SAN RAFAEL, Calif., Jan. 5, 2023 /PRNewswire/ — LRE & Companies, a full spectrum real estate development, asset manager, construction, and hotel management company, has unveiled plans for Fernley Promenade, a 13-acre mixed-used development project comprising of industrial, retail, and hotel, in Fernley, NV, one of the fastest-growing cities in The Silver State.

“We’ve developed, opened, and operated hundreds of restaurants throughout Northern California and Western Nevada over two decades,” said Akki Patel, CEO of LRE & Companies. “Throughout our journey, we’ve perfected the process of identifying the right pieces of real estate and where future growth will be. Our strategic evaluation identified several prime real estate opportunities in secondary and tertiary markets for mixed-use development projects. Due to its proximity to major highways and strong market fundamentals, Fernley is one of those locations.”

Fernley Promenade will have a 98-room hotel, three quick-service restaurants, three large junior anchors, and 16,000 square feet of shop space. An extended-stay lodging facility, the four-story Home2 Suites at Fernley Promenade will have a swimming pool, fitness center, guest laundry room, breakfast room, and sundries shop. LRE & Companies is in the process of finalizing the project’s national junior anchors. There are already several letters of intent for the restaurant pads. The remaining retail and QSR spaces are available for lease. Fernley Promenade is adjacent to Victory Logistics District, a 4,300-acre master planned industrial center capable of meeting the growing need for manufacturing, distribution, data center, and logistics development in the region. The site is strategically located between a Super Walmart and Lowe’s facing Highway 80. The project is slated to be completed by year-end 2024.

Located at the intersection of Interstate 80, U.S. Route 50 Alternate, and U.S. Route 95 Alternate, Fernley is a 30-minute drive from Reno, NV, about 22 miles north of Lake Tahoe; a 12-minute drive from Tahoe Reno Industrial Center (TRIC), the largest industrial center in the United States and home to more than a hundred companies; and nearly an hour drive to Pyramid Lake, the only habitat in the world for the Cui-ui fish that has been around for more than two million years. In addition to many mom-and-pop restaurants, hotels, and casinos in the city, Fernley has an emerging tech community, including facilities for Tesla, Panasonic, and Apple. The city is also known for being the former home to one of the first Amazon.com fulfillment centers in the world.

Fernley has been in a growth cycle for much of the past decade, with little evidence indicating it will be slowing. Part of the Reno–Sparks metropolitan statistical area, consisting of two counties in Western Nevada, Washoe and Storey, Fernley has a population of nearly 23,000, with a five-mile population projection by 2026 of 25,070. The city has strong market fundamentals, including a growing population, ample affordable housing, a business-friendly state government, and plentiful employment opportunities.

“Fernley Promenade has all the elements of a successful mixed-use development when you look at it on paper,” said Victor Chiang, vice president of development at LRE & Companies. “Being in one of the strongest counties in Northern Nevada, Lyon County, Fernley over the last 10 years has attracted large Class A industrial developers. We expect Fernley Promenade to drive tourism to the community and become a significant demand generator for future investments. The opportunity for investors, retailers, and, most importantly, the community is significant.”

About LRE & Companies

The LRE & Co. is a family organization in real estate development, construction, and food and beverage businesses since 1999. It has been present in major markets throughout northern California and northwest Nevada. It is an ever-growing organization consisting of a group of diverse and dynamic people who strive for excellence. LRE & Co. & affiliates’ food and beverage arm comprise franchise restaurants and master development agreements for national franchises. The commercial real estate arm comprises investments in commercial land space and partnerships with major fast casual/QSR brands, Marriott, Hilton & Hyatt groups of hotels. LRE & Co. has a diverse portfolio of office buildings, retail properties, multi-family holdings as well as hospitality. Over the last 15 years, LRE & Co. has leveraged its experience in the real estate space, leading to the inception of the real estate Investment and development arm of the company. Several projects are underway or completed in a very short span due to prior knowledge of the commercial space, including AC by Marriott in Sacramento downtown, Courtyard by Marriott in Woodland, H2 Suites by Hilton & multi-family development in Sacramento

Media Contact:
Christopher Joseph (CJ) Arlotta
CJ Media Solutions, LLC for LRE & Companies
C: 631-572-3019
351433@email4pr.com

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SAN RAFAEL, CA — December 7, 2022 — LRE & Companies, a full spectrum real estate development, asset manager, construction, and hotel management company, and American Hospitality Services, Inc., a development and hotel management company acting as sponsor, operating partner, and asset manager of strategic commercial real estate assets, have unveiled the plans for Roseville Junction, a new mixed-use project in Placer County, CA, one of the state’s fastest-growing counties.

“Without a doubt, Roseville Junction is in a class of its own,” said Akki Patel, CEO of LRE & Companies. “Nothing like this project has been done before in Placer County, let alone the Sacramento area. What we’re developing is truly remarkable and a game-changer for the community. We’re proud to be part of Roseville Junction and a contributor to the future success of the Roseville community.”

Roseville Junction will have two select-service hotels, three restaurants, an outdoor gathering space, and an entertainment and sports complex. The hotels and restaurants are currently under negotiation. To bring the community together in an outdoor gathering space through food and drink, Social Connection will offer a variety of food and beverage options, including Fieldwork Brewing Company, a well-known brewery in Northern California. Social Connection will offer the most prominent outdoor gathering space for miles and be family and pet friendly to appeal to the small community. The entertainment and sports complex will have a bocce ball court and 10 pickleball courts. It will also offer comfort food items such as wood-fired Neapolitan pizzas, Mexico City-inspired tacos, burgers, and more. There will also be ordering apps where guests can place food and beverage orders from their phones and have their food delivered by food ambassadors moving throughout the property. Social Connection will sit on more than 58,700 square feet.

Located in Northern California, Placer County has six incorporated cities and towns with a total area of 1,506 square miles of diverse geography and a population of 390,000 and 13,000 businesses. The county has more than one million acres of national forest land filled with trails, natural lakes, rivers, and streams. It is also a year-round destination for winter and summer, attracting more than one million visitors each year.

The site for Roseville Junction is 20 minutes north of Sacramento, CA, and adjacent to Highway 65 near Interstate 80, making it accessible to the entire Placer County region. It’s also near new retail and shopping amenities, including Roseville Galleria in Roseville, CA, the second-largest mall in northern California. Roseville is also near many of the area’s vineyards and wineries.

“When we first assessed the site, the first thing we noticed is its outstanding location,” said Victor Chiang, vice president of development at LRE & Companies. “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.”

The Roseville submarket has demonstrated strong demographic fundamentals and a rapidly expanding population and attracted several new major employers, many of which are in the healthcare industry. Other top industry segments include public administration, construction, education services, finance and insurance, and computer and electronic products.

“With more than 135,000 people, Roseville is the most populous city in Placer County, making it the ideal location for a new mixed-use project,” said Rohit Ranchhod, president and CEO of American Hospitality Services. “With a Mediterranean climate and more than 250 days of sunshine yearly, Roseville is home to more than 80 parks and recreation facilities. The city is also just 90 minutes away from Lake Tahoe, near endless winter and water sports, and numerous hiking and mountain biking trails.”

A new project to build a mixed use complex in Placer County, Sacramento have been announced. LRE & Companies and American Hospitality Services, Inc have unveiled plans for three restaurants, an outdoor gathering space, and an entertainment and sports complex.

From the recent press release…

“Without a doubt, Roseville Junction is in a class of its own,” said Akki Patel, CEO of LRE & Companies. “Nothing like this project has been done before in Placer County, let alone the Sacramento area. What we’re developing is truly remarkable and a game-changer for the community. We’re proud to be part of Roseville Junction and a contributor to the future success of the Roseville community.”

Located in Northern California, Placer County has six incorporated cities and towns with a total area of 1,506 square miles of diverse geography and a population of 390,000 and 13,000 businesses. The county has more than one million acres of national forest land filled with trails, natural lakes, rivers, and streams. It is also a year-round destination for winter and summer, attracting more than one million visitors each year.

“When we first assessed the site, the first thing we noticed is its outstanding location,” said Victor Chiang, vice president of development at LRE & Companies. “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.”

The LRE & Co. is a family organisation in real estate development, construction, and food and beverage businesses since 1999. It has been present in major markets throughout northern California and northwest Nevada. American Hospitality Services Inc. (AHSI) is a full spectrum development company acting as sponsor, operating partner, and asset manager of commercial real estate.

LRE & Companies, a real estate development, asset manager, construction and hotel management company, and American Hospitality Services Inc., a development and hotel management company acting as sponsor, operating partner and asset manager of strategic commercial real estate assets, have unveiled the plans for Roseville Junction, a new mixed-use project in Placer County, CA.

“Without a doubt, Roseville Junction is in a class of its own,” said Akki Patel, CEO, LRE & Companies. “Nothing like this project has been done before in Placer County, let alone the Sacramento area. What we’re developing is truly remarkable and a game-changer for the community. We’re proud to be part of Roseville Junction and a contributor to the future success of the Roseville community.”

Roseville Junction will have two select-service hotels, three restaurants, an outdoor gathering space and an entertainment and sports complex. The hotels and restaurants are currently under negotiation.

To bring the community together in an outdoor gathering space through food and drink, Social Connection will offer a variety of food and beverage options. There will be apps where guests can place food and beverage orders from their phones and have their food delivered by food ambassadors moving throughout the property. Social Connection will sit on more than 58,700 sq. ft.

The site for Roseville Junction will be north of Sacramento, CA, and adjacent to Highway 65 near Interstate 80, making it accessible to the entire Placer County region. It’s also near new retail and shopping amenities, including Roseville Galleria in Roseville, CA, a mall in northern California.

“When we first assessed the site, the first thing we noticed is its outstanding location,” said Victor Chiang, VP, development, LRE & Companies. “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.”

Rohit Ranchhod, president/CEO, American Hospitality Services, said, “With more than 135,000 people, Roseville is the most populous city in Placer County, making it the ideal location for a new mixed-use project. With a Mediterranean climate and more than 250 days of sunshine yearly, Roseville is home to more than 80 parks and recreation facilities. The city is also just 90 minutes away from Lake Tahoe, near endless winter and water sports and numerous hiking and mountain biking trails.”

LRE & Companies, a full spectrum real estate development, asset manager, construction, and hotel management company, and American Hospitality Services, Inc., a development and hotel management company acting as sponsor, operating partner, and asset manager of strategic commercial real estate assets, have unveiled the plans for Roseville Junction, a new mixed-use project in Placer County, CA, one of the state’s fastest-growing counties.

“Without a doubt, Roseville Junction is in a class of its own,” said Akki Patel, CEO of LRE & Companies. “Nothing like this project has been done before in Placer County, let alone the Sacramento area. What we’re developing is truly remarkable and a game-changer for the community. We’re proud to be part of Roseville Junction and a contributor to the future success of the Roseville community.”

Roseville Junction will have two select-service hotels, three restaurants, an outdoor gathering space, and an entertainment and sports complex. The hotels and restaurants are currently under negotiation. To bring the community together in an outdoor gathering space through food and drink, Social Connection will offer a variety of food and beverage options, including a well-known brewery serving beer, wine, and pizza. It will offer the most prominent outdoor gathering space for miles and be family and pet friendly to appeal to the small community. The entertainment and sports complex will have a bocce ball court and 10 pickleball courts. It will also offer comfort food items such as wood-fired Neapolitan pizzas, Mexico City-inspired tacos, burgers, and more. There will also be ordering apps where guests can place food and beverage orders from their phones and have their food delivered by food ambassadors moving throughout the property. Social Connection will sit on more than 58,700 square feet.

Located in Northern California, Placer County has six incorporated cities and towns with a total area of 1,506 square miles of diverse geography and a population of 390,000 and 13,000 businesses. The county has more than one million acres of national forest land filled with trails, natural lakes, rivers, and streams. It is also a year-round destination for winter and summer, attracting more than one million visitors each year.

The site for Roseville Junction is 20 minutes north of Sacramento, CA, and adjacent to Highway 65 near Interstate 80, making it accessible to the entire Placer County region. It’s also near new retail and shopping amenities, including Roseville Galleria in Roseville, CA, the second-largest mall in northern California. Roseville is also near many of the area’s vineyards and wineries.

“When we first assed the site, the first thing we noticed is its outstanding location,” said Victor Chiang, vice president of development at LRE & Companies. “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.”

The Roseville submarket has demonstrated strong demographic fundamentals and a rapidly expanding population and attracted several new major employers, many of which are in the healthcare industry. Other top industry segments include public administration, construction, education services, finance and insurance, and computer and electronic products.

“With more than 135,000 people, Roseville is the most populous city in Placer County, making it the ideal location for a new mixed-use project,” said Rohit Ranchhod, president and CEO of American Hospitality Services. “With a Mediterranean climate and more than 250 days of sunshine yearly, Roseville is home to more than 80 parks and recreation facilities. The city is also just 90 minutes away from Lake Tahoe, near endless winter and water sports, and numerous hiking and mountain biking trails.”

About LRE & Companies
The LRE & Co. is a family organization in real estate development, construction, and food and beverage businesses since 1999. It has been present in major markets throughout northern California and northwest Nevada. It is an ever-growing organization consisting of a group of diverse and dynamic people who strive for excellence. LRE & Co. & affiliates’ food and beverage arm comprise franchise restaurants and master development agreements for national franchises. The commercial real estate arm comprises investments in commercial land space and partnerships with major fast casual/QSR brands, Marriott, Hilton & Hyatt groups of hotels. LRE & Co. has a diverse portfolio of office buildings, retail properties, multi-family holdings as well as hospitality. Over the last 15 years, LRE & Co. has leveraged its experience in the real estate space, leading to the inception of the real estate Investment and development arm of the company. Several projects are underway or completed in a very short span due to prior knowledge of the commercial space, including AC by Marriott in Sacramento downtown, Courtyard by Marriott in Woodland, H2 Suites by Hilton & multi-family development in Sacramento

About American Hospitality Services, Inc.
American Hospitality Services Inc. (AHSI) is a full spectrum development company acting as sponsor, operating partner, and asset manager of commercial real estate. As a company based in Sacramento, AHSI focuses its operations on Northern California. AHSI success comes from relationship-based development coupled with world class operational standards.

SAN RAFAEL, CA — December 6, 2022 — LRE & Companies, a full spectrum real estate development, asset manager, construction, and hotel management company, and American Hospitality Services, Inc., a development and hotel management company acting as sponsor, operating partner, and asset manager of strategic commercial real estate assets, have unveiled the plans for Roseville Junction, a new mixed-use project in Roseville Junction, CA, one of the state’s fastest-growing counties.

“Without a doubt, Roseville Junction is in a class of its own,” said Akki Patel, CEO of LRE & Companies. “Nothing like this project has been done before in Placer County, let alone the Sacramento area. What we’re developing is truly remarkable and a game-changer for the community. We’re proud to be part of Roseville Junction and a contributor to the future success of the Roseville community.”

Roseville Junction will have two select-service hotels, three restaurants, an outdoor gathering space, and an entertainment and sports complex. The hotels and restaurants are currently under negotiation. To bring the community together in an outdoor gathering space through food and drink, Social Connection will offer a variety of food and beverage options, including a well-known brewery serving beer, wine, and pizza. It will offer the most prominent outdoor gathering space for miles and be family and pet friendly to appeal to the small community. The entertainment and sports complex will have a bocce ball court and 10 pickleball courts. It will also offer comfort food items such as wood-fired Neapolitan pizzas, Mexico City-inspired tacos, burgers, and more. There will also be ordering apps where guests can place food and beverage orders from their phones and have their food delivered by food ambassadors moving throughout the property. Social Connection will sit on more than 58,700 square feet.

Located in Northern California, Placer County has six incorporated cities and towns with a total area of 1,506 square miles of diverse geography and a population of 390,000 and 13,000 businesses. The county has more than one million acres of national forest land filled with trails, natural lakes, rivers, and streams. It is also a year-round destination for winter and summer, attracting more than one million visitors each year.

The site for Roseville Junction is 20 minutes north of Sacramento, CA, and adjacent to Highway 65 near Interstate 80, making it accessible to the entire Placer County region. It’s also near new retail and shopping amenities, including Roseville Galleria in Roseville, CA, the second-largest mall in northern California. Roseville is also near many of the area’s vineyards and wineries.

“When we first assessed the site, the first thing we noticed is its outstanding location,” said Victor Chiang, vice president of development at LRE & Companies. “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.”

The Roseville submarket has demonstrated strong demographic fundamentals and a rapidly expanding population and attracted several new major employers, many of which are in the healthcare industry. Other top industry segments include public administration, construction, education services, finance and insurance, and computer and electronic products.

“With more than 135,000 people, Roseville is the most populous city in Placer County, making it the ideal location for a new mixed-use project,” said Rohit Ranchhod, president and CEO of American Hospitality Services. “With a Mediterranean climate and more than 250 days of sunshine yearly, Roseville is home to more than 80 parks and recreation facilities. The city is also just 90 minutes away from Lake Tahoe, near endless winter and water sports, and numerous hiking and mountain biking trails.”

About LRE & Companies 

The LRE & Co. is a family organization in real estate development, construction, and food and beverage businesses since 1999. It has been present in major markets throughout northern California and northwest Nevada. It is an ever-growing organization consisting of a group of diverse and dynamic people who strive for excellence. LRE & Co. & affiliates’ food and beverage arm comprise franchise restaurants and master development agreements for national franchises. The commercial real estate arm comprises investments in commercial land space and partnerships with major fast casual/QSR brands, Marriott, Hilton & Hyatt groups of hotels. LRE & Co. has a diverse portfolio of office buildings, retail properties, multi-family holdings as well as hospitality. Over the last 15 years, LRE & Co. has leveraged its experience in the real estate space, leading to the inception of the real estate Investment and development arm of the company. Several projects are underway or completed in a very short span due to prior knowledge of the commercial space, including AC by Marriott in Sacramento downtown, Courtyard by Marriott in Woodland, H2 Suites by Hilton & multi-family development in Sacramento.

About American Hospitality Services, Inc.

American Hospitality Services Inc. (AHSI) is a full spectrum development company acting as sponsor, operating partner, and asset manager of commercial real estate. As a company based in Sacramento, AHSI focuses its operations on Northern California. AHSI success comes from relationship-based development coupled with world class operational standards.

SOURCE CJ Media Solutions, LLC

SAN RAFAEL, CALIFORNIA—LRE & Companies, a full spectrum real estate development, asset manager, construction, and hotel management company, and American Hospitality Services, Inc., a development and hotel management company acting as sponsor, operating partner, and asset manager of strategic commercial real estate assets, have unveiled the plans for Roseville Junction, a new mixed-use project in Placer County, California, one of the state’s fastest-growing counties.

“Without a doubt, Roseville Junction is in a class of its own,” said Akki Patel, CEO of LRE & Companies. “Nothing like this project has been done before in Placer County, let alone the Sacramento area. What we’re developing is truly remarkable and a game-changer for the community. We’re proud to be part of Roseville Junction and a contributor to the future success of the Roseville community.”

Roseville Junction will have two select-service hotels, three restaurants, an outdoor gathering space, and an entertainment and sports complex. The hotels and restaurants are currently under negotiation. To bring the community together in an outdoor gathering space through food and drink, Social Connection will offer a variety of food and beverage options, including a well-known brewery serving beer, wine, and pizza. It will offer the most prominent outdoor gathering space for miles and be family and pet friendly to appeal to the small community. The entertainment and sports complex will have a bocce ball court and 10 pickleball courts. It will also offer comfort food items such as wood-fired Neapolitan pizzas, Mexico City-inspired tacos, burgers, and more. There will also be ordering apps where guests can place food and beverage orders from their phones and have their food delivered by food ambassadors moving throughout the property. Social Connection will sit on more than 58,700 square feet.

Located in Northern California, Placer County has six incorporated cities and towns with a total area of 1,506 square miles of diverse geography and a population of 390,000 and 13,000 businesses. The county has more than one million acres of national forest land filled with trails, natural lakes, rivers, and streams. It is also a year-round destination for winter and summer, attracting more than one million visitors each year.

The site for Roseville Junction is 20 minutes north of Sacramento and adjacent to Highway 65 near Interstate 80, making it accessible to the entire Placer County region. It’s also near new retail and shopping amenities, including Roseville Galleria, the second-largest mall in northern California. Roseville is also near many of the area’s vineyards and wineries.

“When we first assessed the site, the first thing we noticed is its outstanding location,” said Victor Chiang, vice president of development at LRE & Companies. “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.”

The Roseville submarket has demonstrated strong demographic fundamentals and a rapidly expanding population and attracted several new major employers, many of which are in the healthcare industry. Other top industry segments include public administration, construction, education services, finance and insurance, and computer and electronic products.

“With more than 135,000 people, Roseville is the most populous city in Placer County, making it the ideal location for a new mixed-use project,” said Rohit Ranchhod, president and CEO of American Hospitality Services. “With a Mediterranean climate and more than 250 days of sunshine yearly, Roseville is home to more than 80 parks and recreation facilities. The city is also just 90 minutes away from Lake Tahoe, near endless winter and water sports, and numerous hiking and mountain biking trails.”

WOODLAND — A celebratory groundbreaking took place Thursday, Sept. 1, to mark the start of construction for two new hotels, Courtyard by Marriott and Home2 Suites by Hilton.

The 109-room Courtyard by Marriott will be at 1981 E Main Street and the adjacent 95-room Home2 Suites by Hilton is located at 441 Douglass Lane near Woodland’s historic downtown neighborhood. The two hotels are being developed and managed by Sacramento-based American Hospitality Services Inc. and capital partner/developer LRE & Companies.

“We are very excited to make this large investment into Woodland and this community,” said Akki Patel, president of LRE. “I’m proud of the LRE and AHSI teams working together to make this project come to reality.”

Totaling 204 rooms, the two hotels will offer guests extended-stay and select-service options. Set near Woodland’s historic downtown neighborhood, the locations include walkable restaurants, shops, and annual festivals, like the California Honey Festival.

Additionally, the forthcoming Woodland Research and Technology Park will serve as a new tech hub for the city of Woodland. According to the Woodland Research & Technology Specific Plan, it is “intended to serve an array of research and technology companies interested in locating and growing near UC Davis and other research and technology institutions within the Sacramento region.

“Consisting of approximately 350 acres, the Woodland Research and Technology Park is proposed as a new type of employment center that also includes a range of housing options, a commercial mixed-use town center focused around an 11-acre linear park and connected by a multi-modal street network and pedestrian and bicycle trail system.”

This project will add two more hotels to the AHSI portfolio in the rapidly expanding area, which include the Fairfield Inn & Suites and the Holiday Inn Express. AHSI knows these additional properties will enhance the community and create more jobs in the hospitality industry, like so many of their projects, have already.

“When we analyzed the Woodland market,” said Victor Chiang, LRE vice president of development, “and looked at some of the comparables, these projects jumped out at us.”

The hotels will be the only upscale and extended-stay properties in the city of Woodland and will meet the growing demand for lodging in one of the fastest-growing regions in California.

“We think that Woodland is in one of the fastest growing areas in California,” AHSI President Rohit Ranchhod said. “For this reason, we are excited to expand our properties and provide world-class services and stays for visitors looking for memorable places to call home while traveling.”

Sacramento-based AHSI has been developing and managing hotels of various brands, including Marriott, IHG, and Hilton since 2003.

 

As 2022 starts to gear up, development doesn’t look like it will be any less robust than it’s been in recent years, particularly in the same categories that have been hot: industrial parks, single-family subdivisions and urban residential. But some existing, ongoing projects could see new contours this year, and some new ones are poised to start and become their own narratives and centers of activity in years to come. Here are six projects to watch this year.

Metro Air Park

Metro Air Park, the site of the Amazon fulfillment center, has a half-dozen industrial projects underway.

After decades of planning, Metro Air Park is now deep into actual construction, with a half-dozen industrial projects currently underway and both local developers like Buzz Oates and national players like NorthPoint Development and Schnitzer Properties (formerly Harsch Investment Properties) active.

Two big questions with the 1,300-acre commercial site will start to get answered in 2022. One is how much industrial demand is still to come, with more than two-thirds of what’s in the park already spoken for. If it’s still high, that will spark other industrial projects on the boards nearby as well as in Rancho Cordova, Roseville and elsewhere.

The other is when Metro Air Park will become more than just an industrial area. A couple of recent property sales are in the part of the project planned for more highway commercial or industrial-serving uses, so that answer should come soon as well.

For long-term economic development, no project may be as important to the city of Sacramento as Aggie Square, the research and higher education hub planned for land south of UC Davis Medical Center in the Oak Park neighborhood.
The first projects for Aggie Square should get underway in a matter of months if not weeks, with legal challenges resolved and project partners saying now’s the time.

It probably won’t be until next year before those gleaming new buildings start getting populated with bright young minds and research field experts. But construction starting will also be a clear signal to the surrounding area — and projects such as housing planned nearby — that the project is a go.

Folsom Ranch

No local development may have benefited more than Folsom Ranch from the influx of former Bay Area residents to the Sacramento region.

No residential development may have benefited more in the last couple years from a surge of new Bay Area buyers who don’t need to be close to the office anymore. Virtually every major builder is active out there, or soon will be.

But naturally, it’s not hard to imagine the hundreds of new residents in Folsom Ranch beginning to grumble to themselves that it would be nice to have a place nearby to fill up on gas, grab a coffee or even a takeout dinner.
At least two retail proposals to that end are under review with the city, with construction expected as soon as this spring. Other proposals on the horizon include two medical campuses, and both affordable and market-rate apartments, meaning 2022 might be when Folsom Ranch becomes more than just a big neighborhood.

Project Elevate

Turton Commercial Real Estate will market a 20-acre site in Elk Grove envisioned as an urban-style development called Project Elevate, depicted here in conceptual form, with elements including multifamily housing, hospitality, retail and office components.

This year probably won’t see much in the way of actual construction for Project Elevate, the 20-acre site in Elk Grove intended to feel like an urban center, with dense housing and destination retail and nightlife. Turton Commercial Real Estate has started a national campaign to find a developer who will take the project on. Developers have asked about the proposal since and during the pandemic, so it’s not a stretch to say one could sign on this year.

Project Elevate — along with ongoing investment in the city’s historic district, the Sky River Casino project under construction, and talks about relocating the Sacramento Zoo to the city’s southeast corner — could make 2022 the year Elk Grove takes on a more well-rounded identity.

Sacramento Commons

Sacramento Commons is on Fifth Street between N and P streets.
Along with 162 units at The Frederic on Capitol Mall, the 400-odd units at Sacramento Commons south of Capitol Mall will represent the biggest chunk of new housing downtown in years, if not decades. The Frederic is already leasing and Sacramento Commons should follow by fall.

Some would say Downtown Sacramento could use the help. Though the office market has shown some signs of recovery, foot traffic is still noticeably light during the day. Having a few hundred more people not just working, but living downtown would make a difference for the restaurants and retailers who’ve been holding on since the coronavirus pandemic began nearly two years ago.

If those and other new housing projects like ARY and 17 Central in Midtown Sacramento do well, it’ll also be a good sign for other projects on the horizon, like Southern Land Co.’s proposed 24-story apartment tower on Lot X on Capitol Mall, set for a 2023 start.

Roseville Junction

A site plan for a proposed project called Roseville Junction near the Westfield Galleria shows two hotels, event space, three restaurants and what appears to be a public market area. Among the other dashed dreams from the pandemic is the likelihood of a conference center being developed near the Westfield Galleria at Roseville. But the land for the site now has a proposal called Roseville Junction that could move ahead this year.

Though brokers have cautioned against reading too much into plans so far, the concept calls for hotels and destination retail/restaurant options on an 11-acre site east of the mall. The right mix of tenants could draw people who’ve done most of their shopping online in recent years, and provide a case study in how new, similar developments might make the numbers work.