New Developments for region
The Sacramento Area Council of Governments predicts between 800,000 and 1 million people will be moving into the region over the next 30 years. So where are they all going to live?
One place in Placer County will be the Placer Vineyard project. The Board of Supervisors is expected to give their final approve next month on this project that has been in the planning stage for the last ten years. The Vineyard project consist of 5,000 acres and more than 14,000 new homes. Expected residents will be 33,000. The cost for the development will be in the range of $835 million. The Vineyards is located in Western Placer County near Antelope.
The city of Folsom wants some of that anticipated growth. The city is advancing a plan to annex 3,500 acres south of highway 50 for another development consisting of 12,000 new residential units accommodating 30,000 people and a 100-acre regional mall. The annexation process will take two year but city official expect development to begin by 2010.
El Dorado County is already growing south of the new El Dorado Hill Town Center. Major residential expansion is currently underway down Latrobe, south of White Rock Road with hundreds of new homes under construction or in the planning stages.
During our current slow real estate cycle, there are currently over 100,000 new proposed lots at some point of the development approval process in the region. If all the one million newcomers show up over the next few years I think we will be ready for them.
One place in Placer County will be the Placer Vineyard project. The Board of Supervisors is expected to give their final approve next month on this project that has been in the planning stage for the last ten years. The Vineyard project consist of 5,000 acres and more than 14,000 new homes. Expected residents will be 33,000. The cost for the development will be in the range of $835 million. The Vineyards is located in Western Placer County near Antelope.
The city of Folsom wants some of that anticipated growth. The city is advancing a plan to annex 3,500 acres south of highway 50 for another development consisting of 12,000 new residential units accommodating 30,000 people and a 100-acre regional mall. The annexation process will take two year but city official expect development to begin by 2010.
El Dorado County is already growing south of the new El Dorado Hill Town Center. Major residential expansion is currently underway down Latrobe, south of White Rock Road with hundreds of new homes under construction or in the planning stages.
During our current slow real estate cycle, there are currently over 100,000 new proposed lots at some point of the development approval process in the region. If all the one million newcomers show up over the next few years I think we will be ready for them.
posted by Ken Calhoon at 7:34 AM
0 Comments:
Post a Comment
<< Home