The official announcement for the builders of Sutter Park is out!
Here is a link to the Sacramento Business Journal article by Ben van der Meer with all of the official information:
https://www.bizjournals.com/sacramento/news/2018/11/19/sutter-park-developer-names-tim-lewis-urban.html
Some of the most interesting details I read in the article are:
Tim Lewis Communities will be building out 88 homes. The company is finalizing the architecture plans and hopes to have home plans on its website soon. They project that the first homes should be ready in about a year. I expect to see model homes sooner than that as well as designs, pricing and pre-sales. While the entry level condo price is projected they didn’t quote an entry level home price but they did give an estimated upper end of $1,800,000.
Urban Elements’ Julie Young will be building out 11 condo’s above a 2,700 square foot retail section. Construction for the mixed-use development should start construction next summer. Prices for the smallest condo is projected to start at $265,000 and go up from there. It sounds like the retail space will host a cafe, coffee shop, salon and barbershop.
There will also be 15 custom home lots for sale. These will probably fetch a premium for each lot and from what I’ve seen on the planning map, these are going to be larger lots.
We are one step closer to seeing this great set of homes added to East Sac and I’m excited for my clients that have been waiting to buy in there.
