateline Venture on Sept. 22 for eight acres of the property known as The Chateau at the Village.
“We’re scheduled to close escrow Nov. 15,” said Kawana Meadows CEO Will Oswald. “Our plan is to stay with the program of what’s been approved and entitled by the TRPA and not make any major changes.”
Kawana Meadows is set to own the parking garage, approximately eight acres to the rear of property, and about eight acres above the completed section of The Chateau.
“A second story can be added to that section,” said Oswald.
The development will be a mix of residential and commercial, including 387 whole-ownership condominiums and 20,000 square feet of commercial and retail space.
“We already have our architecture team working on the plans. They will design through the winter, and hopefully we can present our plan to the planning and building department next spring,” said Oswald.
“It’s going to be consistent with the Tahoe feel. It’s going to be luxury condominiums and fit into the Tahoe flavor similar to some of the luxury projects in the area.”
Oswald said he and other Kawana Meadows employees have been coming to Lake Tahoe for 30 to 35 years, and consider it a “landmark location.”
“We think it’s going to be good for the community and the city, and bring in lots of tax revenue,” he added.
Kawana Meadows specializes in residential subdivisions and mixed-use projects throughout Northern California. The company is currently building 200 homes in Sonoma County, and has other ongoing projects in Freemont and San Francisco.
Oswald said they have hired Midkiff and Associates, a planning and permitting consulting firm in South Lake Tahoe, to assist with due diligence.
Kawana Meadows is based in Kentfield, California.