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On January 14, the Citrus Heights City Council approved a purchase and sale agreement to sell the City-owned 11.34-acre property near Sylvan Corners to Woodside Homes, one of the largest homebuilders in the Western U.S. The vote to approve the agreement came after a staff presentation on the New Sylvan project, including the Offering Memorandum outreach and response, a fiscal and benefit analysis, and an introduction to the Woodside Homes developer. To view a copy of the presentation, click here.
Woodside Homes’ potential plan for the site includes 93 single-family, detached for-sale homes, including bungalow and cottage lots. The presentation Thursday evening highlighted the project’s potential to provide walkability to nearby retail and schools, and attract new families to the established corridor. Staff noted that attracting new families will help support the existing commercial area. “While achieving a financially feasible project is a metric of success, more importantly this development will generate economic impact, support the local retail trade area, and ensure neighborhood vitality” said Meghan Huber, Economic Development & Communications Manager.
The approved purchase and sale agreement denotes a sale price of $4.1 million, dependent on the final amount of lots, which will be confirmed after all entitlements are completed. The project is required to go through the City’s normal development review process, including public hearings at the Planning Commission and City Council. Woodside Homes will work with the City on project review and approval, including obtaining all necessary entitlements and ongoing communication with the community
To learn more about the New Sylvan project, and track development updates, visit: CitrusHeights.net/New Sylvan.