Edgewood Companies
Edgewood Companies, formerly Park Cattle Company, has been a land owner in the Carson Valley since 1872 and at Lake Tahoe since 1898. A private, closely-held diversified real estate company, Edgewood Companies owns and operates a 4,400 acre ranch in the Carson Valley, known as the Park Ranch. Additionally, the company owns 500 acres at Lake Tahoe, Nevada that include the Edgewood Golf Course, Friday’s Station (an original Pony Express stop and where Mark Twain wrote portions of Roughing It), Edgewood Water Company, the Horizon Casino Resort, the MontBleu Casino Resort, and the land around Harvey’s Resort Casino including the structured parking facility. Edgewood further owns numerous undeveloped parcels and pristine beachfront in the South Lake Tahoe area.
Today, the Edgewood Companies’ Management and Board of Directors are focused on four primary real estate projects:
The Edgewood Lodge on Lake Tahoe’s south shore has applied for an entitlement from the Tahoe Regional Planning Agency for a world-class hotel with fractional residences for up to 250 units on company owned land near the clubhouse on Edgewood Tahoe Golf Course.
Edgewood Companies has been conducting research and analysis to evaluate potential reuse or redevelopment options for the Horizon Casino Resort site. Options ranging from the preservation of the status quo to a complete scrape and redevelopment are under consideration. The full redevelopment of the site may include a destination resort with a recreation and entertainment focus. Amenities could include a major live entertainment venue, a recreation hub to serve as a gateway to Tahoe’s great outdoors, a casino, and an indoor spa and fitness facilities with complimentary retail and restaurants. A redevelopment would allow significant water quality improvements to improve clarity in Lake Tahoe.
Park Ranch, a 4,400 acre ranch in the Carson Valley, has potential for commercial and residential development that will require an amendment to Douglas County’s master plan and rezoning. Edgewood Companies is currently evaluating strategic plans for this asset.
The Board of Directors has recently approved a real estate investment diversification strategy, which will result in the growth of the value and cash flow of the company. Initial efforts have been focused on acquisition of value-add income properties primarily in the western United States. More recently, acquisition activity has branched out to include properties in the southeastern United States.
Edgewood Companies and the Park Family are proud to have been part of the Carson Valley and South Lake Tahoe communities for over 130 years and will continue to act upon the family mantra, “To be stewards of the land, guardians of the Lake, and solid corporate citizens in the communities in which we operate.”