Edgewood Companies, formerly Park Cattle Company, has been a landowner in the Carson Valley since 1863 and at Lake Tahoe since 1896. A private, closely-held diversified real estate company, Edgewood Companies owns and operates a 4,500 acre ranch in the Carson Valley, known as the Park Ranch. Additionally, the company owns 500 acres at Lake Tahoe, Nevada that includes the Edgewood Tahoe 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. Edgewood further owns numerous undeveloped parcels and pristine beachfront in the South Lake Tahoe area.
Today, Edgewood Companies’ Management and Board of Directors are focused on four primary real estate investment objectives:
The Edgewood Tahoe Resort on Lake Tahoe’s south shore received approval from the Tahoe Regional Planning Agency in August 2012 for a best in class resort including a lodge with 154 guest rooms and 40 fractional residences. The resort will be built on the Edgewood Tahoe Golf Course near the existing clubhouse.
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 4,500 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.
Edgewood Companies is pursuing a real estate investment diversification strategy, which is resulting in the valuation growth and increasing cash flow of the company. Efforts have been focused on acquisition of value-add income properties primarily in western and southeastern markets in the United States.
Edgewood Companies and the Park Family are proud to have been part of the Carson Valley and South Lake Tahoe communities for 140 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.”