Vote Followed by 10-day Appeal Period with No Objections

Rocklin, Calif. – LRE & Companies, a full spectrum real estate development, asset manager, construction, and hotel management company, announces that it has received approval from the City of Rocklin to move forward with its plans for “University Square”-a 10-acre mixed-use development project at the intersection of Sunset Boulevard and University Avenue.

University Square is the developer’s first project in Rocklin and second in Placer County, and will provide great opportunities for retailers in this growing community. The project is scheduled to be completed by the end of 2025.

RESOLUTIONS ADOPTED

During the Feb. 13, 2024, City Council meeting, the Council moved to adopt the following resolutions of the City Council of the City of Rocklin:

1. Approving a Design Review of University Square; and
2. Approving a Conditional Use Permit for University Square.

The meeting was followed by a 10-day appeal period, during which time there were no objections raised by the public.

RETAIL, RESTAURANTS AND MORE…

The site will have more than 20,000 square feet of retail space and 5,000 square feet of space for quick service restaurants with drive-thrus; a 123-room Hilton Garden Inn; a 10,000 square-foot daycare center; a 3,700-square-foot convenience store; and a car wash. Circle K, a convenience store and gas station chain offering a wide variety of products, will be 3,700 square feet and also sit on a site. University Square has lined up some exciting tenants, with leases to be finalized in coming weeks.

“The City of Rocklin has been an amazing partner and we could not be more thrilled and honored to get the green light for this project,” says Akki Patel, CEO of LRE & Companies.

“UNIVERSITY SQUARE IS ANOTHER EXAMPLE OF US FOLLOWING THROUGH WITH OUR APPROACH OF DEVELOPING AT DYNAMIC INTERSECTIONS IN GROWING MARKETS WE HAVE IDENTIFIED OVER THE YEARS AS A DEVELOPER ON THE WEST COAST.”

Akki Patel, CEO of LRE & Companies

ADJACENT TO TOWNHOME COMMUNITY

The project is adjacent to Estia at Rocklin, a build-to-rent townhome community with 181 units, and located across the street from William Jessup University, a private Christian university with more than 3,000 students. It is also just east of the 8,497-acre Sunset Area development, whose plan is centered around a new California State University, Sacramento and Sierra College campus.

BECOME A TENANT

Currently, LRE & Companies is reviewing letters of intent from interested tenants to fill the remaining spaces. Interested parties can contact Ariel Fox afox@rightsite.com. The project is scheduled to be completed by the end of 2025 and will be a retail hub complemented with hospitality components.

LRE & Company and American Hospitality Services kick off New Year with groundbreaking

Roseville, Calif. – LRE & Companies, a full spectrum real estate development, asset manager, construction, and hotel management company, in partnership with the American Hospitality Services, announces the groundbreaking ceremony for its highly anticipated project, Roseville Junction.

The event took place Thursday, January 11 at the project site: 290 Conference Center Drive, adjacent to the Galleria Mall and Highway 65. The event was attended by Roseville Mayor Bruce Houdesheldt, Economic Development Manager Wayne Wiley, Roseville City Council members, and community leaders.

HIGHLY ANTICIPATED PROJECT

“I’m thrilled that we can start 2024 with a green light to move forward, signaling to the community that this will be the future home of something amazing,” says Akki Patel, CEO of LRE & Companies.

“THE CITY OF ROSEVILLE HAS BEEN AN AMAZING PARTNER THROUGHOUT THE PROCESS, AND WE ARE GRATEFUL TO BE PART OF THIS GROWING COMMUNITY.”

Akki Patel, CEO of LRE & Companies

PHASE 1

“We’re grateful that the Roseville Planning Commission approved the Roseville Junction Hotels, clearing the way for this Phase 1 groundbreaking of our project,” adds Rohit Ranchhod, President and CEO of American Hospitality Services. “We look forward to its completion and having this space serve as a family-friendly gathering place for locals and visitors.”

The groundbreaking event provided an opportunity for the community to witness the beginning of a new era. Attendees engaged with the project’s visionaries and contributed to the excitement surrounding this transformative initiative.

“ONE-OF-A-KIND BEER GARDEN”

A core highlight of the site will be “Social Connection”-a one-of-a-kind beer garden that will feature a variety of food and beverage venues for locals and tourists. Already signed on as an anchor tenant will be Fieldwork Brewing Company, a popular brewery in Northern California. Roseville Junction’s strategic location adjacent to the Galleria Mall and Highway 65amplifies its significance within the community. The project is poised to offer a seamless blend of entertainment and hospitality, creating a dynamic destination that caters to diverse interests.

“It’s great to see the progress we’re making,” says Victor Chiang, VP, development, LRE & Companies. “When we first assessed the site, the first thing we noticed was its outstanding location. It’s centrally situated amongst so much amazing retail, including Westfield Galleria, The Fountains and Creekside Town Center. With so much retail surrounding us, there’s plenty of opportunity to attract shoppers from all over. Roseville Junction is the perfect place for them to connect and gather, enjoy the California sunshine, grab a bite to eat and raise a glass.”

HYATT HOTELS

Roseville Junction will function as a sports and entertainment complex in Placer County. The new mixed-use development will include two select-service hotels – Caption by Hyatt Roseville and Hyatt House Roseville, which were recently approved by Roseville’s Planning Commission.

Caption by Hyatt Roseville will consist of 122 rooms and suites, a fitness center, meeting facilities and a reimagined hotel lobby that will include an onsite F&B venue, an all-day café, market and bar with a lounge and social space. Meant for accommodations for short- and long-term stays, Hyatt House Roseville will feature 126 rooms, including studios and one-bedroom suites, public spaces, workout spaces and a rooftop bar.

THE ELECTRIC PICKLE

The Electric Pickle, Roseville Junction’s entertainment and sports complex, will comprise a bocce ball court and 10 pickleball courts, along with dining venues. Roseville Junction will include three restaurants, currently under negotiation, and an outdoor gathering space. The mixed-use development will also include multiple dining venues.

“As Roseville Junction breaks ground, LRE & Co. along with American Hospitality Services, Inc. invite the community to join in celebrating the progress and possibilities that lie ahead,” says Patel. “This event marks the realization of a vision that will shape the city’s future, creating an enduring legacy for generations to come.”